More Than 30 States Ask Judge to Break Up Live Nation-Ticketmaster, Because Apparently One Monopoly Lawsuit Wasn't Enough
A coalition of states asks a federal judge to force Live Nation-Ticketmaster to sell off venues and stop its monopoly antics, because the ticket fees have gotten ridiculous.
A federal judge is officially being tasked with deciding whether to break up Live Nation-Ticketmaster, the company that has made buying concert tickets feel like a hostage negotiation.
More than 30 states are asking Judge Arun Subramanian to order a sale of the ticketing giant, a “sufficient number” of large amphitheaters, and limit its ability to tie access to its remaining amps to the use of its promotions services. In April, a jury found that the company is an illegal monopolist, after more than a month of trial. The initial remedies proposal doesn’t include a further breakup of some other parts of Live Nation’s business that California Attorney General Rob Bonta told The Verge and other outlets earlier this week they were considering, but the states say they reserve the right to make additional requests as they learn more.
It’s unclear exactly how far Subramanian will be willing to go in ordering remedies, but the requests go far beyond what the Department of Justice got in its settlement with the company one week into trial. That deal included a promise to offload some exclusive booking arrangements at over a dozen amphitheaters, but not a sale of the venues themselves.
The states are also asking for remedies that address specific allegations that came up at trial, like barring retaliation or conditioning the ability for a venue to receive a concert on which ticketing platform they use. They also ask for a range of monetary relief, including paying back overcharges on ticketing fees.
Live Nation did not immediately respond to a request for comment, though it has promised to fight the verdict - presumably by hiring more lawyers than there are seats in an amphitheater.
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