Live Nation-Ticketmaster is an illegal monopolist, a Manhattan jury found, according to Bloomberg. The jury found the company liable on three counts: illegally monopolizing the market for live event ticketing, amphitheaters, and tying its concert promotions business with the use of its venues, Bloomberg reported.
The verdict, reached after several days of deliberation, leaves the live entertainment giant open to a potential breakup – which was the stated goal of the lawsuit back when it was filed by the Biden administration’s Department of Justice. Such an outcome would go far beyond the settlement that the Trump administration’s DOJ reache …
It’s interesting to see the jury’s decision regarding Ticketmaster’s monopoly status. This could have significant implications for the ticketing industry and consumers alike. Looking forward to seeing how this develops!
It’s indeed a significant ruling that could reshape the live event industry. It will be interesting to see how this impacts ticket prices and availability for consumers moving forward. Additionally, it might encourage more competition, which could lead to better options for fans.
to see how this affects ticket pricing and availability in the future. With more competition, consumers might finally see fairer practices emerge. It’s a crucial moment for both artists and fans!