Live Nation to open Ticketmaster to other sellers
Digest more
The DOJ has accused the live-entertainment giant of wielding outsized control over the industry, but the company’s lawyers claim it “did not have monopoly power” during opening statements
Daily Voice Middlesex County, CT on MSN
Ticketmaster Avoids Breakup With Major DOJ Settlement: What To Know
Ticketmaster's parent company has avoided a potential breakup after reaching a settlement with the Justice Department in one of the most closely watched antitrust cases in decades. Live Nation and federal regulators reached the agreement on Monday,
Ticketmaster has reached a $280 million settlement with the Justice Department to resolve a high-profile antitrust case. The settlement allows Ticketmaster to remain with its parent company, Live Nation,
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.
John Abbamondi, former CEO of the Barclays Center in Brooklyn, said his venue paid dearly for dropping Ticketmaster for SeatGeek.
A U.S. Justice Department lawyer said Ticketmaster and Live Nation Entertainment monopolized the market, but the companies say the government is wrong.
A Justice Department lawyer has told a New York jury at the start of an antitrust trial that the concert ticket industry is broken because Ticketmaster and its parent company Live Nation Entertainment have monopolized the market,
Hosted on MSN
Barclays Center lost out on concerts after picking SeatGeek over Ticketmaster, exec says
A former Barclays Center executive took the stand as the first witness in a federal antitrust trial challenging Live Nation Entertainment’s market power, telling jurors he believes the Brooklyn arena lost out on concerts after ending its ticketing ...
Jim Cramer made a pointed claim on air as Live Nation’s stock surged on news of a tentative DOJ antitrust settlement: “It’s not like when you go to a Taylor Swift concert, if it weren’t for Ticketmaster,