US EditionLive Nation settles antitrust case with DOJ, avoids Ticketmaster breakup
Live Nation will pay $280 million in damages and implement reforms including venue divestitures and opening Ticketmaster’s platform to competitors, resolving claims of monopolistic practices.
- 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.
219 Articles
219 Articles
Trump's DOJ reaches agreement with Ticketmaster to lower prices — but some states already reject it
The U.S. Dept. of Justice said it had reached a tentative deal in the antitrust lawsuit against Ticketmaster and Live Nation Entertainment on Monday.Critics of the event ticket outlet have accused the company of seeking a monopoly in the industry in order to artificially maintain high sales fees.'We will continue our lawsuit to protect consumers and restore fair competition to the live entertainment industry.'"Live Nation Ticketmaster created a …
Trump admin settles another lawsuit 'while no one's looking'
The Trump Justice Department on Monday reportedly reached a tentative deal with Live Nation—the owner of Ticketmaster—to settle a Biden-era antitrust lawsuit that aimed to break up the company, accusing it of illegally monopolizing the live entertainment industry.News of the settlement, which would not require a breakup of Live Nation, came days after the trial began, with a lawyer for the Trump Justice Department’s decimated antitrust division …
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