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