Live Nation Settlement: Limited Changes for Ticket Prices
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Live Nation and the U.S. Justice Department reach a tentative settlement over monopoly charges in the concert ticketing world. The deal allows major venues to partner with rivals for part of their ticket sales, caps service fees at fifteen percent at Live Nations amphitheaters, and offers tech support for other sellers. However, fans and critics argue the changes are too limited, and more than two dozen states plan to push for stronger fixes. The settlement sets aside $280 million for states claims, but only if they sign on. Everything awaits a judges approval, with states asking to restart the trial soon without federal involvement. Experts agree the deal addresses some issues but leaves major problems untouched, like bots snapping up tickets for resale at huge markups.
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