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Live Nation is in fact a monopoly, federal jury rules
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Live Nation is in fact a monopoly, federal jury rules

Mashable·Mashable·about 2 months ago
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Live Nation, parent company of infamous live event ticket platform Ticketmaster, has violated federal and state antitrust laws in its dominance of the market, a federal jury ruled Wednesday. A judge will choose what remedy fits the crime, which could include forcing a breakup of Live Nation and Ticketmaster, the New York Times reported. Live Nation will be ordered to pay monetary damages, as well. SEE ALSO: Parents are turning their teens' texts into AI emo songs The industry has been waiting for this decision for years, following the federal government's 2024 filing alleging the company uses "unlawful, anticompetitive conduct," including long-term exclusive contracts with venues and threats of financial retribution against venues and artists, to retain a "monopolistic control" over the live entertainment market. "The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services.…

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