Live Nation Antitrust Trial to Continue After States Decline to Join Settlement

Date:



Live Nation’s antitrust trial will resume on Monday after more than 30 states opted against joining the Justice Department in its tentative settlement.

According to The Associated Press, only seven states — Arkansas, Iowa, Mississippi, Nebraska, Oklahoma, South Carolina, and South Dakota — have joined the Justice Department in settling their claims against Live Nation.

The other 32 plaintiff states, along with the District of Columbia, have decided to move forward with the trial. Many of the states’ attorneys general have criticized the terms of the Justice Department’s settlement, which included “structural changes” to Live Nation’s business, such as placing limits on exclusivity contracts for venues, forcing the company to sell 13 of its amphitheaters, and imposing price caps on service fees.

Related Video

“The DOJ’s settlement falls far short of protecting consumers, artists, and venues from the harms that Live Nation and Ticketmaster have caused,” Andrea Joy Campbell, the attorney general of Massachusetts, said in a statement after the settlement was initially announced.



Source link

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Raven-Symoné on Her Disney Mount Rushmore

After starring as brainy Ren Stevens for three years...

Meta is reportedly laying off up to 20 percent of its staff

According to Reuters, Meta is looking to offset spending...

Former MLA Pilot Rohith Reddy found with cocaine during raid at Moinabad farmhouse

A raid was conducted at the farmhouse of former...