A federal jury in New York delivered a major blow to Live Nation Entertainment on Wednesday, finding the concert giant and its Ticketmaster subsidiary liable for monopolistic practices in the ticketing industry.The verdict stems from a sweeping multistate lawsuit that accused the company of using its dominance in concert promotion and ticketing to stifle competition, inflate prices and limit consumer choice, according to the complaint.Live Nation shares dropped about 6% in afternoon trading after the verdict, while competitors surged. Vivid Seats jumped more than 9%, and StubHub climbed roughl...
HALO NEWSLETTER
Join HALO today and unlock this story instantly — It's Free