DOJ Settles Live Nation, Ticketmaster Monopoly Case
Orlando News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Department of Justice has reached a settlement with Live Nation and Ticketmaster, ending a two-thousand-twenty-four lawsuit alleging an illegal monopoly on live music events. The deal involves Live Nation selling thirteen amphitheaters and stopping exclusive ticketing agreements, while Ticketmaster must allow venues to sign non-exclusive deals. This comes after fans complained about high ticket prices and limited choices, as seen in the two-thousand-twenty-two Taylor Swift Eras Tour debacle. The merger of Live Nation and Ticketmaster in two-thousand-ten created the worlds largest ticket seller, leading to past tactics that kept rivals out. Live Nation will pay around two-hundred million dollars in damages and share its tech platform with competitors to boost options for everyone.
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