Jury Finds That Live Nation/Ticketmaster Is Illegal Monopoly

Finally, some good news. A federal jury in Manhattan has found that Live Nation, the massive corporation that merged with Ticketmaster in 2010, holds a harmful monopoly over large entertainment venues. Because of that decision, Live Nation could be on the hook for hundreds of millions of dollars. The jury found that Ticketmaster overcharged customers for $1.72 per ticket in 22 states, and it could also face penalties and sanctions, and it could be forced to give up ownership of at least some of the venues in which it owns a stake, as the Associated Press reports.

The post Jury Finds That Live Nation/Ticketmaster Is Illegal Monopoly appeared first on Stereogum.

Load More Related Articles
Load More By UrbanSonicFusion
Load More In Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

From Chavi Leons to Mijita, Here’s How to Relive Nuevo Noise Live 

On Apr. 24, Remezcla’s latest Nuevo Noise Live, will be available via streaming, giving au…