US jury finds Live Nation, Ticketmaster holds monopoly

Bogdan Hofbauer

A New York jury found Ticketmaster and its parent company, Live Nation, illegally monopolized major parts of the United States live events market. The entertainment giant hosts tens of thousands of concerts a year and has been the world's leading ticket seller since 2010. The ruling will not bring immediate relief for frustrated concertgoers, but it could cost Live Nation hundreds of millions of dollars and force venue selloffs when penalties are imposed. Live Nation said in a statement that