COURT HOLDS LIVE NATION MONOPOLIZED THE MARKET FOR CONCERT TICKETS

A Federal court jury in New York recently held that Live Nation and its subsidiary, Ticketmaster, had an illegal monopoly on concert ticket sales. Live Nation/Ticketmaster used its dominant position in the market to make things more difficult for its competitors. The witnesses in the trial included Live Nation head Michael Rapone and Ben Lovett from the group Mumford & Sons. Over 30 states sued Ticketmaster, claiming that it dominated major concert venue sales and maintained high prices with their anticompetitive practices in large entertainment venues. Concert goers have long complained about exorbitant ticket prices. This recent verdict in the […] The post COURT HOLDS LIVE NATION MONOPOLIZED THE MARKET FOR CONCERT TICKETS first appeared on Music Connection Magazine.