President Donald Trump spoke personally with the chief executive of Live Nation in the weeks before the Justice Department settled its antitrust lawsuit against the entertainment giant and its Ticketmaster subsidiary.
Settlement Details
Lawyers for Live Nation revealed in a court filing that Trump and the company’s CEO, Michael Rapino, spoke about the antitrust lawsuit in February, but didn’t discuss ‘substantive terms’ of any potential settlement. The Justice Department announced a settlement that most states refused to join, saying it did not go far enough to curb the company’s dominance over concert venues and ticketing for live events.
The trial continued, and a jury concluded that the company was a monopoly that cost concertgoers and sports fans. The federal government’s settlement deal included a cap on service fees at some amphitheaters, plus some new ticket-selling options for promoters and venues.
Original reporting: KTBS 3 (Shreveport) — read the source article.