Could Live Nation Still Be Broken Up?

Could Live Nation Still Be Broken Up?

2 Min Read

The ongoing litigation involving Live Nation and Ticketmaster’s alleged monopoly is becoming increasingly complex but could benefit concertgoers frustrated with dynamic pricing and service fees.

In 2024, the Department of Justice and 40 state attorneys general sued Live Nation, owner of Ticketmaster, for alleged monopolistic practices. Merged in 2010, the company dominated ticket sales and venue bookings, limiting competition and leaving customers stuck with questionable pricing models favoring the company over artists.

Last month, the DOJ tentatively settled with Live Nation, but a state-level trial proceeded. On Wednesday, a federal jury found Live Nation guilty of operating as an illegal monopoly.

During the trial, Slack conversations emerged between Live Nation employees Ben Baker and Jeff Weinhold, revealing disparaging remarks about ticket buyers. Baker’s comments included calling people “stupid” for raising parking prices, expressing amusement at taking advantage of them.

Live Nation claimed these were just casual remarks and not reflective of policy.

As part of the DOJ settlement, Live Nation must pay a $280 million fine and divest at least 13 venues, accepting competing promoters’ bookings. However, with the jury’s finding of illegal monopoly operations, more severe consequences may be possible.

The future is uncertain as Judge Arun Subramanian will determine remedies, including the potential breakup of Live Nation and Ticketmaster.

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