What concertgoers should know about the Live Nation and Ticketmaster verdict
AP News
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Music lovers who have long complained about Ticketmaster fees for concert tickets are surely reveling in a jury verdict that found its parent company Live Nation has been running a harmful monopoly over big venues.
But they will have to wait to see if the verdict leads to changes that make concerts more affordable.
The lawsuit led by more than 30 states accused Live Nation of smothering competition.
A federal jury in Manhattan found that Ticketmaster had overcharged customers $1.72 per ticket in 22 states, which a judge could order the company to pay back.
That could cost Live Nation hundreds of millions of dollars.
Jury Finds Live Nation Monopoly
- Ticketmaster found guilty of illegal US live events monopoly Reuters —
- What to know about Live Nation verdict and effect on concertgoers Boston Globe —
- Live Nation, parent company of the events giant Ticketmaster, found guilty of illegal monopoly in the US Le Monde —
- Ticketmaster owner Live Nation maintains an illegal monopoly, jury says in bombshell verdict NY Post —
- Live Nation Monopolized Ticket Sales, Jury Says. The Stock Drops. Barrons —