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The Guardian - US
The Guardian - US
Business
Michael Sainato

Live Nation reaches surprise settlement with justice department in antitrust case

Live Nation Ticketmaster Letitia James Lawsuit
a person walking past a brick building
The Live Nation headquarters in New York City. Photograph: Michael M Santiago/Getty Images

Live Nation, which owns Ticketmaster, has reached a surprise settlement with the Department of Justice in its antitrust case just one week after the trial began.

Under the agreement, Live Nation will create a $280m settlement fund for states that participated in the lawsuit and Ticketmaster will be required to open parts of its platform to rival ticketing companies, Live Nation announced on Monday.

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