18h
Mon

Justice Department Settles With Live Nation After Secret Negotiations

The Justice Department reaches a settlement with Live Nation and Ticketmaster after secret negotiations, a deal that avoids breaking up the company and promises remedies on fees and exclusive deals.Judge Arun Subramanian rebukes Justice Department antitrust chief Omar Assefi and Live Nation chief executive Michael Rapino for failing to notify the court while jurors were selected, then orders them and state settlement committee lawyers to remain in court to try to finalize terms.More than thirty state attorneys general say they were given one day to decide whether to join, several seek a mistrial or more time, and industry analysts and Vergecast hosts Lauren Feiner and David Pierce say the settlement signals a shift to regulatory remedies that could change ticket disclosure and sales.
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