Live Nation and Ticketmaster were found liable for monopolizing parts of the live entertainment market on Wednesday, after a panel of jurors concluded that concertgoers were overcharged a whopping $1.72 per ticket at certain venues.
Live Nation, a venue operator and concert promoter, acquired Ticketmaster, which facilitates primary and secondary ticket sales, in 2010. In 2024, Live Nation was sued by the Justice Department, states, and the District of Columbia for allegedly monopolizing primary ticketing services, concert venues, and promotional services. (The motivation for the suit was misdirected public outrage over resale ticket prices to Taylor Swift's Eras Tour exceeding $2,000, whose sale Ticketmaster did not facilitate.)
