"The civil case accused Live Nation of using its reach to smother competition, blocking venues from using multiple ticket sellers, which ultimately drove up prices for ticket buyers."
"Live Nation insisted it's not a monopoly, claiming that artists, sports teams, and venues decide prices and ticketing practices, arguing that its size is a result of excellence and effort."
"Ticketmaster controls 86% of the market for concerts and 73% of the overall market when sports events are included, highlighting its significant dominance in the live entertainment industry."
A jury determined that Live Nation and Ticketmaster hold a harmful monopoly over major concert venues, leading to increased ticket prices. The lawsuit, initiated by the U.S. federal government and supported by multiple states, accused Live Nation of stifling competition by restricting venues from using various ticket sellers. Live Nation argued that its market dominance resulted from excellence rather than monopolistic practices. Ticketmaster controls 86% of the concert market and 73% of the overall market, facing long-standing criticism from fans and artists alike.
Read at ABC7 Los Angeles
Unable to calculate read time
Collection
[
|
...
]