Metal, Hardcore, Indie, Rock
Live event promoter Live Nation is probably seeking as much goodwill as possible in the wake of a recent court decision that found the firm accountable for functioning as a monopoly, as per theprp. That will likely be aided by news that the firm will be launching their “Summer Of Live” promotion on Wednesday, April 29. Through that deal, tickets for almost 4,000 shows will be available for $30 until May 5th. The following tours and performances that are noteworthy to this site’s viewers will be qualified for this promotion.
More info can be found by accessing this link.
A federal jury in Manhattan Thursday, April 15, found Live Nation Entertainment and its subsidiary Ticketmaster responsible for functioning as a monopoly. Due to antitrust concerns, the U.S. Department of Justice first launched an inquiry into the corporations several years ago. In 2024, the agency filed an antitrust case. According to the lawsuit, Live Nation and Ticketmaster were involved in a “illegal monopoly” in the live entertainment sector. The business was charged with misusing exclusivity agreements to intimidate venues who opted to collaborate with other promotion firms and lock out competing promoters. Additionally, the corporation was accused of forcing venues to use Ticketmaster exclusively.
The aforementioned corporations and the U.S. Department of Justice reached a settlement regarding the accusations in March of last year. at addition to being required to give up their exclusive booking agreements at 13 of their venues, Live Nation and Ticketmaster were scheduled to pay up to $280 million in damages from that settlement. Additionally, they have to enable certain venues to use ticketing services outside of the Live Nation/Ticketmaster ecosystem and cap service fees at 15%. Early on in the antitrust inquiry, Kid Rock, a rapper and country music artist and close friend of U.S. President Donald J. Trump, provided advice. In the course of the lawsuit, he also became a prominent character by providing testimony.
