Live Nation settles antitrust case with DOJ, avoids Ticketmaster breakup
NBC News
Live Nation settles antitrust case with Justice Department for $200 million; Ticketmaster avoids breakup
Live Nation, the parent company of Ticketmaster, has successfully avoided a breakup — a major development in one of the most high-profile antitrust cases in decades.
The company and the Justice Department reached a surprise settlement on Monday, following a week of testimony during an antitrust trial that threatened to potentially separate the world’s largest live entertainment company.
Notably, states can continue to press their own claims outside of the DOJ.
The agreement follows a yearslong legal battle in which the DOJ along with 40 states, including Washington, D.C., accused Live Nation of using its control over major venues and ticketing relationships to lock out rivals and maintain monopoly power.
Live Nation has consistently denied wrongdoing. The company did not immediately respond to NBC New’s request for comment.
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Live Nation settles antitrust case with Justice Department for $200 million; Ticketmaster avoids breakup
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