Justice Department settles antitrust case with Live Nation
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Officials have alleged that Ticketmaster and parent company Live Nation Entertainment held an illegal monopoly over concerts and other live events.
Ticketmaster’s parent company Live Nation reached a settlement Monday with the U.S. Department of Justice, effectively ending a huge antitrust case involving the world’s largest live entertainment company.
The DOJ has accused the live-entertainment giant of wielding outsized control over the industry, but the company’s lawyers claim it “did not have monopoly power” during opening statements
The Justice Department had John Abbamondi testify at an antitrust trial to support its case that Live Nation has acted as a monopoly, an accusation the company denies.