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A jury declared Live Nation a monopoly. But ticket prices won't drop just yet

NPR·Rachel Treisman·about 2 months ago
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A federal jury found that Live Nation and Ticketmaster, which merged in 2010, have been stifling competition and overcharging consumers when it comes to live events. Paul Sakuma/AP hide caption toggle caption Paul Sakuma/AP A federal jury in Manhattan found that Ticketmaster and its parent company, Live Nation, have been acting as a monopoly , stifling competition and overcharging consumers. But that doesn't mean your next concert ticket will automatically be a better deal. Wednesday's verdict is a legal win for the 33 states and Washington, D.C., that accused the company of wielding its immense power over too many aspects of the live entertainment industry, from concert promotion and artist management to venue operations and ticketing services. And it's vindication for the many disgruntled artists , venues and fans who say they have been paying the price. The verdict has the potential to reshape the live music industry in the U.S. But the fight isn't over.…

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