🎵Judge to Decide Live Nation-Ticketmaster Breakup
30+ States Want a Broader Split of the Music Biz Goliath
TL;DR
A federal judge is set to decide if Live Nation-Ticketmaster should be broken up, with over 30 states pushing for more extensive remedies than the DOJ's settlement.
Judge Arun Subramanian will rule on whether to break up Live Nation and Ticketmaster after a month-long trial found them an illegal monopolist. Over 30 states are requesting broader remedies beyond the DOJ’s initial settlement, including offloading amphitheaters and limiting promotional services. The case could reshape how live music is booked and ticketed in America.
Key Points
Over 30 states are involved in USA v. Live Nation-Ticketmaster lawsuit
A jury found Live Nation and Ticketmaster to be illegal monopolists after a month-long trial
States request offloading of exclusive booking arrangements at over a dozen amphitheaters
Remedies proposed include barring retaliation against venues not using their ticketing platform
Monetary relief requested includes paying back overcharges on ticketing fees
Why It Matters
If the judge rules in favor of states, Live Nation's dominance in concert booking and ticket sales could be severely curtailed. This would impact venue operators who rely on these services for their business model. Smaller venues might gain more leverage to negotiate better deals.
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