MI5 warns Chinese spies using job websites to target government staff
MI5 alerts about Chinese spies using job websites to target UK government staff for secrets.
BBC News1 min read
US jury finds Live Nation and Ticketmaster subsidiary operated monopoly
TL;DR
A US jury has ruled that Live Nation and Ticketmaster operated a harmful monopoly over major concert venues, resulting in a lawsuit loss for the company. The case highlighted the company's dominance in the live entertainment industry and its practices that stifled competition.
Key points
- US jury finds Live Nation and Ticketmaster operated a monopoly
- Lawsuit involved claims from dozens of US states
- Live Nation controls hundreds of venues and Ticketmaster is the largest ticket seller
Mentioned in this story
Live NationTicketmaster
A jury has found that concert giant Live Nation and its Ticketmaster subsidiary had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of US states.
A Manhattan federal jury deliberated for four days before reaching its decision Wednesday in the closely watched case, which gave fans the equivalent of a backstage pass to a business that dominates live entertainment in the US and beyond.
Live Nation Entertainment owns, operates, controls booking for or has an equity interest in hundreds of venues. Its subsidiary Ticketmaster is widely considered to be the world’s largest ticket-seller for live events.
The civil case, initially led by the US federal government, accused Live Nation of using its reach to smother competition – by blocking venues from using multiple ticket sellers, for example.
“It is time to hold them accountable,” Jeffrey Kessler, an attorney for the states, said in a closing argument, calling Live Nation a “monopolistic bully” that drove up prices for ticket buyers.
Live Nation insisted it’s not a monopoly, saying that artists, sports teams and venues decide prices and ticketing practices. A company lawyer insisted its size was simply a function of excellence and effort.
“Success is not against the antitrust laws in the United States,” David Marriott, an attorney, said in his summation.
Ticketmaster was established in 1976 and merged with Live Nation in 2010. The company now controls 86% of the market for concerts and 73% of the overall market when sports events are included, according to Kessler.
Ticketmaster has long drawn ire from fans and some artists. Grunge rock titans Pearl Jam battled the business in the 1990s, even filing an anti-monopoly complaint with the US Department of Justice, which declined to bring a case then.
Decades later, the justice department, joined by dozens of states, brought the current lawsuit during Joe Biden’s administration. Days into the trial, Donald Trump’s administration announced it was settling its claims against Live Nation.
The deal included a cap on service fees at some amphitheaters, plus some new ticket-selling options for promoters and venues – potentially allowing, but not requiring, them to open doors to Ticketmaster competitors such as SeatGeek or AXS. But the settlement doesn’t force Live Nation to split from Ticketmaster.
A handful of the states joined the settlement. But more than 30 pressed ahead with the trial, saying the federal government hadn’t gotten enough concessions from Live Nation.
The trial brought Live Nation CEO, Michael Rapino, to the witness stand, where he was questioned about matters including the company’s Taylor Swift ticket debacle in 2022. Rapino blamed a cyberattack.
Q&A
What was the outcome of the Live Nation and Ticketmaster lawsuit?
A jury found that Live Nation and Ticketmaster operated a harmful monopoly over big concert venues, resulting in a lawsuit loss for the company.
How did Live Nation allegedly suppress competition in the ticketing industry?
Live Nation was accused of blocking venues from using multiple ticket sellers, which stifled competition in the ticketing industry.
What impact does the jury's decision have on ticket prices for consumers?
The jury's decision may lead to increased accountability for Live Nation and Ticketmaster, potentially resulting in lower ticket prices for consumers.
