Brief World 2 sources • Published 3 weeks ago

Live Nation reaches surprise settlement with justice department in antitrust case

Live Nation will pay $200m to states in lawsuit, and Ticketmaster will open parts of platform to rival companiesSign up for the Breaking News US email to get newsletter alerts in your inboxLive Nation, which owns Ticketmaster, has reached a surprise settlement with the Department of Justice in its antitrust case just one week after the trial began.The settlement was announced during a court hearing Monday morning. The agreement, which requires a judicial sign-off, would avoid a breakup of the concert giant.
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Key Points
  • Live Nation will pay $200m to states in lawsuit, and Ticketmaster will open parts of platform to rival companiesSign up for the Breaking News US email to get newsletter alerts in your inboxLive Nation, which owns Ticketmaster, has reached a surprise settlement... S1
  • The agreement, which requires a judicial sign-off, would avoid a breakup of the concert giant. But states who joined the suit object to the terms. S2
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