NY Jury Finds Live Nation Illegally Monopolized Ticketing Markets, Bloomberg News Reports
A Live Nation sign stands next to an office building along Hollywood Blvd, after the U.S. Department of Justice and a group of states filed an antitrust lawsuit against Live Nation Entertainment, in Los Angeles, California, U.S., May 23, 2024. (Reuters/Mike Blake)
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Live Nation illegally monopolized ticketing markets, a New York federal jury found Wednesday, Bloomberg News reported.
Shares of the company were down 2% in afternoon trading following the report.
The jury reached its verdict following a six-week trial, the report said.
(Reporting by Juby Babu in Mexico City; Editing by Maju Samuel)
