The entire ticketing business, including in sports, is now potentially set for a significant shake-up after Ticketmaster parent company Live Nation and the U.S. Department of Justice reached a proposed settlement to resolve antitrust complaints.
A week after a trial began in the federal government’s complaint against Live Nation, a settlement will avert that with a series of penalties and structural changes. Among the expected terms of the deal:
- A payment of about $200 million in damages to participating states in the lawsuit
- A divestiture of more than 10 amphitheaters it controls
- A cap on service fees at 15% of a ticket’s price
- A limit on Ticketmaster’s venue contracts to four years in length
- An allowance that will allow venues contracted with Ticketmaster to allocate parts of their inventory to competitors
- A requirement for Ticketmaster to open parts of its platform to rival companies
The terms, which must be approved by the judge, have not yet been announced.
Thirty-nine states had initially joined on to the original lawsuit against Live Nation, filed in 2024. The plaintiffs alleged that Live Nation engaged in widespread anticompetitive behavior across the live-event business, and sought to break up Live Nation and Ticketmaster. Those two companies merged in 2010, helping create the behemoth that now exists.
Not Done Yet
Despite the settlement, several states are planning to continue with the lawsuit, and the dispute will remain active at that level. It’s also quite possible that some states will push for a mistrial.
“The settlement recently announced with the U.S. Department of Justice fails to address the monopoly at the center of the case, and would benefit Live Nation at the expense of consumers,” said New York Attorney General Letitia James. “We cannot agree to it.”
Judge Arun Subramanian, who presided over the federal case in Manhattan, also angrily received word of the settlement on Monday. Among his concerns was the disclosure that the Justice Department and Live Nation reached a deal last Thursday, but made no mention of it in a subsequent Friday meeting in the judge’s chambers.
“It shows absolute disrespect for the court, the jury, and this entire process,” Subramanian said Monday. “It is absolutely unacceptable.”
The financial penalty is also less than 1% of Live Nation’s 2025 revenue of $25.2 billion.
“The evidence presented during the first week of the trial showed that Live Nation doesn’t win on technology or service, but rather through fear, costing fans and competitors untold millions each year,” said Ticket Policy Forum executive director Brian Berry.
“Thankfully, the opportunity to break up the Live Nation-Ticketmaster monopoly is not over. We are confident many state attorneys general will stay the course to hold this market manipulator accountable. Fans, artists, venues, promoters, and competing ticketing companies deserve a fair and competitive ticket market, and what we have heard so far about the settlement does not deliver,” Berry said.
