Live Nation Faces Monopoly Ruling, Ticket Prices May Drop

0:00A federal jury in New York just dropped a bombshell verdict against Liv Nation, the big boss behind Ticketmaster, ruling they ran in a legal monopoly, and jacked up prices on concert tickets for fans everywhere. This case kicked off under the Biden team with backup from over 30 states, hitting live nation for blocking venues from using other ticket sellers, and overcharging folks by $1.72 tickets across 22 states. Fans are hyped, hoping this cracks open the market for real competition, and drops those sky high prices, but experts like law props are keeping in. Real saying any wallet relief could be slow and small, since stars and venues hold their own power. Liv Nation aspiring back hard, denying everything and vowing to appeal, while the judge might slap them with hundreds of millions in payback though. Three day buyers won't see direct refunds since this wasn't a class action suit. Bottom line, change won't hit overnight. Think Tampa's pack stadium shows this weekend staying pricey as ever.

1:00But this ruling says to stage for A, fairer game down the line. That wraps Tampa Bay news today, brought to you with AI, I'm Cory with the story.