Live Nation Entertainment has been found liable in its bombshell monopoly lawsuit a major move that could drastically shake up the live music landscape as a judge now decides the penalty Live Nation and Ticketmaster should face.
After a weeks-long trial that featured testimony from the likes of Live Nation CEO Michael Rapino as well as other major industry stakeholders like AEG Presents CEO Jay Marciano and Drake’s manager Adel Nur, jurors ruled on Wednesday that Live Nation functions as a monopoly that has squashed competitors and driven up ticket costs for fans. The bulk of the claims jurors focused on were related to requirements for artists at Live Nation’s amphitheaters, as well as claims that Live Nation strong-armed concert venues to use Ticketmaster if they wanted access to Live Nation’s concerts.
The verdict comes two years after the DOJ and nearly 40 plaintiff states had first
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