Eventbrite

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.