A New York jury found that Live Nation and its subsidiary Ticketmaster violated federal and state antitrust laws by monopolizing the ticketing market. The U.S. Department of Justice and dozens of state attorneys general alleged that the company had engaged in unlawful conduct across the live entertainment industry, causing increased ticket pricing, limiting the power of performers, and preventing rivals from expanding. Although the jury found the company overcharged by $1.72 per ticket at “major concert venues” in plaintiff states, U.S. District Judge Arun Subramanian will determine other remedies. The federal government had previously made a deal with the company weeks after Gail Slater, the Justice Department’s top antitrust official, left the agency.
Source Regulatory Review
