The U.S. Department of Justice and Live Nation settled an antitrust lawsuit after a week-long trial, with newly released Slack messages revealing executives joking about overcharging concert fans. Under the settlement, Live Nation must cap exclusivity contracts at four years, limit ticketing fees to 15%, divest from 13 venues, and allow competitors on its marketplace.
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The U.S. Department of Justice and Live Nation settled an antitrust lawsuit after a week-long trial, with newly released Slack messages revealing executives joking about overcharging concert fans. Under the settlement, Live Nation must cap exclusivity contracts at four years, limit ticketing fees to 15%, divest from 13 venues, and allow competitors on its marketplace.