Live Nation, Ticketmaster antitrust lawsuit
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Attorney General Derek Brown assured Utah won't back down from pursuing litigation over Live Nation and Ticketmaster alleged monopoly, despite the U.S. Department of Justice's settlement.
The $280 million settlement may not be enough; North Carolina Attorney General Jeff Jackson called it a 'terrible deal' that doesn't truly break up the monopoly.
Senator Elizabeth Warren took aim at Donald Trump and Department of Justice as she condemned the decision made in the antitrust lawsuit against Ticketmaster and LiveNation
Ticketmaster’s parent company Live Nation reached a settlement Monday with the U.S. Department of Justice, effectively ending a huge antitrust case involving the world’s largest live entertainment company.
Shares of Ticketmaster parent Live Nation rallied toward their biggest gain in nearly a year, as analysts don’t see the settlement as helping competition to gain traction.
Live Nation controls ticket sales of some of the state’s largest venues, including BankNH Pavilion in Gilford and SNHU Arena in Manchester, pictured here. New Hampshire joined the Live Nation lawsuit in 2024.
The Guardian reported that Ticketmaster collects an average of $7.58 per ticket sold at major venues. According to an analysis cited by Jonathan Hatch, a New York attorney, fans in the states seeking damages may have overpaid between $1.56 and $1.72 per ticket.
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