Live Nation-Ticketmaster Found Liable for Illegal Monopoly Practices

A Manhattan jury has delivered a verdict finding Live Nation-Ticketmaster liable on three counts, including illegally monopolizing the market for live event ticketing and tying its concert promotions business with venue usage. This ruling could potentially pave the way for the company to be broken up as part of the settlement reached by the Biden administration’s Department of Justice, marking a significant shift from the Trump administration’s outcome of a similar case. The verdict is seen as a major victory for antitrust regulators and consumers who have long complained about Ticketmaster’s stranglehold on the live event ticketing industry.