States' Anti-Monopoly Case Against Live Nation Continues Monday
The Live Nation-Ticketmaster trial is back on. Dozens of states are expected to move forward with their claims against the company's alleged concert industry monopoly beginning on Monday, following a brief hearing on Friday. The Justice Department and a handful of states have accepted settlements with the company, but the majority of the 40 state plaintiffs are pressing on with their case.
The trial is expected to focus on Live Nation's acquisition of Ticketmaster in 2010, which many argue has given the company a stranglehold on the concert industry. The plaintiffs claim that Live Nation has used its dominance to engage in anti-competitive practices, such as limiting ticket availability and charging exorbitant fees.
The case has been ongoing for several years, with the trial initially scheduled to begin in 2024. However, it was delayed due to the COVID-19 pandemic and other factors.
The states involved in the case include California, New York, and Illinois, among others. The trial is expected to be a major test of the antitrust laws in the United States, and could have significant implications for the concert industry as a whole.
Sources
[3] States’ anti-monopoly case against Live Nation continues Monday