ANVEEROY 63,456 Posted 10 hours ago Share Posted 10 hours ago The antitrust lawsuit against Live Nation is set to resume after more than 30 US states refused to sign up to a settlement agreement. In the case, the Department of Justice is accusing Ticketmaster and its parent company Live Nation of abusing their power in the live events market to create an illegal monopoly. The suit was first filed in 2024 and it alleges that the company had used the monopoly to help stifle competition, dominate the ticketing market and gain money from fans via high prices and surcharges. The hearing began on March 3 in Manhattan, but a week later, the two sides reportedly reached a tentative settlement agreement that would have seen Live Nation implement changes to its structure, in order to spare it from being split up from Ticketmaster. However, according to the Associated Press, the trial will now resume on Monday (March 16) after more than 30 US states decided not to join the Justice Department in the settlement.In fact, only seven states – Arkansas, Iowa, Mississippi, Nebraska, Oklahoma, South Carolina and South Dakota – have joined the department’s plan to settle their claims. 32 plaintiff states and the District of Columbia have instead chosen to go ahead with the trial, with Massachusetts attorney general Andrea Joy Campbell saying: “The DOJ’s settlement falls far short of protecting consumers, artists and venues from the harms that Live Nation and Ticketmaster have caused. The suit claims that Live Nation requires artists to use its concert promotion services if they want to perform at the venues it also owns, and that it dominates ticketing services through exclusive, long-running contracts with major concert venues. The lawyer representing Live Nation has argued that the company has never made threats, makes minimal profits, and still has to fight for every deal it makes due to the “marketplace [being] more competitive than ever it has been before.” More: https://www.nme.com/news/music/live-nation-antitrust-trial-to-resume-after-over-30-us-states-reject-settlement-3934560 DJ HIT THE LIGHTS! 1 2 Quote Link to post Share on other sites More sharing options...
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