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Jury finds Live Nation monopoly
The jury deliberated for four days before finding Live Nation liable for violating federal and state antitrust laws by using its market dominance to stifle competition.
Dozens of U.S. states joined the lawsuit, alleging that the company’s practices led to inflated ticket prices and poor service for consumers.
While the verdict establishes liability, a judge will now determine the appropriate remedies, which may include heavy monetary penalties or the divestiture of Ticketmaster.
Industry experts suggest this ruling could fundamentally reshape the economics of the live music business for years to come.
Live Nation Entertainment
American entertainment company
American entertainment company
Ticketmaster
American ticket sales and distribution company
American ticket sales and distribution company
United States Department of Justice Civil Rights Division
Federal institution
Federal institution
Arun Subramanian
American federal judge
American federal judge
Manhattan
Borough of New York City, New York, United States
Borough of New York City, New York, United States