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DOJ and Live Nation Reach Tentative Antitrust Deal in Ticketmaster Case

Court approval remains pending with several states vowing to press on with their own claims.

Overview

  • Reports say the agreement would open venue ticketing to multiple providers and let artists use other promoters during tours.
  • Early coverage indicates the deal would not force a breakup of Live Nation and Ticketmaster and could include millions in damages.
  • U.S. District Judge Arun Subramanian criticized the parties for disclosing the pact late, calling the conduct unacceptable.
  • New York Attorney General Letitia James said the proposal fails to address the core monopoly concerns, and multiple states signaled they will continue litigation.
  • The trial began in New York last week, details of the terms have not been fully disclosed, and some state representatives raised the prospect of seeking a mistrial.