Live Nation reaches settlement in US monopoly case

Live Nation, the concert giant that includes Ticketmaster, has reached a tentative settlement with the US Justice Department in an anti-trust case targeting its dominance of the live events industry.

The case was triggered by the chaotic ticket sale for Taylor Swift's Eras tour, which prompted the Justice Department to label Live Nation a monopoly that controlled virtually all live entertainment in the US.

During testimony last week, witnesses alleged the company had threatened to retaliate against concert venues if they did not use Ticketmaster's services.