Live Nation, Justice Department come to agreement outside of courtroom
The judge in Live Nation's monopoly trial called the clandestine agreement "absolutely unacceptable," arguing it "shows absolute disrespect for the court, the jury and this entire process."
Photo by Drew Angerer/Getty Images
Well, it looks like Live Nation is poised to get what it wanted. The New York Times reports today that the event promotion company has reached a deal with the Justice Department after a week of testimony in a Manhattan court. Live Nation has reportedly agreed to make changes to its ticketing deals with venues and allow those venues to use multiple vendors (outside of just Ticketmaster) to sell tickets to events. It has also reportedly agreed to allow touring artists to use other promoters for performances at Live Nation venues, and would pay damages to the states that have joined the lawsuit.