10 new states join the monopoly suit against Ticketmaster

Attorneys general from 10 new states have joined a civil antitrust lawsuit against Live Nation and its ticket-selling unit, Ticketmaster, for allegedly monopolizing markets across the live concert industry.

Indiana, Iowa, Kansas, Louisiana, Mississippi, Nebraska, New Mexico, South Dakota, Utah, and Vermont have joined the lawsuit. This boosts the total to 39 states, plus the District of Columbia.

The amended complaint, originally filed in May with the U.S. Justice Department, includes additional complaints filed against the entertainment giant. The group is now seeking treble damages against the defendants by adding claims under the federal anti-monopoly law, meaning that they can triple the amount they’re after in monetary damages.

Live Nation manages more than 400 musical artists and controls around 60% of concert promotions at major venues across the U.S., according to the amended complaint. It also owns or controls more than 265 venues in North America, including more than 60 of the top 100 amphitheaters in the U.S. Through Ticketmaster, it controls roughly 80% or more of major concert venues primary ticketing.

https://www.fastcompany.com/91176028/10-new-states-join-the-monopoly-suit-against-ticketmaster?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

Created 8mo | Aug 20, 2024, 7:10:06 PM


Login to add comment

Other posts in this group

How this former Disney Imagineer is shaping the next generation of defense technology

The way Bran Ferren sees it, the future of warfare depends as much on creativity as it does on raw firepower.

The former head of research and development at Walt Disney Imagineering—the

Apr 4, 2025, 11:50:04 AM | Fast company - tech
How AI is steering the media toward a ‘close enough’ standard

The nonstop cavalcade of announcements in the AI world has created a kind of reality distortion field. There is so much bu

Apr 4, 2025, 9:40:02 AM | Fast company - tech
TikTok Notes is shutting down as Lemon8 steps in

TikTok is shutting down TikTok Notes—wait, you didn’t even know it existed? Well, that explains a lot.

TikTok Notes, the platform’s short-lived attempt to take on Instagram (just as Inst

Apr 3, 2025, 7:40:05 PM | Fast company - tech
Women dominate online influencing. So why are they paid less?

Influencing has a major pay gap, and it’s not what you might expect. 

A new report from Collabstr, based on over 15,0

Apr 3, 2025, 7:40:04 PM | Fast company - tech
An OpenAI ‘open’ model shows how much the company—and AI—has changed in two years

Welcome to AI DecodedFast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week 

Apr 3, 2025, 5:20:11 PM | Fast company - tech
How Elon Musk’s political gambit could tarnish his legacy at Tesla

Tech leaders often brand themselves as “disruptors”—and few fit that label more snugly than Elon Musk. In the three months since joining Donald Trump in the White House following Trump’s election,

Apr 3, 2025, 5:20:10 PM | Fast company - tech