A federal jury verdict declared that Ticketmaster, owned by Live Nation, has been engaged in monopolistic practices. Social media has been celebrating the verdict, with many speculating a drastic drop in concert ticket prices.
Attorney General Ken Paxton, who sued Live Nation in 2024, announced his victory against the corporation. The issue stemmed from Ticketmaster’s merger with Live Nation. Formerly separate companies, the two entities merged in 2010. Since then, the corporation has had immense control over artist promotions, concert venues, and ticket sales.
