Live Nation-Ticketmaster is an illegal monopolist, a Manhattan jury found, according to Bloomberg. The jury found the company liable on three counts: illegally monopolizing the market for live event ticketing, amphitheaters, and tying its concert promotions business with the use of its venues, Bloomberg reported. The verdict, reached after several days of deliberation, leaves the […]
Live Nation, which operates the Ticketmaster platform, has been determined to be a monopoly . A federal jury handed down its decision today that the company violated federal and state antitrust rules. This finding won't surprise anyone who has used Ticketmaster and been sticker-shocked by their final bill. However, it's unclear what the jury’s decision will mean in practice. For starters, the judge overseeing the case hasn't determined what remedies will be applied. The actions could go as far as requiring Live Nation to sell off Ticketmaster. There are also monetary damages to be awarded, which haven't been set yet. And whatever the judge decides, it's likely that Live Nation will appeal the decision. In a statement released by Live Nation today, the company noted that there are other motions still pending that could also impact the jury's ruling. "Of course, Live Nation can and will appeal any unfavorable rulings on these motions," it said. The Department of Justice and a group of state and district attorneys general sued Live Nation on monopoly claims in 2024. The government agency reached a settlement with Live Nation last month, but the other parties continued their action. There's also a separate case being waged by the Federal Trade Commission questioning whether Live Nation colluded with ticket resellers . Update, April 15, 2025, 6:31PM ET: Added statement from Live Nation. This article originally appeared on Engadget at https://www.engadget.com/entertainment/music/federal-jury-finds-concert-business-live-nation-is-a-monopoly-203924011.html?src=rss
