US EditionLive Nation settles antitrust case with DOJ, avoids Ticketmaster breakup
Live Nation will pay $280 million and implement reforms to open Ticketmaster's platform to rivals, while about 40 states still pursue litigation over monopoly concerns.
- At a Manhattan trial hearing, court records showed Live Nation Entertainment disclosed a proposed settlement with the U.S. Justice Department, still pending judicial approval.
- The U.S. Justice Department and more than two dozen states sued in May 2024 seeking a Ticketmaster sale after Taylor Swift's 2022 Eras Tour ticket sale and alleged Live Nation abuses of dominance.
- The settlement requires Live Nation to pay roughly $200 million in damages and divest up to 13 amphitheaters, while Ticketmaster must open parts of its technology to SeatGeek and Eventbrite.
- New York Attorney General Letitia James and Massachusetts Attorney General Andrea Campbell said Monday their states will continue litigation, while Judge Arun Subramanian said, 'It shows absolute disrespect for the court, the jury and this entire process'.
- Letitia James said the settlement 'fails to address the monopoly,' while Live Nation countered that the allegations are baseless.
186 Articles
186 Articles
Live Nation Reached a Deal to Settle DOJ’s Antitrust Lawsuit
Live Nation has lived to see another day as the parent company of Ticketmaster. It avoided being ordered to break up its business by reaching a settlement in the Department of Justice’s antitrust lawsuit. But some states aren’t giving up yet.
Live Nation Reaches Settlement With DOJ in Antitrust Case as States Vow to Continue
The Department of Justice (DOJ) has settled with Live Nation, the parent company of Ticketmaster, in a lawsuit that alleged the company was hindering competition and had a monopoly over ticket sales. Under the agreement, Live Nation must pay up to $280 million in fines, open up ticket sales to competitors, and divest itself of control of 13 concert venues, a DOJ official told reporters on a press call. Ticketmaster, the world’s largest ticket pr…
District Links: DC vows to continue Ticketmaster case as part of multistate coalition; route unveiled for IndyCar race on National Mall; and more
DC Attorney General Brian Schwalb said today that a multistate battle against the dominance of Live Nation and Ticketmaster in the live entertainment industry will continue despite news that the U.S. Department of Justice has reached a tentative settlement with the companies.
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