Home / Business and Economy / States Resume Live Nation Antitrust Trial
States Resume Live Nation Antitrust Trial
14 Mar
Summary
- Dozens of states continue antitrust case against Live Nation.
- Allegations include stifling competition and higher ticket prices.
- Federal government previously settled its claims with the company.
Dozens of states are set to resume their antitrust trial against concert giant Live Nation, the parent company of Ticketmaster. This resumption follows a brief pause when the federal government announced a settlement with Live Nation. The states, however, largely objected to this deal and are now continuing their case in Federal District Court in Manhattan.
The lawsuit, initially filed by the Justice Department two years ago and joined by 39 states and the District of Columbia, alleges that Live Nation illegally maintained a monopoly in the live entertainment industry. Prosecutors contend this has stifled innovation, reduced competition, and led to increased consumer ticket prices. Live Nation has maintained its innocence, denying it operates as a monopoly or threatens venues.
Testimony had begun, including evidence from venue operators claiming Live Nation employees threatened retaliation if venues did not sign exclusive contracts with Ticketmaster. The chief executive of AEG Presents, Live Nation's main competitor, was also mid-testimony. The trial continues with the jury sworn in earlier this month.
