A federal jury has found the live music giant violated antitrust laws, with penalties to be determined in a separate proceeding.
A jury has found Live Nation operated as an illegal monopoly. The verdict follows a seven week trial in federal court and four days of deliberations.
Penalties against the company, which merged with Ticketmaster in 2009, will be decided at a later date. They could include substantial monetary damages or even a court ordered breakup of the live music and ticketing conglomerate. Live Nation has consistently denied any monopolistic behavior.
This ruling arrives just a month after Live Nation reached a separate settlement with the Department of Justice. That agreement required the company to sell 13 of its amphitheaters and limit its exclusive venue contracts. It also mandated that Ticketmaster allow competitors like SeatGeek to sell tickets for its events.
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ROMBO Editorial Staff
The collective voice behind ROMBO Magazine’s news, reviews, features, and cultural coverage.
