In brief
In a landmark antitrust trial, 34 states are challenging Live Nation Entertainment and its ticketing division, Ticketmaster, over claims of market monopolization and inflated ticket prices. The jury has begun deliberations following a detailed presentation of evidence. Live Nation maintains that it operates fairly within a highly competitive market, despite controlling a dominating share of the concert ticket market.
NEW YORK (AP) — Jury deliberations began Friday in an antitrust case pitting 34 states against the concert giant Live Nation Entertainment. The states argue in the civil case that the company and its ticketing arm, Ticketmaster, are monopolizing the industry and driving up prices to see live music.Live Nation contends there is more competition than ever and the company plays fair amid a U.S. booming concert business. Soon after starting deliberations, the jury in Manhattan federal court told the judge it wanted to review certain testimony given at the five-week trial.The states carried on with their case after the federal government settled last month. The Justice Department said it had won important concessions from Live Nation, particularly in the sale of tickets at dozens of the company’s amphitheaters.A lawyer for the states said in closing arguments on Thursday that Live Nation controls 86% of the market for concerts and 73% of the overall market when sports events are included. Live Nation’s lawyer said the company isn’t hiding from the fact that it’s the biggest entertainment company and ticketer in the country. But, the lawyer said, “success is not against the antitrust laws in the United States.”
