The Justice Department has reached a settlement in its antitrust lawsuit against Ticketmaster and it’s parent company, California-based Live Nation Entertainment.

18 articles | Updated 6d ago | Created 6d ago

California, USA MUSIC

On Monday, March 9th, U.S. Department of Justice and parent company California-based Live Nation Entertainment reached an antitrust settlement regarding allegations that their dominance in live events constituted illegal monopoly practices over the concert industry's ticket market under Ticketmaster management; this deal reportedly involves a $280 million payment to settle civil charges without enforcing many critics' hopes for breaking up or separating the two entities.

Key Points

1

The U.S. Department of Justice and parent company Live Nation Entertainment have reached a settlement in an antitrust lawsuit alleging illegal monopoly practices.
2

Live Nation agreed to pay $280 million as part of the deal that resolves charges regarding its dominance over live event ticketing businesses.

Developments

Mar 09, 13:51 The Justice Department reached an antitrust settlement with Ticketmaster and its parent company Live Nation Entertainment regarding allegations of illegal monopoly over live events in America.

Mar 09, 12:48 Live Nation agreed to pay $280 million as part of a deal that avoids the forced breakup many critics had hoped for while ending government antitrust charges against Ticketmaster and Live Nation Entertainment.