Live Nation, Ticketmaster found to be illegal monopoly
A jury has found that Live Nation and Ticketmaster operated as an illegal monopoly, overcharging fans in violation of U.S. antitrust law. The verdict in federal court in New York is a win for states that pursued a lawsuit after the Department of Justice reached a settlement with the company. It could have "far-reaching consequences in the music industry," as a U.S. district judge determines monetary damages and other possible remedies.
A jury has found that Live Nation and Ticketmaster operated as an illegal monopoly, overcharging fans in violation of U.S. antitrust law. The verdict in federal court in New York is a win for states that pursued a lawsuit after the Department of Justice reached a settlement with the company. It could have "far-reaching consequences in the music industry," as a U.S. district judge determines monetary damages and other possible remedies.
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