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Live Nation Asks Judge to Overturn Monopoly Jury Verdict After Jury Verdict

Live Nation is asking a federal judge to undo a jury’s April verdict that it violated antitrust laws by maintaining an illegal monopoly in the live entertainment market, arguing the decision is unsupported by evidence and should be reversed or followed by a new trial.

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Bobby brown jr

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Live Nation Asks Judge to Overturn Monopoly Jury Verdict After Jury Verdict

Live Nation has filed post-trial motions seeking to overturn a jury verdict that found the company—along with Ticketmaster—maintained an illegal monopoly in parts of the live entertainment ticketing and related business.

According to the filing, Live Nation argues there wasn’t enough evidence presented at trial to legally support the jury’s conclusion and that the verdict is “legally indefensible.” The company is asking the judge to either reverse the verdict entirely or, at minimum, grant a new trial.

The case stems from federal and state antitrust actions alleging Live Nation, which acquired Ticketmaster in 2010, used its integrated position across concert promotion, venues, and ticketing to limit competition and maintain monopoly power. While the Department of Justice reached a separate settlement earlier, multiple states continued the lawsuit. That pursuit resulted in the jury’s finding in mid-April that Live Nation violated federal antitrust law.

The jury’s decision also included findings that consumers paid higher ticket prices as a result of the conduct alleged, though the court has not yet finalized remedies or damages. The dispute is widely watched amid ongoing scrutiny of competition in ticketing and live entertainment.

Published by Banx Network. This article is part of the Banx decentralized media programme, powered by the BXE token on the XRP Ledger.

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