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US blindsides states with surprise settlement in Live Nation/Ticketmaster trial

4 days ago
  • #Ticketmaster
  • #antitrust
  • #Live Nation
  • The Trump administration agreed to stop pursuing a breakup of Live Nation and Ticketmaster, surprising state attorneys general during a trial.
  • 27 states and the District of Columbia continue pursuing the case without the US government.
  • The US Department of Justice and most states sued Live Nation and Ticketmaster in 2024, alleging a monopoly on live music delivery.
  • The lawsuit sought a court order for Ticketmaster's divestiture.
  • A trial began last week, but the US and Live Nation announced a proposed settlement on March 8, catching states off guard.
  • The judge criticized the settlement announcement as 'absolutely unacceptable.'
  • States filed a motion for mistrial, arguing the sudden US withdrawal could mislead the jury.
  • The motion was supported by 27 states and the District of Columbia.