A U.S. jury has ruled that Live Nation and Ticketmaster have established a monopoly on the concert market
The judge who has been conducting the trial for five weeks will now have to determine what penalties companies will receive: fines, compensation or procedures to change the business model. Live Nation has declared that "being big and successful" is not illegal.
An American court has ruled that the promoter Live Nation and the incoming company Ticketmaster have established a monopoly in the concert industry and the sale of tickets to them.
According to the petition, Live Nation controls 80 percent of ticket sales in major halls in the United States, manages more than 400 artists, and in the United States alone, it operates 60 percent of concert promotions and owns more than 60 percent of major venues.
There's been a long trial in the federal court in New York before the verdict, and the big executives of the music and entertainment industry have testified in court. Now, Judge Arun Subramanian is going to hold a second trial to determine what measures are being imposed on these companies: fines, compensation or instructions to change business models.
The U.S. Department of Justice and 40 State Attorney's Office filed a civil suit against the monopoly in New York in 2024, accusing these companies of "having a monopoly and other illegal practices that impede their competitiveness in the market," and expressed their intention to break the link between these companies by considering that they raised prices in the direct sector.
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