economy
April 16, 2026
Live Nation and Ticketmaster illegally monopolized big concert venues, jury rules
Updated on: April 16, 2026 / 8:16 AM EDT / CBS News
TL;DR
- A New York jury found Live Nation and Ticketmaster guilty of operating as an illegal monopoly.
- Dozens of states accused the company of stifling competition, limiting consumer choice, and inflating ticket prices.
- The verdict could result in damages potentially in the billions of dollars.
- Live Nation plans to appeal the ruling and disputes the calculation of damages.
- The company previously reached a $280 million settlement with the Department of Justice but was rejected by many states.
- Live Nation owns or has equity in hundreds of U.S. venues and controls bookings.