Trump, Live Nation CEO spoke before antitrust case settlement: Filing
Key takeaways
- Live Nation and its subsidiary Ticketmaster reached a settlement with the DOJ one week into trial in early March.
- The agreement drew scrutiny from lawmakers, as well as dozens of states that had joined the federal government in the case.
- Live Nation said at the time that it planned to file additional motions in the case.
Why this matters: political developments that affect policy direction and public trust.
In a filing Monday, the company said Rapino discussed a variety of topics related to Live Nation s business with Trump, noting that the status of DOJ s lawsuit against Defendants came up but no substantive terms regarding any potential settlement were discussed.
Live Nation and its subsidiary Ticketmaster reached a settlement with the DOJ one week into trial in early March. The department sued the ticketing companies under the Biden administration for allegedly blocking competition in the live entertainment industry.
As part of the settlement, Live Nation agreed to break off exclusive booking agreements with 13 amphitheaters, open venues to all promoters and allow them to distribute half of the tickets and cap ticketing service fees at 15 percent.