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Typically, antitrust laws would prevent collective action by independent contractors.

However, Trump's approach to other policies, such as antitrust enforcement or digital assets, could potentially impact markets, he said.

Live Nation has agreed to a $20-million settlement with investors over claims the company didn’t disclose the risks of business practices that exposed the firm to federal antitrust action.

It’s unclear if the government will succeed in breaking up Live Nation and Ticketmaster, but the antitrust action raises big risks for the giant entertainment company.

The federal government made the demand last year after a federal judge ruled that Google maintained an illegal monopoly over internet search in a landmark antitrust case.