What Happened
Live Nation-Ticketmaster is an illegal monopolist, a Manhattan jury found, according to Bloomberg.
Why It Matters
The jury found the company liable on three counts: illegally monopolizing the market for live event ticketing, amphitheaters, and tying its concert promotions business with the use of its venues, Bloomberg reported.
Key Details
- The verdict, reached after several days of deliberation, leaves the live entertainment giant open to a potential breakup – which was the stated goal of the lawsuit back when it was filed by the Biden administration's Department of Justice.
- Such an outcome would go far beyond the settlement that the Trump administration's DOJ reache … Read the full story at The Verge.
Background Context
Live Nation-Ticketmaster is an illegal monopolist, a Manhattan jury found, according to Bloomberg. The jury found the company liable on three counts: illegally monopolizing the market for live event ticketing, amphitheaters, and tying its concert promotions business with the use of its venues, Bloomberg reported. The verdict, reached after several days of deliberation, leaves the live entertainment giant open to a potential breakup – which was the stated goal of the lawsuit back when it was filed by the Biden administration's Department of Justice. Such an outcome would go far beyond the settlement that the Trump administration's DOJ reache … Read the full story at The Verge.
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Source: The Verge – Original Link
Source: The Verge
