Live Nation Settles Federal Antitrust Lawsuit, Avoids Breakup
Live Nation-Ticketmaster has agreed to settle a federal antitrust lawsuit with the Department of Justice, avoiding a breakup. The settlement includes up to $280 million in damages and requires Live Nation to open its venues to all promoters and cap service fees at 15%. However, 27 states and DC are expected to continue their legal battle.
Tickers: $LYV
Topics: antitrust DOJ Live Nation regulation settlement Ticketmaster