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US jury finds Live Nation, Ticketmaster hold illegal monopoly
Key takeaways
- The verdict will not bring immediate relief to concertgoers frustrated by high ticket prices, but could cost the company hundreds of millions of dollars.
- The entertainment giant hosts tens of thousands of concerts a year and has been the world's leading ticket seller since 2010.
- The ruling will not bring immediate relief for frustrated concertgoers, but it could cost Live Nation hundreds of millions of dollars and force venue selloffs when penalties are imposed.
Why this matters: an international story with cross-border implications worth tracking.
The verdict will not bring immediate relief to concertgoers frustrated by high ticket prices, but could cost the company hundreds of millions of dollars.
https://p.dw.com/p/5CGb BTicketmaster is the world's leading ticket seller, since 2010.Image: Yui Mok/empics/picture alliance Advertisement A New York jury on Thursday found Ticketmaster and its parent company, Live Nation, illegally monopolized major parts of the United States live events market.
The entertainment giant hosts tens of thousands of concerts a year and has been the world's leading ticket seller since 2010.
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