#1 out of 1,0555.56%
business6h ago
Live Nation and Ticketmaster Held Illegal Monopoly in Ticketing Market, Jury Finds
Variety.com and 19 more
- A Manhattan federal jury found Live Nation and Ticketmaster maintained a harmful monopoly over large concert venues, signaling a major antitrust setback for the industry.
- The verdict found that consumers paid more than a competitive market would allow, underscoring an anticompetitive effect in ticket sales.
- Internal messages described pricing as "outrageous" and boasted of customers being "robbed them blind, baby," illustrating alleged pricing practices.
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