"The verdict leaves the live entertainment giant open to a potential breakup, which was the stated goal of the lawsuit filed by the Biden administration's Department of Justice."
"Jurors heard from Live Nation executives, artists, and rivals, painting a picture of a company that used implicit threats of pulling concerts unless venues used their ticketing services."
"The states sought a broader outcome than the feds achieved, which included agreements that Live Nation would offload exclusive booking arrangements at 13 amphitheaters."
A Manhattan jury ruled that Live Nation-Ticketmaster is an illegal monopolist, potentially leading to a breakup. The lawsuit, initiated by the Biden administration's Department of Justice, sought broader outcomes than a previous settlement reached under the Trump administration. The trial involved testimonies from executives, artists, and rivals, illustrating Live Nation's dominance in the ticketing market. Jurors heard claims of implicit threats to venues and the company's extensive control over outdoor amphitheaters, while Live Nation defended its service quality and competitive practices.
Read at The Verge
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