Live Nation Reaches Settlement with DOJ Over Antitrust Lawsuit

WASHINGTON, D.C. — Live Nation Entertainment announced Monday that it has reached a settlement with the U.S. Department of Justice in an antitrust lawsuit related to its concert promotion and ticketing practices.

According to the company, the agreement resolves the remaining issues in the case without any admission of wrongdoing. A final proposed judgment outlining the settlement terms will be submitted to the court for approval.

As part of the settlement, Live Nation said it will open its amphitheaters to all promoters and allow them to control distribution of up to 50 percent of tickets for shows. The company will also cap ticketing service fees at 15 percent and end 13 exclusive booking agreements with amphitheaters across the country.

The agreement also extends Live Nation’s consent decree with the Justice Department for eight additional years and includes provisions intended to prevent retaliation or restrictive business practices involving venues.

Live Nation said the settlement does not include a financial penalty tied to the federal case, though the company has established a $280 million fund to address damages claims brought by states involved in the broader lawsuit.

The Justice Department originally filed the lawsuit alleging anticompetitive conduct in the concert promotion and ticketing industry. Live Nation has maintained the allegations were without merit.

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