Live Nation's Justice Department trial continues as U.S. senators call out a ‘broken ticket market' [Los Angeles Times (CA)]
Live Nation Entertainment, Inc. (LYV)
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Source: Los Angeles Times
A coalition of more than 30 states that had joined the original lawsuit filed in 2024 is refusing to accept the $200-million settlement, causing the trial to resume this week in Manhattan's Federal Court. The settlement with the Justice Department requires Beverly Hills-based Live Nation to open Ticketmaster to rival ticket sellers, force the company to open select venues to competing promoters and cap service fees at 15%. California is one of the key states still involved in the trial. But those steps fall short, critics say. “It's clear that Live Nation has manipulated the market and made itself untouchable by competitors, hurting artists, hurting fans, hurting venues, all the while, raking in the cash,” said California Atty. Gen. Rob Bonta at the Capitol Forum conference last week. “Not because it's a better service or product, because it acted illegally and created a monopoly.” U.S. senators have also chimed in. Minnesota's Amy Klobuchar recently introduced the Antitrust
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News
- Live Nation CEO says it's ‘disgusting' that an employee talked about ‘robbing fans blind' [Yahoo! Finance]Yahoo! Finance
- Live Nation CEO defends company ticket pricing practices in antitrust trial [MSNBC.com]MSNBC.com
- Ontario plans to cap ticket resale prices at original value [BNN Bloomberg (Canada)]BNN Bloomberg
- LSU's Flau'jae Johnson is back on March Madness stage. What to know about star guard [USA TODAY]USA TODAY
- Live Nation CEO Disavows Staffer's Boast About “Robbing” Ticket Buyers, But Hasn't Fired Employee [Yahoo! Finance]Yahoo! Finance
LYV
Earnings
- 2/19/26 - Beat
LYV
Sec Filings
- 3/16/26 - Form 4
- 3/16/26 - Form 4
- 3/12/26 - Form 4
- LYV's page on the SEC website