A federal jury in New York has concluded that Live Nation and Ticketmaster functioned as an illegal monopoly within the ticketing and live events sector. The decision validates long-standing grievances that the entertainment behemoth was actively suppressing competition and artificially inflating consumer costs, CNN reports.
Following extensive proceedings that featured testimony from prominent figures across the music and entertainment spheres, the jury commenced deliberations on Friday before delivering their verdict.
Despite the ruling, gig-goers should not expect an immediate reduction in ticket prices or supplementary fees. Judge Arun Subramanian is scheduled to preside over a subsequent trial to determine...