US jury finds Ticketmaster and Live Nation had anticompetitive monopoly

A New York jury has found that concert giant Live Nation and its subsidiary Ticketmaster had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of states in the United States. A Manhattan federal jury deliberated for four days before reaching its decision on Wednesday in the closely watched case, which gave fans the equivalent of a backstage pass to a business that dominates live entertainment in the US and beyond. At the end of the proceeding, the judge told lawyers on both sides to arrange with one another “and the United States” to provide a joint letter proposing a schedule for motions and how the remedies phase of the case would occur.

He told them to deliver it by late next week. Live Nation Entertainment owns, operates, controls booking for or has an equity interest in hundreds of venues. Its subsidiary Ticketmaster is widely considered to be the world’s largest ticket-seller for live events.

Its lawyers did not immediately comment as they left the court, but said a statement would be issued shortly. The verdict could cost Live Nation and Ticketmaster hundreds of millions of dollars, just for the $1.72 per ticket that the jury found Ticketmaster had overcharged consumers in 22 states. The companies could also be assessed penalties.

In addition, sanctions could result in court orders that they divest themselves of some entities, including venues, such as amphitheatres that they own. The civil case, initially led by the US federal government, accused Live Nation of using its reach to smother competition by blocking venues from using multiple ticket sellers, for example. Live Nation insisted it is not a monopoly, saying that artists, sport teams and venues decide prices and ticketing practices.

A company lawyer insisted its size was simply a function of excellence and effort. Ticketmaster was established in 1976 and merged with Live Nation in 2010. The company now controls 86 percent of the market for concerts and 73 percent of the overall market when sporting events are included, according to Kessler.

Ticketmaster has long drawn ire from fans and some artists. Grunge rock titans Pearl Jam battled the business in the 1990s, even filing an antimonopoly complaint with the US Department of Justice, which declined to bring a case at that time. Decades later, the Justice Department, joined by dozens of states, brought the current lawsuit during Democratic former President Joe Biden’s administration.