Live Nation & Ticketmaster Found Guilty of Monopoly

0:00On May 1st, a federal jury in Manhattan just dropped a bombshow on April 15th, ruling live nation and ticket master guilty of running any legal. Monopoly. After six weeks of trial and four days of deliberation, they nailed the company on monopolizing ticketing, amphitheaters, and tying promotion services to lock it all in. The real kicker is that tying verdict where Livnation uses its grip on artist's tours to strong arm venues into using ticket master. Execs from places like Barclay Center testified how threats to yank entire tour pipelines forced them back into exclusive deals, letting ticket master, skim fees on every ticket and resale, independent venues, promoters, festivals, fans, and artists have felt this squeeze for years, and now the courts validating their fight. Past consent decrees from the 2010 merger failed twice, with live nation breaking rules repeatedly, even after a beefed-up version in 2020. These phases underway, pushing structural fixes like splitting ticket master from live

1:03nation, capping their promotion of any artist's tour at 50 percent, divesting artist management and slamming of firewalls, no shared revenue or deals for at least 15 years. Picture this, artists picking their own managers, promoters, and venues in a real competitive market, fans paying fair fees without the monopoly. Markup. After he set the stage, now the judge needs to deliver that functioning live music world we've been chasing. That's the story for today, music news today, driven by AI.