NC attorney general blasts antitrust settlement over Ticketmaster practices

North Carolina Attorney General Jeff Jackson voiced strong criticism of the recent antitrust settlement between Live Nation and the Trump administration, calling it “barely a slap on the wrist.” The settlement stems from a lawsuit alleging anticompetitive practices by Live Nation and Ticketmaster, including restrictive venue agreements and excessive fees. Jackson, along with over 20 other attorneys general, requested a mistrial, arguing the settlement was made outside of court and jeopardizes access to evidence. He believes the settlement fails to address Live Nation’s control over ticketing, performers, and venues, allowing them to dictate prices.

Live Nation stated the settlement is not an admission of wrongdoing and involves a $280 million fund to address state claims, along with capping ticketing fees at 15% for its amphitheaters and divesting agreements with 13 venues. The settlement also aims to address concerns about Live Nation’s partnerships, such as its agreement with Oak View Group, and prevent similar restrictive agreements in the future.

Jackson emphasized the bipartisan support for challenging the settlement, highlighting the widespread understanding of Live Nation’s monopolistic power and its impact on consumers. He stated the goal of any legal action is to restore competition and address ticket inflation, making concerts more affordable for families.

(Source：Raleigh News & Observer)