#1 out of 1,05211.11%
business6h ago
Live Nation and Ticketmaster Held Illegal Monopoly in Ticketing Market, Jury Finds
Variety.com and 21 more
- A Manhattan federal jury found Live Nation and Ticketmaster operated as a monopoly that harmed consumers and overcharged ticket buyers.
- The verdict follows antitrust scrutiny, with officials saying Live Nation controls too much of the live music ecosystem to the detriment of venues, artists and fans.
- The verdict could cost Live Nation and Ticketmaster hundreds of millions of dollars, including overcharges in 22 states.
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