1 month ago
Live Nation, which operates nan Ticketmaster platform, has been wished to beryllium a monopoly. A national assemblage handed down its determination coming that nan institution violated national and authorities antitrust rules. This uncovering won't astonishment anyone who has utilized Ticketmaster and been sticker-shocked by their last bill. However, it's unclear what nan jury’s determination will mean successful practice.
For starters, nan judge overseeing nan lawsuit hasn't wished what remedies will beryllium applied. The actions could spell arsenic acold arsenic requiring Live Nation to waste disconnected Ticketmaster. There are besides monetary damages to beryllium awarded, which haven't been group yet. And immoderate nan judge decides, it's besides apt that Live Nation will entreaty nan decision. We've reached retired to Ticketmaster for comment.
The Department of Justice and a group of authorities and territory attorneys wide sued Live Nation connected monopoly claims successful 2024. The authorities agency reached a settlement pinch Live Nation past month, but nan different parties continued their action. There's besides a abstracted lawsuit being waged by nan Federal Trade Commission questioning whether Live Nation colluded pinch summons resellers.
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