Trial Attorney David Schwartz on Jury Ruling: Live Nation & Ticketmaster Monopoly Verdict

0:000 secondsVictory for concert goers. A Manhattan jury found Live Nation, the parent company of Ticketmaster, operates as an illegal monopoly. The Justice Department 0:088 secondsin more than 30 states sued the company in 2024. They argued when Live Nation and Ticketmaster merged in 2010. They drove up prices, limited consumer choice, and then stifled competition. 0:1818 secondsThe DOJ and a handful of states settled their case against Live Nation last month before the trial concluded. cannot use your power, your market dominance in 0:2828 secondsorder to crush competition. That's the main point behind the monopolization. And they had 86% of the marketplace. 0:3636 secondsJust on the tickets alone, the damages could be into the hundreds of millions of dollars. 0:4343 secondsIn a statement, the ticketing company said, quote, "The jury's verdict is not the last word on this matter," adding, "Live Nation can and will appeal any unfavorable rulings on these motions. 0:5252 secondsThe judge will determine whether Live Nation and Ticket Master will be broken up and how much the company owes the state attorneys general.