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.