US Ticketmaster and Live Nation had an anticompetitive monopoly over big concert venues, jury fin…

Explore the latest developments concerning US Ticketmaster and.

US Ticketmaster and Live Nation had an anticompetitive monopoly over big concert venues, jury finds

Add articles to your saved list and come back to them anytime.

New York: A jury has found that concert giant Live Nation and its Ticketmaster subsidiary had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of US states and the District of Columbia.

A Manhattan federal jury deliberated for four days before reaching its decision Wednesday in the closely watched case, which gave fans the equivalent of a backstage pass to a business that dominates live entertainment in the US and beyond.

“It’s a great day for antitrust law,” a jubilant attorney, Jeffrey Kessler, said as he emerged from the courthouse.

Live Nation illegally monopolized ticketing market, jury in antitrust trial finds

A jury in a high-stakes antitrust trial found Wednesday that Live Nation and its subsidiary Ticketmaster illegally maintained monopoly power in the ticketing market.

Jurors delivered the verdict in federal court in New York City after around five weeks of trial, which featured testimony from dozens of witnesses. The jury began deliberating Friday.

The complaint, initially brought by the Justice Department and dozens of state attorneys general in 2024, claimed Live Nation monopolized the industry by controlling ticketing, concert booking, venues and promotions.

The lawsuit alleged that the company engaged in “anticompetitive conduct,” resulting in fans’ paying higher fees, artists’ having fewer options for touring and venues’ being coerced to use Ticketmaster.

The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

For more detailed information, explore updates concerning US Ticketmaster and.

For more news…