Jury Finds Ticketmaster Live Nation Monopoly Anticcompetitive
A Manhattan federal jury has found that concert giant Live Nation and its Ticketmaster subsidiary engaged in a harmful monopoly over live event venues. This decision, reached after four days of deliberation, concluded a lawsuit brought by dozens of U.S. states. The verdict could result in significant financial penalties for the companies, potentially reaching hundreds of millions of dollars due to overcharging consumers. Furthermore, sanctions could compel Live Nation to divest certain assets, including venues they own.
John Q. Hosedrinker