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Live Nation and Ticketmasters Monopoly Lawsuit Thrown Out

Four years after they were slammed by Taylor Swift, Live Nation and its Ticketmaster subsidiary have been found liable for operating as a harmful monopoly over ...

Live Nation and Ticketmasters Monopoly Lawsuit Thrown Out
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Bintano News

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Four years after they were slammed by , Live Nation and its Ticketmaster subsidiary have been found liable for operating as a harmful monopoly over large venues.

A federal jury in took four days to deliberate before reaching a verdict on Wednesday.

Calls for an investigation grew in 2022 after Swift, 36, .

The Department of Justice brought the case against Live Nation in 2024, while President was in office, and dozens of states joined.

Under President Donald Trump's administration, the DOJ settled the case with the ticketing conglomerate — which has steadfastly denied that it is a monopoly — for $281 million in March, but over 30 states opposed the deal and chose to continue the civil trial.

'It's a great day for antitrust law,' anti-trust attorney Jeffrey Kessler, who represented the states suing Live Nation, said as the case wrapped in Manhattan, per the Associated Press.

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Live Nation and Ticketmaster have been found liable for operating a harmful monopoly over large venues, four years after Taylor Swift slammed their botched rollout of tickets for her Eras Tour; Swift is pictured in 2023 in Santa Clara, Calif.

A federal jury in New York City took four days to deliberate before reaching a verdict on Wednesday

Kessler said of Live Nation and Ticketmaster in his closing arguments: 'It is time to hold them accountable.'

He also described Live Nation as a 'monopolistic bully' that spiked prices for ticket buyers.

Amid the triumph, he did not specify what the states will seek in the next phase of litigation, a remedies trial.

A juror speaks with reporters outside of Manhattan Federal Court on Wednesday following the conclusion of the Live Nation monopoly case

It proclaimed, 'That motion addresses all liability theories. The Court previously noted that Live Nation's motion raises serious issues.

'There is also a pending motion to strike the damages testimony on which the jury’s award was based. The Court deferred ruling on that motion as well, while noting significant concerns with the damages expert’s analysis.'

The jury eventually determined that Live Nation had overcharged concertgoers at major venues by $1.72 per ticket 

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Following news of the verdict, Live Nation's stock dropped more than six percent.

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