US Jury Finds Live Nation and Ticketmaster Operate as a Monopoly
A federal jury in the United States declared this Wednesday that the company Live Nation and its subsidiary Ticketmaster operate as a monopoly in the sale of live event tickets, concluding a trial of about five weeks in New York. The guilty verdict comes after the Department of Justice signed a settlement agreement with Live Nation midway through the trial, but the process still continued because dozens of states were part of the accusation, as reported by NBC and CNN.
TL;DR
- A federal jury in the United States declared Live Nation and Ticketmaster operate as a monopoly.
- The verdict concluded a five-week trial in New York.
- The Department of Justice had a settlement with Live Nation during the trial.
- Dozens of states were part of the accusation.