"The jury found Ticketmaster overcharged states by $1.72 per ticket, confirming long-standing complaints about the negative impact of Live Nation's practices on fans and artists."
"State officials said the verdict vindicated common complaints that Live Nation's practices harmed both fans and artists, highlighting the need for competition in the ticket sales market."
A New York federal jury determined that Live Nation and its subsidiary Ticketmaster acted as a monopoly in the ticket sales market. The verdict came after a lawsuit from 38 states and Washington, DC, alleging anti-competitive practices. The jury found that Ticketmaster overcharged states by $1.72 per ticket. State officials stated that the ruling confirmed long-standing complaints about the negative impact of Live Nation's practices on fans and artists. A second trial will address potential remedies, including breaking up the company.
Read at The American Conservative
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