US EditionPublished • loading... • Updated
Jury finds Live Nation and Ticketmaster operated as a monopoly and overcharged fans
The verdict could force divestitures or conduct changes, and jurors found Ticketmaster overcharged consumers about $1.72 per ticket.
- On Wednesday, a Manhattan federal jury found that Live Nation Entertainment, Inc. and its Ticketmaster subsidiary operated as an illegal monopoly, violating federal and state antitrust laws after a five-week trial.
- The 2024 lawsuit, initially led by the Department of Justice alongside dozens of state attorneys general, alleged that Live Nation's market control harmed consumers, artists, and venues through exclusive booking agreements and predatory practices.
- Internal company messages reviewed by jurors, including one from executive Benjamin Baker boasting of "robbing them blind, baby," showed that Ticketmaster overcharged consumers by $1.72 per ticket.
- While the Trump administration settled its claims last month without forcing a company split, more than 30 states continued litigation, yielding this verdict and triggering a remedies phase for damages and structural relief.
- Judge Arun Subramanian will preside over the upcoming remedies phase to determine damages and potential structural changes, though industry experts expect Live Nation to appeal any court-ordered breakup.
Insights by Ground AI
Podcasts & Opinions
388 Articles
388 Articles
The Billings Gazette+2 Reposted by 2 other sources
Jury: Ticketmaster had large venue monopoly
NEW YORK — A jury found Wednesday that concert giant Live Nation and its Ticketmaster subsidiary had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of U.S. states…
·Billings, United States
Read Full Article
Live Nation and Ticketmaster lose monopoly case
Live Nation and its subsidiary Ticketmaster maintained an illegal monopoly in the ticketing market, a US jury found. A lawsuit brought by several US states accused Live Nation of exploiting its dominance of both venues and promotions to overcharge fans by an average $1.72 a ticket. Live Nation sells about 10 times as many tickets as its nearest competitor, and the verdict could lead to the company being broken up, or paying billions in damages. …
·New York, United States
Read Full ArticleCoverage Details
Total News Sources388
Leaning Left74Leaning Right32Center160Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 28%
C 60%
12%
Factuality
To view factuality data please Upgrade to Premium
