US jury finds Ticketmaster and Live Nation had anticompetitive monopoly

What Happened

A New York jury found Live Nation and subsidiary Ticketmaster operated a harmful monopoly over concert venues, siding with dozens of states in an antitrust lawsuit. The jury deliberated four days before deciding Wednesday. Ticketmaster controls 86 percent of the concert market. The verdict could cost the companies hundreds of millions dollars in damages, plus potential penalties and court-ordered divestitures of venues. Remedies phase scheduled next.

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