Overview
- Proposed terms require Live Nation to divest up to 13 amphitheaters and bar retaliation against venues that choose rival ticketing or promotion.
- Ticketmaster must open a standalone system that lets competitors like SeatGeek and Eventbrite sell through its technology and unwind long exclusivity deals capped at four years.
- Service fees at Live Nation–controlled amphitheaters would be capped at 15% and venues could allocate portions of ticket inventory to non-Ticketmaster platforms, according to a term sheet.
- Live Nation will fund roughly $280 million for participating states, with some reports citing figures closer to $200 million, while several attorneys general declined to join the deal.
- U.S. District Judge Arun Subramanian criticized the late disclosure of the agreement, paused the joint trial, and must still decide whether to approve the settlement as state-led proceedings resume.