Live Nation and Ticketmaster Found Liable in Monopolization Case
A federal jury in New York has deemed Live Nation and its subsidiary Ticketmaster responsible for monopolistic practices, a ruling that’s shaking up the live music industry.
During a trial that lasted about five weeks, this jury concluded that both companies had unlawfully dominated the ticket market, according to NBC News. Interestingly, the Department of Justice (DOJ) surprised everyone by reaching a settlement with Live Nation and Ticketmaster early in March, just days into the trial. However, over 30 states, including California, Texas, and New York, continued their legal fight, led by prominent attorney Jeffrey Kessler.
Now, Judge Arun Subramanian will determine the penalties for Live Nation and Ticketmaster.
After hearing extensive testimonies, the jurors decided that Live Nation operated as a monopoly, effectively wiping out competition and significantly increasing ticket prices. The jury examined claims regarding conditions imposed by Live Nation on artists and how the company allegedly coerced large venues into using Ticketmaster to access Live Nation shows, as reported by The Hollywood Reporter.
A conversation shared in court revealed representatives from Live Nation discussing their practices in an unflattering light. According to court documents, a text exchange among employees seemed to celebrate excessive charges levied on concert-goers, including hefty ancillary fees and parking costs.
One text reportedly stated, “Robbing them blind, baby, that’s how we do.”
Gail Slater, former chief of DOJ Antitrust, publicly acknowledged the outcome shortly after the verdict. She congratulated the coalition of state attorneys general for making “antitrust history” and commended their dedication to the case through social media.
As part of their initial settlement with the DOJ, Live Nation agreed to dissolve booking agreements with 13 amphitheaters across the country and allow access to other promoters at certain venues. It remains to be seen when Judge Subramanian will announce a decision regarding the penalties. Up until now, Live Nation has kept silent about the ruling.
