Live Nation Reaches Settlement With DOJ in Antitrust Case as States Vow to Continue
Business,Arts And Entertainment,Justice Department,Antitrust,Monopoly,Settlements,Ticketmaster,Music,Concerts,Taylor Swift,Culture
From the Right
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The Department of Justice (DOJ) has settled with Live Nation, the parent company of Ticketmaster, in a lawsuit that alleged the company was hindering competition and had a monopoly over ticket sales.
Under the agreement, Live Nation must pay up to $280 million in fines, open up ticket sales to competitors, and divest itself of control of 13 concert venues, a DOJ official told reporters on a press call.
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