Live Nation verdict is in
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Jury finds that Ticketmaster and Live Nation had an anticompetitive monopoly over big concert venues
A jury has found that concert giant Live Nation and its Ticketmaster subsidiary engaged in an anticompetitive monopoly.
Punishing Live Nation and Ticketmaster for their success won't substantially lower primary ticket prices and will do nothing to address scalping.
A jury in a high-stakes antitrust trial on Wednesday found that Live Nation and its subsidiary, Ticketmaster, illegally maintained monopoly power in the ticketing market
The live events and ticketing giant, which controls roughly 70%-80% of major live‑event tickets, previously settled with the DOJ.
Bruno Mars tickets running for $2,000 and ones for SZA costing $600 caught California lawmakers' attention. They're advancing two bills targeting the resale market.
Live Nation Entertainment Inc. has borrowed about €630 million ($742 million) in the private debt market to help finance its global investment in concert venues, people with knowledge of the matter said.
The Live Nation verdict on Wednesday (April 15) led to reactions from several music industry organizations representing venues, artists and more.