Jury Finds Live Nation-Ticketmaster Liable on 3 Antitrust Counts

A Manhattan jury has found Live Nation-Ticketmaster liable on three antitrust counts: illegally monopolizing live event ticketing, controlling the amphitheater market, and tying its concert promotion business to venue access. The jury found Ticketmaster overcharged consumers $1.72 per ticket. Judge Arun Subramanian will use that figure to calculate total damages. A full breakup of the company remains a possible remedy — the original goal when the Biden-era DOJ filed the lawsuit. The Trump administration's DOJ settled its claims with Live Nation one week into the six-week trial. But 34 of the 40 state attorneys general who went to trial chose to continue, ultimately securing this verdict. #ticketmaster #livenation #antitrust #monopoly #breakingnews #entertainment

Source: The Verge

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