politics
Ticketmaster is an illegal monopoly, jury finds
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TL;DR
- A jury found Live Nation-Ticketmaster guilty of illegal monopolization in the live event ticketing and amphitheater markets.
- The verdict also found the company guilty of illegally tying its concert promotions business with venue usage.
- This decision could lead to a breakup of Live Nation-Ticketmaster, a stated goal of the lawsuit.
- The company faces potential breakup and damages, with the judge to decide on remedies.
- The lawsuit was initially filed by the Biden administration's Department of Justice and continued by 34 state attorneys general.