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Jurors Find Live Nation and Ticketmaster Monopoly Over Major Venues

1 min read
Source: The Guardian
Jurors Find Live Nation and Ticketmaster Monopoly Over Major Venues
Photo: The Guardian
TL;DR

A Manhattan federal jury ruled that Live Nation Entertainment and its Ticketmaster subsidiary maintained a harmful monopoly over large concert venues, accusing them of using market power to stifle competition and overcharge fans—about $1.72 per ticket—with total damages to be determined. Live Nation plans to appeal, and the trial followed a government-led action with a separate DOJ settlement that did not force a split from Ticketmaster. The case spotlighted long-standing fan and artist concerns about fees and access to ticketing.

Topics:entertainmentbusiness#antitrust#business#live-nation#monopoly#ticketmaster#venues
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  1. Live Nation and Ticketmaster had monopoly over big venues, US jury finds  The Guardian
  2. Statement From Live Nation Entertainment  Live Nation Newsroom
  3. Live Nation illegally monopolized ticketing market, jury in antitrust trial finds  NBC News
  4. Live Nation Illegally Monopolized Live Events, Jury Says  Bloomberg.com
  5. Jury finds Live Nation and Ticketmaster operated as a monopoly and overcharged fans  CNN

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