American ticket sales and distribution giant, part of Live Nation
Independent and smaller music events face rising costs and lower ticket sales, with cancellations rising. The sector sees some resilience but more venues risk closure as costs outpace revenue.
Multiple US states are pursuing a lawsuit against Live Nation and Ticketmaster, alleging monopolistic practices that suppress competition and inflate ticket prices. A settlement deal was announced, but many states plan to continue their legal efforts. The trial resumes Monday with key evidence and objections discussed.
A coalition of over 30 U.S. states is challenging the settlement between the Justice Department and Live Nation over alleged anti-competitive practices. The federal government settled last week, but the states are pursuing their own legal action, questioning the company's market dominance and conduct in the live entertainment industry.
Los Angeles has sold over a million tickets for the 2028 Olympics, with many local residents frustrated by high prices, fees, and limited affordable options. The initial presale included $28 tickets, but demand has driven prices and fees higher, causing disappointment and technical issues among buyers.
Retail crime, rising energy costs, and geopolitical tensions are impacting UK retailers. Despite efforts to control prices, companies report increased costs and uncertain profits. The government is responding with police recruitment and legislation to address retail crime, while energy and supply chain issues continue to challenge the sector.
A federal jury has found Live Nation liable for monopolizing the concert industry and violating antitrust laws. The verdict follows a seven-week trial, with the jury determining that the company overcharged consumers and used its market dominance to benefit its own business. Judge Arun Subramanian will now decide on damages and remedies, including potential breakup or divestments.
A U.S. District Court has issued a preliminary injunction that prevents Nexstar and Tegna from merging amid ongoing legal challenges. The court finds that the merger is likely to harm competition, increase consumer costs, and reduce local journalism. The companies have already completed the deal but are now halted pending further legal proceedings.
Kneecap has announced a headline Glasgow show later this year following a string of Scottish dates. Fans who have ordered Fenian can access a presale code, with further details to be announced as the event is officially unveiled.