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Stock impact report

Antitrust trial against Live Nation and Ticketmaster continues with states leading the charge 1 / 2 Antitrust trial against Live Nation and Ticketmaster continues with states leading the c...

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Judge Arun Subramanian greeted jurors in Manhattan federal court by asking them if they had heard any news about the trial in the week in which it was suspended after one week of testimony. After no jurors raised hands, he told them Arkansas, Nebraska and South Dakota had settled claims and were no longer part of the case. Testimony then resumed with an attorney for the remaining states questioning Jay Marciano, the chief executive of AEG Presents, which is Live Nation's chief competitor. Marciano said his company has trouble overcoming exclusive contracts used by Live Nation Entertainment and Ticketmaster to dominate the industry in the U.S. He said a more competitive environment exists in Europe, where consumers pay 15% fees on tickets rather than the 25% it cost concertgoers in the United States. He said AEG would prefer that multiple ticketing companies be allowed to sell every show because “fans are rewarded.” On cross examination, Marciano conceded that his private comp Show less Read more
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