US Edition
Live Nation settles antitrust case with DOJ, avoids Ticketmaster breakup
The settlement requires Live Nation to divest at least 13 amphitheaters, open Ticketmaster's platform to rivals, and pay $280 million to states, addressing monopoly concerns in live events.
- At a Manhattan trial hearing, court records showed Live Nation Entertainment disclosed a proposed settlement with the U.S. Justice Department, still pending judicial approval.
- The U.S. Justice Department and more than two dozen states sued in May 2024 seeking a Ticketmaster sale after Taylor Swift's 2022 Eras Tour ticket sale and alleged Live Nation abuses of dominance.
- The settlement requires Live Nation to pay roughly $200 million in damages and divest up to 13 amphitheaters, while Ticketmaster must open parts of its technology to SeatGeek and Eventbrite.
- New York Attorney General Letitia James and Massachusetts Attorney General Andrea Campbell said Monday their states will continue litigation, while Judge Arun Subramanian said, 'It shows absolute disrespect for the court, the jury and this entire process'.
- Letitia James said the settlement 'fails to address the monopoly,' while Live Nation countered that the allegations are baseless.
260 Articles
260 Articles
The Post and Courier
The Straits TimesTicketmaster parent Live Nation settles DOJ antitrust case
NEW YORK — Live Nation Entertainment on March 9 settled with the U.S. Justice Department in the middle of a trial on claims the Ticketmaster owner illegally dominated key parts of the live-events industry.
Amy Klobuchar Slams Live Nation Settlement: ‘Every Sign Points to a Backroom Deal’
Amy Klobuchar called out the Department of Justice’s settlement with Live Nation, saying it will do “little to lower costs, preserve venues, or protect fans” in a new interview with Rolling Stone. Speaking hours after the surprise deal was announced, the Minnesota senator expressed her frustration…
The Trump administration blamed the event giant for acting monopolisticly on the market for the organization of shows and ticketing, via its subsidiary Ticketmaster, bought in 2010.
Accused of anticompetitive and monopolistic practices, the event giant avoided the dismantling of its activities, in particular of its subsidiary Ticketmaster. However, many states, which were involved in the proceedings, considered that the corrective measures were insufficient.
DOJ Settles Suit Against Beverly Hills-Based Live Nation Over Ticket Sales
The U.S. Department of Justice Monday announced a tentative settlement of its part of an antitrust lawsuit against Beverly Hills-based Ticketmaster and parent company Live Nation Entertainment over what the DOJ alleged was unlawful dominance over the concert ticket sales industry. The allegations stemmed from a probe into the November 2022 ticket presale debacle for Taylor Swift’s Eras Tour. The lawsuit, filed two years ago in federal court in t…
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