"Slack messages revealed Live Nation employees discussing price increases with disdain for customers, with one employee stating, 'These people are so stupid,' and another saying, 'Robbing them blind baby.'"
"The DOJ settlement requires Live Nation to pay a $280 million fine and divest at least 13 venues, allowing competing promoters to book those venues."
The Department of Justice and 40 state attorneys general sued Live Nation for monopolistic practices following its merger with Ticketmaster in 2010. The lawsuit claims this merger stifled competition, leading to questionable pricing models that harm consumers. A federal jury recently found Live Nation to be operating as an illegal monopoly. As part of a tentative settlement, Live Nation will pay a $280 million fine and divest venues to allow competition. The ongoing litigation may lead to better pricing for concertgoers.
Read at TechCrunch
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