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Home Trading News Stock Market

Live Nation antitrust trial nears end as lawyer for 34 states labels the concerts giant a monopolist

April 9, 2026
in Stock Market
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Live Nation antitrust trial nears end as lawyer for 34 states labels the concerts giant a monopolist
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NEW YORK (AP) — A lawyer for 34 states suing Reside Nation Leisure tried to persuade a jury Thursday throughout an antitrust trial ’s closing arguments that the corporate and its ticketing arm, Ticketmaster, are monopolizing the trade and driving up live performance costs.

However a lawyer for Reside Nation insisted in Manhattan federal courtroom that there’s extra competitors than ever and the corporate performs honest amid a booming live performance enterprise throughout America.

The states, lawyer David Marriott mentioned, didn’t show that Reside Nation had acted as a monopolist.

“They will’t, and so they didn’t,” he mentioned.

The federal authorities led the civil claims case till it settled the lawsuit it introduced in 2024 a number of weeks in the past, saying it had gained vital concessions from Reside Nation, notably within the sale of tickets at dozens of the corporate’s amphitheaters. The settlement delayed the trial for per week whereas states performed largely unsuccessful negotiations with Reside Nation.

After closing arguments concluded, jurors have been instructed on the legislation by Choose Arun Subramanian. They have been anticipated to begin deliberations late Thursday or Friday.

In his closing, lawyer Jeffrey Kessler argued on behalf of the states that proof has proven that the businesses “violated antitrust legal guidelines and it’s time to maintain them accountable.”

He reminded jurors that because it was a civil trial, they solely wanted to search out that the states had confirmed by a preponderance of the proof — greater than 50% — that Reside Nation and Ticketmaster illegally wielded monopoly energy.

Kessler labeled the corporate a “monopolistic bully” and mentioned it had employed practices that “saved digging the moat across the monopoly citadel in an effort to shield their market place.”

Reside Nation’s management of 86% of the marketplace for live shows and 73% of the general market when sports activities occasions are included, confirmed it had monopoly energy, he mentioned.

Marriott countered that Reside Nation and Ticketmaster have been merely reaping the fruits of a long time of arduous work that created the perfect merchandise within the trade.

“We’re the most important leisure firm and ticketer within the nation. We’re not hiding from that truth,” he mentioned. “We’re massive. That’s not towards the legal guidelines in america. Success shouldn’t be towards the antitrust legal guidelines in america.”

Marriott additionally mentioned the corporate tries to “outflank and outcompete” its opponents and the jury mustn’t punish the corporate as a result of the states had proven some communications during which staff who’re “fierce opponents” discuss crushing the competitors.

He defended the corporate resolution to not instantly hearth an worker who acknowledged from the witness stand that he had written a collection of messages from late 2021 by way of early 2023 during which he mocked clients as “so silly” and mentioned the corporate was “robbing them blind, child.”

“Individuals say, generally, silly stuff,” Marriott mentioned, noting the feedback have been made concerning the worth of garden chairs and parking. “We do not condone that. However we additionally do not simply ax anyone as a result of they made a mistake years up to now.”

In the meantime, he mentioned, venues and artists are doing higher than ever and followers are benefiting from a strong and thriving leisure trade.

“Our job is to assist venues and artists generate income. We don’t make excuses for that,” Marriott mentioned.



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Tags: antitrustconcertsGiantlabelsLawyerLivemonopolistNationnearsstatesTrial
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