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Stock impact report

Live Nation's Justice Department trial continues as U.S. senators call out a 'broken ticket market' [Yahoo! Finance]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
California is one of the key states still involved in the trial. (Mario Tama / Getty Images) Live Nation, the ticketing giant that reached a tentative settlement with the Department of Justice last week, remains under fire. 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 Capit Show less Read more
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