Jury Finds Live Nation Acted as an Illegal Monopoly
Penalties against the live-music industry giant will be decided at a later date
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Penalties against the live-music industry giant will be decided at a later date
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Consequences could range from heavy monetary damages to a possible breakup of Live Nation and Ticketmaster
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After the blockbuster trial that went from the U.S. Department of Justice to 34 states, a jury has decided that Live Nation Entertainment and its subsidiary Ticketmaster illegally held monopoly power in the ticketing market. The jurors came to their…
A jury found Wednesday (April 15) that Live Nation and Ticketmaster violated federal and state antitrust laws by dominating the live music industry, capping off a blockbuster trial with a verdict that could ultimately see the two concert giants broken…
The ruling has major implications across the live music business, as a judge will now decide on remedies, which could include a breakup of Live Nation and Ticketmaster.
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