US jury rules Live Nation is illegal monopoly
Quick Insights
The Bottom Line
A federal jury ruled Live Nation, which owns Ticketmaster, operates as an illegal monopoly.
How This Affects You
This ruling could potentially lead to changes in how concert tickets are sold, possibly affecting ticket prices or availability for consumers.
AI Summary
A federal jury in New York ruled that concert giant Live Nation is an illegal monopoly, finding for the plaintiffs in an antitrust lawsuit. This decision impacts Live Nation, which owns Ticketmaster, a dominant force in the live entertainment industry. The ruling suggests potential legal or regulatory action against the company's business practices. This verdict could lead to significant changes in how concert tickets are sold and how venues operate across the United States.
What's Being Done
A federal jury found for the plaintiffs in an antitrust lawsuit against Live Nation.
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CorporateJury reaches no verdict on first day deliberating at Live Nation ticket monopoly trial - AP News
<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>
CorporateA jury declared Live Nation a monopoly. But ticket prices won't drop just yet
D.C. and 33 states now have to argue in favor of specific remedies and fines, which could be paused if Live Nation appeals. Experts say the long-term impact on ticket prices isn't clear either.
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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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