Live Nation, the owner of Ticketmaster, has reached a settlement with the DOJ in a major antitrust case. The U.S. government has accused the company of having a monopoly over tickets to live events. But a legal analyst explains the settlement doesn't automatically mean cheaper tickets for consumers.
Breakdown
- DOJ and Live Nation reach settlement in antitrust case 3s
- Live Nation to pay up to $280 million and cap service fees at 15% 41s
- Settlement includes opening up to 50% of tickets to other sellers 50s
- Live Nation avoids breakup but must divest control of 13 amphitheaters 55s
- Some states and consumer advocates plan to continue legal action 1m 43s