Live Nation Antitrust Trial to Continue After States Decline to Join Settlement
The Live Nation antitrust trial will proceed with most states opting out of the Justice Department's settlement due to insufficient consumer protection.Summary
The antitrust trial against Live Nation will continue as planned after a majority of states declined to join the Justice Department’s proposed settlement. Only seven states – Arkansas, Iowa, Mississippi, Nebraska, Oklahoma, South Carolina, and South Dakota – have agreed to the settlement terms. Thirty-two states and the District of Columbia will proceed with the trial, citing concerns that the settlement does not adequately address the harms caused by Live Nation and Ticketmaster. Attorneys general, such as Andrea Joy Campbell of Massachusetts, have criticized the settlement for falling “far short of protecting consumers, artists, and venues.” The proposed settlement included structural changes like limits on venue exclusivity, the sale of 13 amphitheaters, and caps on service fees, but these measures were deemed insufficient by many states.
(Source：Google News)