Ticketmaster and Live Nation had monopoly over big concert venues, jury finds
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The Bottom Line
A Manhattan federal jury found Ticketmaster and Live Nation had a monopoly over big concert venues.
How This Affects You
This finding could lead to changes in the live entertainment industry, potentially affecting ticket prices or venue access for consumers.
AI Summary
A Manhattan federal jury found that Ticketmaster and Live Nation had a monopoly over big concert venues. This decision came after four days of deliberation in a closely watched case concerning the companies' dominance in live entertainment across the U.S. The finding indicates that the jury believes the companies unlawfully controlled the market for major concert venues. This outcome could have significant implications for how Ticketmaster and Live Nation operate and for the broader live music industry. It also sheds light on business practices that have drawn scrutiny from fans and regulators.
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A jury on Wednesday found Ticketmaster's parent company Live Nation to be guilty of running a monopoly over large venues across the U.S.
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<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxQZENrSVdhQWlHX2NDOUpvU3dDRXZBSEprMjlvdXBVb0g1RnRpbTBub0hpNXowUDhCRW5wemVlRDl5YkVhcUdhUGpjV3NNQTNrNW5PNFF1VFhIY09OZENMYk5LTVVQN3d1emp1U3pvMXk3YnZwM1dPQTduTGpGeGVNdFVoN0xBRUxqZEptOWhBbzlxS25sYzhKRXFkT1dkSlhOZWhnRnp3c2tyekFaZTlyak1iQ0I?oc=5" target="_blank">Jury reaches no verdict on first day deliberating at Live Nation ticket monopoly trial</a> <font color="#6f6f6f">AP News</font>
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Why a jury found Live Nation and Ticketmaster operated as an illegal monopoly
A jury ruled that Live Nation and Ticketmaster operated as an illegal monopoly. Variety's Jem Aswad joins CBS News with more.
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