A US jury on Wednesday found that entertainment giant Live Nation wielded monopoly power at its Ticketmaster business, violating federal and state antitrust laws, according to California’s attorney general. A verdict that could have profound repercussions in the concert world came after four days of deliberations, and remedies could include breaking up Live Nation and Ticketmaster. The jury found Live Nation and Ticketmaster liable for anticompetitive conduct that harmed the music industry and...
The verdict could cost Live Nation and Ticketmaster hundreds of millions of dollars.
The lawsuit said the firm's practices had led to higher ticket prices and worse service for customers.