Live Nation settlement avoids breakup with Ticketmaster
Live Nation has reached a settlement with the Department of Justice in its antitrust case, agreeing to pay $200 million to states and implement changes to its business practices, including creating a standalone ticketing system for third-party competitors. The company will also divest up to 13 amphitheaters and avoid retaliation against venues that choose other ticket sellers over Ticketmaster, thus avoiding a breakup with Ticketmaster.
Engadget
- Entities
- Monopolistic Practices
- SeatGeek
- Letitia James
- Live Nation
- Ticketmaster
- Eventbrite
- United States Department of Justice
- Antitrust Law
Original source
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