Live Nation Ruled a Monopoly

The jury's decision marks a major defeat for Live Nation, which has long faced criticism for its control over the live music industry.

Evidence presented during the trial suggested that the company made venue access conditional on artists using its promotion services, effectively stifling competition.

Several U.S. states brought the lawsuit, seeking damages and a fundamental restructuring of how tickets are sold.

While Live Nation plans to contest the verdict, the ruling could lead to lower ticket prices and more choices for concertgoers across the country.