Live Nation Faces Antitrust Ruling, Possible Breakup of Ticketmaster
Live Nation Entertainment Inc. lost a landmark antitrust trial, leading to a potential breakup of its Ticketmaster unit. A federal jury ruled the company monopolized the live events industry and overcharged consumers, with states seeking up to $700 million in penalties. The case was led by a coalition of 33 states and Washington DC.
Topics: antitrust judicial ruling Live Nation monopoly regulatory action Ticketmaster