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Stock impact report

Live Nation antitrust trial nears end as lawyer for 34 states labels the concerts giant a monopolist [Yahoo! Finance Canada]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
arguments that the company and its ticketing arm, Ticketmaster, are monopolizing the industry and driving up concert prices. But a lawyer for Live Nation insisted in Manhattan federal court that there is more competition than ever and the company plays fair amid a booming concert business across America. The states, attorney David Marriott said, failed to prove that Live Nation had acted as a monopolist. “They can't, and they didn't,” he said. The federal government led the civil claims case until it settled the lawsuit it brought in 2024 several weeks ago, saying it had won important concessions from Live Nation, particularly in the sale of tickets at dozens of the company's amphitheaters. The settlement delayed the trial for a week while states conducted mostly unsuccessful negotiations with Live Nation. After closing arguments concluded, jurors were instructed on the law by Judge Arun Subramanian. They were expected to start deliberations late Thursday or Friday. In his Show less Read more
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