Summary
A New York jury decided that Live Nation and its ticket-selling subsidiary Ticketmaster had a harmful monopoly over big concert venues in the United States. The jury found that Ticketmaster overcharged consumers and restricted competition, leading to possible penalties and changes to the company’s business.
Key Facts
- A federal jury in Manhattan ruled against Live Nation and Ticketmaster for having a monopoly that hurt consumers.
- Ticketmaster was found to have overcharged $1.72 per ticket in 22 states.
- Live Nation owns, operates, or has interests in hundreds of concert venues.
- The companies could face hundreds of millions of dollars in damages and penalties.
- The court may order Live Nation to sell some venues or businesses to increase competition.
- The case was brought by dozens of US states and began under the Biden administration’s Justice Department.
- The Trump administration settled its claims with Live Nation early in the case, with some limits set on fees and ticket-selling options.
- Live Nation and Ticketmaster control a large share of the concert and live event ticket market in the US.
