Live Nation Settles Monopoly Claims, Tickets May Get Cheaper
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Live Nation, a dominant player in live events, has agreed to sell up to thirteen amphitheaters and limit service fees to 15% following a DOJ settlement. The company must also share its tech with competitors. Critics argue the deal is too lenient, with New Yorks AG refusing to join and pushing for further action. The Justice Department aims to lower costs for fans through this agreement and other measures, such as a presidential order against scalping and bills for upfront total pricing.
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