Jury finds Live Nation monopoly

In a major blow to the live entertainment industry's dominant player, a New York jury found Live Nation Entertainment liable for maintaining an anticompetitive monopoly.

The civil case, compiled by dozens of U.S. states, accused the firm of using its vast reach to smother rivals and gouge consumers with excessive fees.

While the judge has yet to determine specific penalties, the ruling opens the door for a potential court-ordered breakup of the company.

Live Nation is expected to appeal the decision, which could fundamentally reshape how concert tickets are sold globally.