Live Nation ain’t turning the other cheek to a stinging jury verdict today that labeled the Ticketmaster-owning concert and talent promoter a monopoly.
“The jury’s verdict is not the last word on this matter,” the company declared hours after federal jurors in NYC decided Live Nation jacked up fees and worked to stamp out competition. “Pending motions will determine whether the liability and damages rulings stand,” the media giant added. “Of course, Live Nation can and will appeal any unfavorable rulings on these motions.” (read the full statement below)
Coming after a five week-long trial and four days of deliberations (not mention a White House cameo and partisan salvos galore), the jury’s verdict that the Michael Rapino-run LN is in violation of federal and state antitrust laws could see the company forced to divest from Ticketmaster (which it merged with in 2010), face big fines or even be cut
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