States push for drastic breakup of Live Nation-Ticketmaster as judge weighs fate of industry giant
More than 30 states are seeking a federal judge to dismantle the Live Nation-Ticketmaster empire, with the aim of breaking up the company into smaller entities and limiting its control over the ticketing market. The request comes after a jury found the combined entity guilty of monopolistic practices in April, marking a significant victory for antitrust regulators. However, the proposed initial remedies, which are currently being reviewed by the court, do not extend to other parts of Live Nation’s business, sparking concerns among lawmakers and consumer advocates.