"A jury found what we have long known to be true: Live Nation and Ticketmaster are breaking the law and costing consumers millions of dollars in the process."
"California Attorney General Rob Bonta called the decision 'a historic and resounding victory for artists, fans, and the venues that support them.'"
"Live Nation was also found to have overcharged for tickets sold to consumers from May 2020 through 2024, according to Bonta."
A New York jury ruled that Ticketmaster and Live Nation illegally monopolized the U.S. live events market, impacting over 200 venues. The lawsuit, initiated under President Biden, accused Live Nation of hindering competition by restricting venues from using multiple ticket sellers. The ruling may lead to significant financial penalties and forced selloffs. New York Attorney General Letitia James stated that the verdict confirms Live Nation's illegal practices, while California Attorney General Rob Bonta called it a victory for artists and fans. Potential damages are estimated to be under $350 million.
Read at www.dw.com
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