Overview
- Ticketmaster must open elements of its platform to rivals through a standalone system, expanding access for companies such as SeatGeek and Eventbrite.
- Live Nation will divest up to 13 amphitheaters and Ticketmaster service fees at Live Nation amphitheaters will be capped at 15% of the ticket price.
- Exclusivity at venues would be curtailed, with contracts limited to four years and venues permitted to allocate portions of ticket inventory to competing sellers.
- Live Nation will pay roughly $200–$280 million to participating states, according to a senior DOJ official and multiple reports.
- Several states, led by New York, said they will continue their own cases, and Judge Arun Subramanian criticized the late disclosure of the term sheet and must still approve the deal.