On Monday, Live Nation Entertainment Inc. reached a settlement with the Department of Justice (DOJ) a week into its antitrust trial. The government had argued that the company’s subsidiary Ticketmaster constituted an illegal monopoly over the ticketing industry. As conditions for the settlement, Ticketmaster agreed to provide a standalone ticketing system for third-party use, divest from exclusive arrangements with up to 13 amphitheaters, reserve 50% of tickets for nonexclusive venues, and cap ticketing service fees at 15% for events in amphitheaters it owns.
To listen to this podcast ad-free, and to enjoy our subscriber only premium content, go to ReadTangle.com to sign up!
You can read today's podcast here, our “Under the Radar” story here and today’s “Have a nice day” story here.
You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here.
Take the survey: What do you think of the settlement? Let us know.
Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.
This podcast was written by: Will Kaback and audio edited and mixed by Dewey Thomas. Music for the podcast was produced by Diet 75.
Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Lindsey Knuth, Bailey Saul, and Audrey Moorehead.
Hosted on Acast. See acast.com/privacy for more information.