US EditionLive Nation Antitrust Trial Resumes Monday on State Claims After Settlement Talks Break Down
Live Nation agrees to reforms including a 15% service-fee cap at amphitheaters and a $280 million settlement fund to address antitrust claims by the U.S. Department of Justice.
- Live Nation and the DOJ reached a tentative deal Monday in New York to settle monopoly charges, creating a $280 million settlement fund amid a civil trial that began earlier this month.
- The civil trial, which began earlier this month, was interrupted this week when the DOJ and Live Nation announced a settlement amid recent leadership changes at the DOJ last month.
- Under the term sheet, promoters at amphitheaters may distribute up to 50% of tickets, Live Nation pledged a 15% service fee cap, and Ticketmaster must support third-party sales at opted-in venues.
- Five states reached similar settlements with Live Nation while the majority oppose the DOJ deal, which a DOJ spokesperson said would ‘open up’ the ticketing marketplace .
- Legal analysts note that the settlement still needs Judge Arun Subramanian’s approval, the trial resumes next week, and Kenneth Dintzer said states can keep litigating to break up Live Nation.
22 Articles
22 Articles
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Live Nation Ticketmaster Antitrust Fight Explodes After DOJ Deal
Republican state attorneys general are criticizing the Justice Department’s sudden settlement with Live Nation and Ticketmaster, arguing the deal leaves the company’s market dominance largely untouched and pledging to continue their antitrust challenge. Tennessee Attorney General Jonathan Skrmetti said the coalition of states pursuing the case remains committed to pushing forward despite the federal government’s decision to settle. “Our resolve …
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