"The jury's verdict is not the last word on this matter. The verdict brings no immediate relief for concertgoers. But the states view it as a step toward opening the market to other companies in a way that will enhance competition and could slightly lower prices."
"There might be a few extra dollars that will come trickle down at consumers who bought tickets through Live Nation. Whether ticket prices will go down in the long run, I think it largely depends."
"Beyond the hundreds of millions that Live Nation could be ordered to pay, possible sanctions could force the company to sell off some of its venues."
A federal jury in New York determined that Live Nation, parent company of Ticketmaster, has been operating a harmful monopoly over large venues in the U.S. The lawsuit, initially led by the U.S. government, accused the company of stifling competition. The jury found that Ticketmaster overcharged customers by $1.72 per ticket in 22 states, which could lead to significant financial penalties. While the verdict does not provide immediate relief for concertgoers, it may pave the way for increased competition and potentially lower prices in the future.
Read at Fast Company
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