The Guardian Australia – Business
·business
·3 hours ago
Live Nation and Ticketmaster had monopoly over big venues, US jury finds
A Manhattan federal jury found Live Nation and Ticketmaster held a monopoly over major concert venues, stifling competition in the ticketing industry. The lawsuit, initiated by several U.S. states, highlighted price gouging, with evidence revealing Ticketmaster overcharged consumers by $1.72 per ticket. The jury’s decision increases pressure for regulatory changes in the live entertainment sector.
Summary by Glance · The Guardian Australia – Business
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