"The verdict has the potential to reshape the live music industry in the U.S. But the fight isn't over. States' attorneys general now have to argue in favor of specific remedies and financial penalties."
"One remedy that many ticketing advocates and Democratic lawmakers want is for the government to force the breakup of Live Nation and Ticketmaster, which merged in 2010."
"Rebecca Haw Allensworth, a visiting professor at Harvard Law School, said a verdict from a jury is generally harder to fight successfully than one from a judge."
"Live Nation said in a statement that the jury's verdict is not the last word on this matter and that it can and will appeal any unfavorable rulings."
A federal jury determined that Ticketmaster and Live Nation operate as a monopoly, hindering competition and overcharging consumers. This verdict serves as a legal victory for 33 states and Washington, D.C., who accused the companies of dominating various aspects of the live entertainment sector. While the ruling could transform the industry, further legal proceedings are necessary to establish specific remedies and penalties. Advocates are pushing for the breakup of the merged entities, but Live Nation plans to appeal the verdict and contest ongoing motions.
Read at www.npr.org
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