By ALANNA DURKIN RICHER
WASHINGTON (AP) — The Justice Department has reached a settlement in its antitrust lawsuit against Ticketmaster and it’s parent company, Live Nation Entertainment, on Monday in a case that alleged an illegal monopoly over live events in America.
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It comes as the two sides face trial in New York over whether to dismantle the monopoly the Justice Department said was squelching competition and driving up prices for fans.
The case brought under the Biden administration in 2024 accused Live Nation of using threats, retaliation and other tactics to “suffocate the competition” by controlling virtually every aspect of the industry, from concert promotion to ticketing.
Ticketmaster and its owner, Live Nation Entertainment, based in Beverly Hills, California, have a long history of clashes with major artists and their fans, including Taylor Swift and Bruce Springsteen.
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