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It looks like the DOJ isn't going to break up Live Nation and Ticketmaster
TechCrunch· 2026-03-09 18:49
Core Viewpoint - The U.S. Justice Department has tentatively settled with Ticketmaster and its parent company, Live Nation, following a high-profile antitrust lawsuit, but the settlement has faced criticism from several state Attorneys General for not adequately addressing monopoly concerns [1][4]. Group 1: Settlement Details - The settlement requires Live Nation to pay a fine of up to $280 million and divest at least 13 venues to enhance competition [3]. - The settlement has not satisfied many state Attorneys General, with 26 out of 30 joining in continuing the lawsuit against Live Nation [4]. Group 2: Industry Impact - Live Nation and Ticketmaster, after merging in 2010, control the majority of ticket sales and venue bookings in the U.S., leading to consumer dissatisfaction due to dynamic pricing issues and ticket purchasing processes [2]. - Live Nation reported selling over 646 million tickets and hosting over 54,000 events internationally last year, indicating its significant market presence [8]. Group 3: Testimonies and Allegations - Testimonies during the trial revealed adversarial interactions between Live Nation executives and other industry leaders, including a recorded call that suggested potential retaliatory actions against those who chose to work with competitors [6][7]. - Washington Attorney General highlighted that Live Nation's monopoly has negatively impacted consumers and artists, leading to increased ticket prices [5].