Live Nation Found Liable in Antitrust Trial Over Ticketing Monopoly
A Manhattan federal jury found Live Nation liable for violating antitrust laws in a case brought by the U.S. Department of Justice and nearly 40 states. The verdict says the Ticketmaster parent company illegally monopolized parts of the live events and ticketing markets.
The decision opens the door for states and federal officials to seek remedies that could limit Live Nation’s power, including a possible breakup of the company or a sale of Ticketmaster. Live Nation is expected to appeal the ruling.
California’s attorney general called the verdict a historic victory for artists and fans. The case was decided after a six-week trial in New York federal court.
The jury found that Live Nation violated antitrust laws and illegally monopolized ticketing and live events markets.
Officials may ask for remedies such as limits on Live Nation’s power, a breakup, or a sale of Ticketmaster. Live Nation is also expected to appeal.
The lawsuit was brought by the U.S. Department of Justice and nearly 40 states.
The ruling could change how Live Nation runs its ticketing business and may affect the company’s future structure and operations.
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