Live Nation and Ticketmaster Broke the Law
Introduction
A jury in New York says Live Nation and Ticketmaster did something illegal. They controlled too much of the concert market.
Main Body
Live Nation and Ticketmaster control most concert tickets. The jury says this is bad. It stops other companies from selling tickets. This makes tickets more expensive for people. The jury says Ticketmaster charged customers too much money. The boss of the company, Michael Rapino, spoke in court. He talked about Taylor Swift tickets. He said a computer attack caused the problems. Another leader in the company said the prices were too high. Live Nation says they are not bad. They say artists and sports teams choose the prices. Some states agreed to a deal with the company. But 30 other states wanted a trial. They want more competition in the market. Now, a judge must decide the punishment.
Conclusion
Live Nation may pay a lot of money. The court might also tell the company to sell Ticketmaster.