States ask court to break up Live Nation, Ticketmaster |
States ask court to break up Live Nation, Ticketmaster
A group of more than 30 state attorneys general asked a court Thursday to break up Live Nation and Ticketmaster, after a jury found last month that the ticketing giants held an illegal monopoly in the live entertainment industry.
The states are seeking an order that would require Live Nation to divest Ticketmaster, in addition to pushing for the divestment of a “sufficient number” of large amphitheaters that are owned by the company.
They are also asking the court to block the enforcement of some exclusivity provisions in Ticketmaster’s prior contracts, limit future exclusive ticketing agreements and restrict Live Nation’s ability to tie access to venues to its promotion services.
“A jury found Live Nation manipulated the market, hurt artists, fans, and businesses nationwide, all while getting richer — not because it is better, but because it acted illegally. Now, it’s time to ensure they........