"A jury in New York federal court just ruled that Live Nation and Ticketmaster illegally dominated the live events industry, vindicating everyone who's ever punched their computer screen while buying concert tickets."
"The Justice Department and 39 state attorneys general sued Live Nation in 2024, alleging its control of virtually every aspect of the live music ecosystem harmed fans, artists and venues."
"Mid-trial, the DOJ cut a secret settlement requiring Live Nation to cap service fees at 15% and allow competitors like SeatGeek to sell tickets to its events."
"More than two dozen states rejected the settlement and pushed for trial anyway, securing the monopoly verdict."
A jury in New York federal court ruled that Live Nation and Ticketmaster illegally dominated the live events industry. The Justice Department and 39 state attorneys general sued Live Nation in 2024, claiming its control harmed fans, artists, and venues. A mid-trial settlement required Live Nation to cap service fees at 15% and allow competitors to sell tickets. More than two dozen states rejected this settlement, leading to the monopoly verdict. The effectiveness of the fee cap in making tickets affordable remains uncertain.
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