Overview
- The agreement was disclosed in Manhattan federal court and paused the proceedings pending Judge Arun Subramanian’s approval.
- Live Nation will divest up to 13 amphitheaters, and Ticketmaster’s service fees at those venues will be capped at 15%.
- Ticketmaster must open parts of its platform to rival sellers, limit venue exclusivity contracts to a maximum of four years, and allow venues to allocate ticket inventory to competitors, including up to 50% at Live Nation amphitheaters.
- Live Nation will provide roughly $280 million for state penalties, and the consent‑decree oversight will be extended for eight years.
- New York and more than two dozen states rejected the settlement and will continue litigating next week, and the judge criticized the parties for revealing the deal late in the trial.