Live Nation settles government antitrust suit — and dodges a breakup
On Monday, Live Nation-Ticketmaster agreed to settle a federal antitrust lawsuit with the Department of Justice. Eight states so far have indicated they plan to join the settlement, a district attorney said in court, and four others remain unclear on their status. The case alleged that it illegally monopolized parts of the live events industry, leading to higher ticket prices for consumers and locking venues into exclusive deals. Under the terms of the settlement shared by Live Nation, the deal won't force it to split off from Ticketmaster.
27 states and DC will continue pushing their case, and have already filed for a mistrial.
The deal ...