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Ticketmaster parent Live Nation strikes deal with DOJ to settle antitrust suit— why judge was left fuming
The Justice Department announced a tentative settlement in its antitrust lawsuit against Live Nation and Ticketmaster, aiming to lower ticket prices and end an alleged monopoly. However, the deal sparked anger from Judge Arun Subramanian, who was informed late, and several states, including New York, plan to continue their lawsuit, arguing the deal doesn’t fully address the monopoly. The settlement proposal includes Live Nation paying a fine, divesting amphitheaters, and opening up its ticketing processes.