Live Nation Ruled an Illegal Monopoly

In a major blow to the live entertainment industry, a New York jury ruled that Live Nation-Ticketmaster used its dominant market position to stifle rivals and inflate ticket prices.

The lawsuit, brought by dozens of states, accused the company of leveraging its control over major venues to force artists into exclusive deals.

While Live Nation has vowed to appeal, the verdict has been hailed by consumer advocates as a total victory for concertgoers.

Legal experts suggest that potential remedies could include the forced divestiture of Ticketmaster or significant fines.