Ticketmaster and Live Nation had monopoly over big concert venues, jury finds
Summary
A jury has decided that Live Nation and its Ticketmaster unit hold a monopoly over major concert venues. This ruling came after a lawsuit from many U.S. states claiming the company controls the live entertainment market unfairly.Key Facts
- A Manhattan federal jury took four days to reach the decision.
- The lawsuit was brought by dozens of U.S. states.
- The case focused on Live Nation and Ticketmaster's control over large concert venues.
- The judge asked both sides and the U.S. government to work together on the next steps.
- They must submit a plan for future legal motions and how to fix the problem by next week.
- The case shows concerns about one company dominating the live entertainment business.
- The decision is part of ongoing government efforts to address monopolies.
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