By Our Correspondent
National News – A US federal jury has ruled that Live Nation, the parent company of Ticketmaster, operated as an illegal monopoly, overcharging fans and restricting competition in the live entertainment industry.
The verdict was delivered in New York after a seven-week trial and four days of jury deliberations, marking a significant moment for concertgoers, artists, and venue owners.
The case was brought by multiple US states, alleging that Live Nation’s business practices unfairly limited rivals and inflated ticket prices.
Prosecutors argued that the company controlled a large share of major concert venues and ticketing services, making it difficult for competitors to enter the market.
The jury agreed, finding that Ticketmaster added an average overcharge of $1.72 per ticket over several years, which will now form the basis for calculating damages.
The lawsuit followed mounting public criticism, particularly after Taylor Swift’s Eras Tour ticket sales in 2022 overwhelmed Ticketmaster’s systems, leaving fans frustrated.
The US Department of Justice had initially filed the case in May 2024 under then-Attorney General Merrick Garland, citing anti-competitive practices, although it later withdrew after reaching a settlement attempt.
Legal experts say the ruling could force Live Nation to restructure its operations, potentially separating from Ticketmaster or divesting key assets.
Judge Arun Subramanian may also impose financial penalties and measures aimed at restoring fair competition in the industry.
Live Nation has pushed back against the verdict, insisting it competes vigorously in the entertainment sector and stating that the jury’s decision is not final.
The company has filed motions challenging aspects of the ruling, including how damages were calculated.
Analysts believe the outcome could lower ticket prices, improve service quality, and create opportunities for smaller promoters and venues.
The decision is also being seen as a broader warning to dominant corporations across industries about the legal risks of monopolistic behaviour.
