Live Nation settles government antitrust suit — that probably doesn’t include a breakup

Source: The Verge

On Monday, Live Nation‑Ticketmaster agreed to settle a federal antitrust lawsuit with the Department of Justice. Eight states so far have indicated they plan to join the settlement, a district attorney said in court, and four others remain unclear on their status. The case alleged that it illegally monopolized parts of the live events industry, leading to higher ticket prices for consumers and locking venues into exclusive deals. The terms of the settlement have not yet been made public, but reporting in Politico and Bloomberg suggests that it won’t force Live Nation to split off from Ticketmaster.