"The civil case accused Live Nation of using its reach to smother competition by blocking venues from using multiple ticket sellers. 'It is time to hold them accountable,' said Jeffrey Kessler, a lawyer for the states, who described Live Nation as a 'monopolistic bully' that drove up prices for ticket buyers."
"Live Nation argued it's not a monopoly, asserting that artists, sports teams, and venues decide prices and ticketing practices. A company lawyer stated, 'Success is not against the antitrust laws in the United States,' emphasizing that their size is a result of excellence and effort."
A jury determined that Live Nation and Ticketmaster hold a harmful monopoly over major concert venues, leading to a lawsuit from multiple U.S. states. The case revealed how Live Nation allegedly stifles competition by preventing venues from using various ticket sellers. The judge instructed both parties to collaborate on a schedule for the remedies phase. Live Nation claims its market dominance results from excellence, while critics label it a 'monopolistic bully' that raises ticket prices for consumers. The company controls a significant portion of the concert market.
Read at www.cbc.ca
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