Live Nation and Ticketmaster Illegally Monopolized Ticketing Market, Jury Finds
The New York Times • • entertainment
Key Points:
- A federal jury found Live Nation, owner of Ticketmaster, guilty of operating as a monopoly in violation of federal and state antitrust laws after a trial in New York.
- The verdict follows four days of jury deliberations and extensive expert testimony in a complex case brought by 34 states.
- Judge Arun Subramanian will decide on remedies, which could include divestitures or a breakup of Live Nation and Ticketmaster, as originally sought by the federal government.
- The jury concluded that Ticketmaster overcharged consumers by $1.72 per ticket, and the judge will determine the total monetary damages owed.
- The outcome could have significant implications for the music industry and is expected to be vigorously contested by Live Nation.
