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business8h ago
Live Nation illegally monopolized the ticket industry, federal jury finds
Mrf.lu and 25 more
- A Manhattan jury found Live Nation and Ticketmaster liable for illegal monopoly behavior, potentially paving the way for remedies including a breakup of the company.
- Jurors determined that Live Nation's monopoly led to fans being overcharged $1.72 per ticket sold through Ticketmaster from May 2020 to 2024.
- The DOJ and nearly 40 states initially sued to split the Ticketmaster parent company two years ago, with the verdict possibly steering penalties or a court-ordered breakup.
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