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CBS America

Live Nation settles antitrust case with Justice Department

CBS America · 23 days ago
CBS America
CBS America
23 days ago

Less than a week into a trial over Live Nation's alleged monopoly of the event ticket business, the parent company of Ticketmaster has reached a tentative settlement with the Justice Department. Kenneth Dintzer, antitrust attorney with the law firm Crowell & Moring, joins CBS News to break down the deal.

Breakdown
  • Live Nation agrees to $280 million penalty in antitrust settlement 11s
  • Ticketmaster must allow rivals to sell tickets on its platform 24s
  • Live Nation required to sell at least 13 amphitheaters, cap fees at 15% 31s
  • Not all states agree to the settlement and plan to continue lawsuit 36s
  • Judge criticizes being left out of settlement process, will review deal 1m 31s
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