NY jury finds Live Nation illegally monopolized live event markets

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April 15, 2026 4:09 PM EDT

A Live Nation sign stands next to an office building along Hollywood Blvd, after the U.S. Department of Justice and a group of states filed an antitrust lawsuit against Live Nation Entertainment, in Los Angeles, California, U.S., May 23, 2024. REUTERS/Mi

By Jody Godoy

April ‌15 (Reuters) - New ​York ​won its antitrust case against Ticketmaster and its parent Live Nation, as a ‌jury on Wednesday found that the company ⁠illegally monopolized parts of the live-events industry, Attorney General Letitia ‌James said.

Shares of the ‌company were down 6.3% in afternoon trading following the verdict, first reported by Bloomberg News. ​Shares of competitors Vivid Seats and StubHub rose 9.3% and 3.5%, respectively.

The world's largest live-event ⁠company will likely face further court hearings on what measures it ​must take to restore competition. Live Nation has faced ongoing criticism from fans ​and lawmakers over high ticket ‌fees and ticket reselling practices.

The company already agreed to some measures in a ⁠settlement last month with the U.S. Department of Justice, but the verdict is a win for New ⁠York and a coalition of other states that continued on ​in the case after the DOJ settlement.

"This is a landmark victory to protect New Yorkers from harmful monopolies," ‌James said in a post on social media site X.

A spokesperson for Live ‌Nation did not immediately respond to a request ⁠for comment.

(Reporting by ‌Juby Babu in ​Mexico City and Jody Godoy in New York; Editing by Maju Samuel and Franklin ‌Paul)


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