States ask court to break up Live Nation, Ticketmaster
The states seek to force Ticketmaster’s sale and demand fan compensation after a jury found Live Nation illegally monopolized ticketing and amphitheaters.
- On Thursday, thirty-three states and the District of Columbia filed a motion in U.S. District Court seeking to break up Live Nation and Ticketmaster, demanding fan compensation, stricter industry controls, and forced asset sales.
- A landmark April verdict in New York found Live Nation and Ticketmaster operate as an anti-competitive monopoly, following a six-week trial that revealed the company coerced venues with threats of losing access to major acts.
- Executive vice-president Dan Wall plans to fight the breakup, calling it "impossible legally and a terrible idea," while arguing Live Nation controls only 20 per cent of the primary ticketing market.
- In March, CEO Michael Rapino met with Trump White House officials and reached a tentative settlement with the DOJ, but thirty-three states and the District of Columbia rejected the deal to pursue trial remedies instead.
- Legal arguments over the proposed breakup are not expected for several months, with the case likely taking at least a year to conclude, as Senator Richard Blumenthal continues criticizing the "misuse and abuse" of dominance.
10 Articles
10 Articles
States ask court to break up Live Nation, Ticketmaster
A group of more than 30 state attorneys general asked a court Thursday to break up Live Nation and Ticketmaster, after a jury found last month that the ticketing giants held an illegal monopoly in the live entertainment industry. The states are seeking an order that would require Live Nation to divest Ticketmaster, in addition...
States ask judge to break up Live Nation-Ticketmaster
A federal judge is officially being tasked with deciding whether to break up Live Nation-Ticketmaster. More than 30 states are asking Judge Arun Subramanian to order a sale of the ticketing giant, a "sufficient number" of large amphitheaters, and limit its ability to tie access to its remaining amps to the use of its promotions services. In April, a jury found that the company is an illegal monopolist, after more than a month of trial. The initi…
Live Nation should be forced to sell Ticketmaster and a bunch of amphitheaters, say the states that pursued antitrust litigation
The US states that successfully sued Live Nation and its Ticketmaster subsidiary for breaches of US competition law have submitted their sanctions wishlist to the judge overseeing the case. They insist that the judge should now order Live Nation to sell off Ticketmaster and a bunch of its amphitheater venues to bring to an end the live music giant’s unlawful, and surely unfair and unscrupulous, monopoly. According to US Supreme Court precedent, …
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