Update: Live Nation Entertainment Says Settled Antitrust Lawsuit With DOJ

MT Newswires Live

Mar 10

(Updates with sourcing from Live Nation throughout)

Live Nation Entertainment (LYV) said Monday it has settled its antitrust lawsuit with the US Department of Justice without an admission of wrongdoing.

The company said it does not owe the DOJ any financial compensation, but noted that it has established a $280 million settlement fund to address damages claimed by various states that were party to the lawsuit.

The 2024 lawsuit by the US Department of Justice had sought to break up Live Nation by forcing a sale of Ticketmaster, and accused the company of engaging in anticompetitive practices.

Under the settlement agreement, Live Nation said it will open its amphitheatres to all promoters, allowing them to decide how to distribute up to 50% of the tickets, capping ticketing service fees at 15%. The company will also divest its 13 exclusive booking agreements with amphitheaters across the country, it said.

Regarding ticketing, the company said Ticketmaster will provide both exclusive and non-exclusive proposals to all major concert venues.

The DOJ did not respond to MT Newswires' request for comment.

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