US EditionTrial that could lead to the breakup of Ticketmaster’s parent company gets underway
The U.S. Justice Department and 39 states accuse Live Nation and Ticketmaster of monopolizing concert promotion and ticketing, impacting prices and competition, with trial evidence set for six weeks.
- On Tuesday the civil antitrust trial over Live Nation and Ticketmaster began in Manhattan, with jurors set to hear evidence over the next six weeks, as the DOJ questions their monopoly claims.
- The case was filed in 2024 by the U.S. Department of Justice and a coalition of U.S. states, alleging Live Nation used a self-reinforcing 'flywheel' of exclusive deals to stifle rivals.
- DOJ attorneys told jurors that Live Nation's share is 86%, citing the 2022 Taylor Swift presale crash as evidence and saying `It is controlled by a monopolist`, while Live Nation disputes this, claiming a 40% market share, Marriott argued.
- If the government wins, it could force structural changes such as a sale of Ticketmaster, while state plaintiffs seek reimbursements that could total several hundred million dollars.
- Observers warn the U.S. ruling could reverberate in Canada and beyond, as experts say it may prompt closer scrutiny by Canada's Competition Bureau and Consumers Council of Canada; Taylor Swift's six Toronto shows generated $282 million in economic activity, showing the case's international impact.
45 Articles
45 Articles
"Quebec is in a strange situation" in front of the company, according to an observer from the community.
F-bombs and a vanishing Billie Eilish concert: Ex-arena exec describes ‘retaliation’ for booting Ticketmaster
Outside the Barclays Center in Brooklyn, NY. Evan Bernstein/Getty Images Trial testimony began Wednesday in the DOJ’s effort to split Ticketmaster from Live Nation. The government’s first witness was the ex-CEO of the Barclays Center arena in Brooklyn, NY. He described threats and retaliation by Live Nation when he switched from Ticketmaster to SeatGeek. In 2021, the Barclays Center arena — home to the Brooklyn Nets and concerts ranging from Di…
F-bombs and a vanishing Billie Eilish concert: Ex-arena exec describes 'retaliation' for booting Ticketmaster
Outside the Barclays Center in Brooklyn, NY.Evan Bernstein/Getty ImagesTrial testimony began Wednesday in the DOJ's effort to split Ticketmaster from Live Nation.The government's first witness was the ex-CEO of the Barclays Center arena in Brooklyn, NY.He described threats and retaliation by Live Nation when he switched from Ticketmaster to SeatGeek.In 2021, the Barclays Center arena — home to the Brooklyn Nets and concerts ranging from Disney o…
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