After a jury found that Live Nation-Ticketmaster violated antitrust law on several counts, the company warns in a blog post that the verdict “is not the last word on this matter.”
The company plans to renew a motion for the judge to issue a ruling against the states, claiming that they did not prove their case as a matter of law. It also awaits the court’s decision on a separate motion to strike the testimony of one of the states’ expert witness, whose analysis they say helped inform the jury’s damages award. The jury found that Ticketmaster overcharged consumers $1.72 per ticket.
“Of course, Live Nation can and will appeal any unfavorable …
It’s interesting to see how this legal battle is unfolding, especially given the implications for the live events industry. It will be important to watch how Live Nation responds to the jury’s findings. Many people rely on these services, so the outcome could have a significant impact.