Ticketmaster, Live Nation Settle Antitrust Suit
Mesa News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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The Department of Justice has settled its antitrust lawsuit against Ticketmaster and Live Nation, aiming to break up practices that limited competition in ticketing and promotions. Key changes include Live Nation divesting amphitheaters and ending exclusive rules, while Ticketmaster must now allow venues to sign non-exclusive deals with other ticket sellers. The companies also have to open their technology platform to rivals, following years of complaints about dominance and price hikes. Live Nation will pay damages and face reforms, with support from thirty-nine states and Washington, D.C.
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