Live Nation settles government antitrust suit — and dodges a breakup
Source: The Verge
Live Nation settles government antitrust suit — and dodges a breakup
On Monday, Live Nation‑Ticketmaster agreed to settle a federal antitrust lawsuit with the Department of Justice. A district attorney said in court that eight states have indicated they plan to join the settlement, while four others have not yet clarified their status. The case alleged that the company illegally monopolized parts of the live‑events industry, leading to higher ticket prices for consumers and locking venues into exclusive deals.
Under the terms of the settlement shared by Live Nation, the deal does not require the company to split off from Ticketmaster.
Ongoing state actions
- 27 states and the District of Columbia will continue pursuing their own case and have already filed for a mistrial.