US EditionLive Nation settles antitrust case with DOJ, avoids Ticketmaster breakup
Settlement lets Live Nation keep Ticketmaster with new competition rules, $200 million in damages, and venue divestitures to address antitrust concerns, DOJ said.
- Live Nation has reached a tentative settlement with the US Justice Department regarding its dominance in the live events industry.
- The DOJ labeled Live Nation a monopoly due to issues arising from the ticket sale for Taylor Swift's Eras tour.
- The settlement includes allowing businesses to use multiple vendors for ticket sales and requires Live Nation to divest 13 concert halls.
- Live Nation will pay $280 million in damages to nearly 40 states involved in the antitrust lawsuit.
326 Articles
326 Articles
Judge Tells Live Nation, State AGs to Negotiate Potential Deal
A judge in Manhattan told Ticketmaster parent company Live Nation on Tuesday to negotiate with a group of U.S. states accusing the live entertainment conglomerate of anticompetitive conduct, a day after the U.S. Department of Justice settled its claims. Scrutiny of the concert giant’s business practices and efforts to recoup money for fans have brought together U.S. states on the political left and right. The mid-trial DOJ settlement has left st…
Ticketmaster, Live Nation settlement unsatisfactory to North Carolina
(The Center Square) – The U.S. Department of Justice, led by Attorney General Pam Bondi, made “a terrible deal” in its settlement with Live Nation and “hid” it “from states until the last minute,” says first-term Democratic Attorney General Jeff…
Live Nation's antritrust settlement could lower concert ticket prices for fans
Live Nation and its ticketing arm Ticketmaster have reached a settlement with the US Department of Justice over claims that the companies monopolised the live events market. The deal will allow venues to sell tickets through competitors such as SeatGeek and StubHub, ending exclusivity contracts, while Live Nation must divest 13 amphitheatres. The agreement stops short of splitting the companies entirely, a key demand of some states. But it repre…
NC Attorney General calls for mistrial after DOJ settles with Live Nation
RALEIGH, N.C. (WNCN) — North Carolina Attorney General Jeff Jackson says the state will continue its antitrust fight against Live Nation after the U.S. Department of Justice reached a surprise mid-trial settlement with the ticketing giant. Jackson and a bipartisan coalition of attorneys general are now asking a federal judge for a mistrial so states can [...]
The Times of Northwest Indiana
Tentative deal reached in Ticketmaster suit
WASHINGTON — The Justice Department said Monday it has tentatively settled its antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment, striking a deal to ultimately lower ticket prices for consumers and end an illegal monopoly over live events…
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