"Justice Department lawyers announced Monday that they'd reached a settlement in their antitrust lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, in a case that alleged an illegal monopoly over live events in America. But it remained possible that some states might continue a trial on their own."
"The case, brought under President Joe Biden's Democratic administration in 2024, accused Live Nation of using threats, retaliation and other tactics to 'suffocate the competition' by controlling virtually every aspect of the industry, from concert promotion to ticketing."
"The announcement by the Justice Department at the start of the trial in federal court in Manhattan was greeted angrily by Judge Arun Subramanian, who said no one informed him of the tentative deal until late Sunday even though a term sheet for a possible settlement was signed on Thursday."
The Justice Department announced a settlement in its antitrust case against Ticketmaster and parent company Live Nation Entertainment, alleging illegal monopoly control over live events in America. The settlement announcement at the start of trial in Manhattan federal court drew judicial criticism for lack of timely notification to the judge. States including the District of Columbia requested a mistrial, with Texas expressing serious concerns about the deal. Live Nation opposed the mistrial and advocated for trial continuation. The case, filed in 2024, accused Live Nation of using threats, retaliation, and other tactics to suppress competition and inflate ticket prices by controlling concert promotion and ticketing operations.
#antitrust-lawsuit #ticketmaster-monopoly #live-nation-entertainment #concert-industry-competition #justice-department-settlement
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