California’s AG hints at a broader breakup of Live Nation. A group of Democrats held an unofficial hearing on Capitol Hill to criticize the DOJ’s settlement with Live Nation-Ticketmaster, signaling their intention to revisit Trump administration antitrust deals if they regain power in Congress. The DOJ’s settlement with Live Nation, settled one week into trial with a promise of up to $280 million, has faced criticism. With Democrats lacking committee control, the hearing was informal, attended by California AG Rob Bonta, former Trump antitrust official Roger Alford, and entertainment industry representatives. Concerns about undue corporate influence on the DOJ’s deal were voiced, with Senate Minority Leader Schumer offering opening remarks. The jury’s favorable verdict for the states is cited as proof of the DOJ’s inadequate settlement. Legislation is being proposed to strengthen standards for settlements. Alford suggests this case might see a judge reject the DOJ deal, considering the judge’s role in resolving the Live Nation monopoly. Bonta mentioned consideration of a broader breakup, possibly including divestitures of Live Nation’s venue or artist management businesses. Live Nation’s Dan Wall defended the company’s practices, advocating for resale reform and consumer protections. Live Nation plans to appeal the jury verdict, but the forum indicated that Democrats might continue examining the deal’s formation.
Democrats Outline Their Approach to the Ticketmaster Settlement if They Regain Power
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