Live Nation reaches settlement in US monopoly case
The live events company, which owns Ticketmaster, will open parts of its business to rival companies.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"The settlement recently announced with the US Department of Justice fails to address the monopoly at the centre of this case, and would benefit Live Nation at the expense of consumers."
— Letitia James , Politician
"It shows absolute disrespect for the court, the jury and this entire process."
— Arun Subramanian , Other
"Today marks a major step in improving the concert experience for artists and fans throughout the United States."
— Michael Rapino , Executive
"The settlement recently announced with the US Department of Justice fails to address the monopoly at the center of this case, and would benefit Live Nation at the expense of consumers."
— Letitia James , Politician
"Today marks a major step in improving the concert experience for artists and fans throughout the United States."
— Michael Rapino , Executive
"We are happy to take greater steps to empower artists and venues in their ticketing decisions, and are confident we will continue to succeed on the quality of what we deliver."
— Michael Rapino , Executive
"It shows absolute disrespect for the court, for the jury, for this entire process, and it is entirely unacceptable."
— Arun Subramanian , Other
"Today, the concert ticket industry is broken."
— David Dahlquist , Other
"We do not have monopoly power."
— David Marriott , Other
"If these facts are true, NIVA views this as a failure of the justice system."
— Stephen Parker , Executive
"The DOJ settlement falls far short of protecting consumers, artists and venues."
— Andrea Campbell , Politician
"The Trump Justice Department’s puny settlement is why corporate executives treat breaking the law as just another cost of doing business."
— Elizabeth Warren , Politician
"It's entirely unacceptable."
— Arun Subramanian , Other
Key People
Andrea Campbell is the Massachusetts Attorney General who is continuing the state's antitrust lawsuit against Ticketmaster and Live Nation.
Arun Subramanian is the judge overseeing the Live Nation antitrust case.
Justice Department attorney involved in the antitrust trial.
Live Nation attorney who defended against monopoly claims.
Elizabeth Warren is the top Democrat on the Senate Banking Committee.
Letitia James is the Attorney General of New York.
Michael Rapino is the chief executive of Live Nation Entertainment.
Executive director of the National Independent Venue Association.
Tags
All Coverage
The live events company, which owns Ticketmaster, will open parts of its business to rival companies.
Live Nation, owner of Ticketmaster, has agreed to a $280 million settlement with the Department of Justice, requiring Ticketmaster to open parts of its platform to rival companies and divest from exclusive booking agreements with 13 U.S. amphitheaters.
Live Nation has reached a settlement with the Justice Department in an antitrust case, agreeing to pay $280 million in damages and allowing competitors to sell tickets on its platform, pending court approval.
Under the settlement, Live Nation agreed to pay $280 million in civil penalties to 40 states and to sell some of its amphitheaters. Ticketmaster must also open technology to allow other ticket sellers to use its platform to reach customers.
Live Nation and Ticketmaster have struck a settlement deal with the Justice Department, abruptly ending a landmark antitrust trial less than a week after it began, with the settlement amount ranging from $200-$280 million in civil penalties across the 40 states that sued the event company for creating a ticket sales monopoly.
The settlement between Live Nation and the Department of Justice has been met with skepticism and anger, with critics arguing that it fails to adequately address anticompetitive practices and protect consumers from high ticket prices.
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