The Department of Justice is investigating concert promoters Live Nation and Aeg in a criminal probe regarding their responses to refunds for pandemic-era concert cancellations, Live Nation confirmed Thursday in a statement, denying any wrongdoing.

Bloomberg first broke the news of the investigation, reporting that it is linked to an initiative Live Nation, Aeg and the major Hollywood booking agencies had announced during the early days of the pandemic in 2020. As Bloomberg reported, the DOJ started investigating during the Biden era, but the efforts increased during the Trump administration. It’s unclear if the investigation will result in any formal charges filed.

“It is not illegal for artist agents, promoters and ticketing companies to work together to solve the unprecedented challenges of a global pandemic,” Dan Wall, Live Nation’s executive vp corporate and regulatory affairs, said in a statement to The Hollywood Reporter. “While Live Nation contributed to this industry effort in good faith,...