Federal Jury Finds Live Nation and Ticketmaster Operated Illegal Monopoly
A federal jury in New York found that Live Nation and its subsidiary Ticketmaster operated an illegal monopoly in the concert and ticketing industry. The verdict, following a five-week trial, could lead to the breakup of the companies and has significant implications for the music industry. The jury determined that Ticketmaster overcharged consumers by $1.72 per ticket.
Tickers: $LYV
Topics: antitrust court ruling Live Nation monopoly regulatory action Ticketmaster