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Ticketmaster found illegal monopoly by jury
The Verge·
A Manhattan jury has determined that Live Nation-Ticketmaster operates as an illegal monopoly, a decision that could lead to the breakup of the live entertainment giant. This verdict aligns with the Department of Justice's objective in its lawsuit, aiming for a structural change in the company's operations. While a breakup is a possibility, the judge has discretion to implement alternative remedies, and any decision is expected to face further appeals. The trial, which concluded after several weeks of proceedings, focused on allegations of monopolistic practices within the live event ticketing industry.
Tags
legal
regulation
Original Source
The Verge — theverge.com