The verdict, which came after states called the company an abusive monopolist, raises the prospect that Live Nation will be forced to sell Ticketmaster.
A jury found that Live Nation and Ticketmaster violated federal and state antitrust laws by dominating the live music industry, capping off a blockbuster trial with a verdict that could ultimately see the two concert giants broken up. After a five-week trial in Manhattan federal court, jurors sided with a coalition of state attorneys general who sued Live Nation. The states argued during closing statements that the concert giant was a “monopolistic bully” that had harmed competition and driven up ticket prices for fans.
In its verdict, the jury handed Live Nation a total defeat — finding that the company illegally monopolized the market for ticketing services, concert ticketing and the use of amphitheaters, and that it illegally tied the use of its venues to its concert promotion services. The jury said fans overpaid by $1.72 per ticket.
Following the verdict, all eyes will turn to Judge Arun Subramanian, who must now decide whether to order Live Nation to sell off Ticketmaster — something critics have long demanded and the states have said is the goal of their case. Such orders are drastic and rare, though, and the judge could instead merely ban certain anti-competitive conduct.