"If the trial judge approves the settlement, the Beverly Hills-based company will have to open parts of its platform to rival ticketing operators. This means third-party sellers like SeatGeek could list tickets and have access to Ticketmaster's technology."
"The complaint was filed in 2024, when the federal government, 39 states and the District of Columbia, alleged that Live Nation and Ticketmaster have monopolies in various aspects of the live music industry, such as concert promotion, venue operations, artist management and ticketing services."
"Another key claim in the lawsuit concerned Ticketmaster's alleged exclusivity contracts, which required artists who booked Live Nation-owned venues to also use its ticketing services. The settlement now limits these contracts to four years and allows venues to place a number of its tickets on competing platforms."
Live Nation reached a settlement with the Justice Department in an antitrust case that threatened separation from Ticketmaster. The settlement was announced less than a week after trial began in Manhattan federal court, pending judge approval. The federal government and 39 states alleged Live Nation and Ticketmaster held monopolies in concert promotion, venue operations, artist management, and ticketing. Many monopoly claims were dismissed during pretrial hearings. The settlement requires Live Nation to open Ticketmaster's platform to rival ticketing operators like SeatGeek and limits exclusivity contracts requiring artists at Live Nation venues to use Ticketmaster services to four years, allowing venues to place tickets on competing platforms.
#antitrust-settlement #live-nation-ticketmaster #monopoly-regulation #ticketing-industry #competition-policy
Read at Los Angeles Times
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