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What the Live Nation Settlement Would Mean for Concertgoers — and Why some Say It Isn't Enough
Live Nation must divest ownership or control of 13 venues nationwide but can keep ticketing contracts; Bangor's Maine Savings Amphitheater operations remain unaffected, officials said.
- On Monday, the Department of Justice reached a tentative settlement with Live Nation to resolve antitrust charges, requiring key operational changes while stopping short of splitting the company from Ticketmaster.
- Federal regulators initially sued to split Live Nation from Ticketmaster, alleging the company's monopoly on the live concert market stifled competition and drove up consumer prices.
- The agreement mandates that Live Nation divest control from 13 concert venues, including the Maine Savings Amphitheater, and caps service fees at 15% for amphitheaters.
- New York Attorney General Letitia James and officials from over two dozen states pledged to continue litigation, arguing the $280 million settlement fund is insufficient.
- Industry experts, including Bill Werde, director of Syracuse University's Bandier music business program, expressed skepticism that the settlement will significantly lower ticket prices, citing the unregulated reselling market.
17 Articles
17 Articles
What the Live Nation settlement would mean for concertgoers -- and why some say it isn't enough
Live Nation and the U.S. government announced a deal this week that they say would give artists and venues more choice when it comes to selling concert tickets to music fans. But critics say meaningful changes are far from guaranteed.
Associated Press News
What the Live Nation settlement would mean for concertgoers — and why some say it isn't enough
Live Nation and the U.S. government struck a deal this week that they say would give artists and venues more choice when it comes selling concert tickets to music fans.
Live Nation antitrust settlement won’t impact Bangor amphitheater, owner says
A federal lawsuit settlement with Live Nation will have minimal impact on Bangor’s Maine Savings Amphitheater and will not force a sale, according to the venue. A terms sheet released Monday as part of a tentative Justice Department settlement in the antitrust lawsuit against Ticketmaster and Live Nation said the entertainment company must “divest ownership and/or control” from a list of 13 concert venues, including Maine Savings Amphitheater. H…
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