Investors are cheering news that stands to boost a ticketing giant today.
It remained possible that some states might continue a trial on their own.
Attorneys general from several states say they haven't abandoned their antitrust case against Live Nation. This came after the news Monday (March 9) that the U.S. Department of Justice had reached a settlement with the company, which owns Ticketmaster.
Live Nation has settled with the Department of Justice in a high-profile antitrust case. The DOJ had sued to split Ticketmaster from Live Nation over monopoly concerns.
The move spares the concerts-and-ticketing giant from the threat of its business being broken up.
G7 finance ministers are reportedly meeting to consider a coordinated oil reserve release to address surging prices from Gulf conflict disruptions. Live Nation (LYV) is nearing a DOJ antitrust settlement likely avoiding a forced Ticketmaster divestiture, with final terms potentially announced soon.
Live Nation Entertainment is close to settling a federal antitrust lawsuit accusing the company of illegally monopolizing the live music industry, Bloomberg News reported on Monday, citing sources.
Ticketmaster and its parent company Live Nation are set to face trial on Tuesday over U.S. claims that the entertainment conglomerate dominated live event markets in ways that hurt artists, venues and fans.
Ticketmaster parent Live Nation faces a potential antitrust reckoning as a landmark case accusing the music giant of running an illegal monopoly over the live music industry kicks off in Manhattan federal court.
The Justice Department is seeking to force a breakup of Live Nation and Ticketmaster in a trial that kicks off Monday.
LYV posts Q4 earnings and revenue beat as sales rise 11% Y/Y, backed by strong concerts and sponsorship growth.
Live Nation Entertainment Inc (NYSE:LYV) stock is up 5.1% to trade at $165.43 at last check, after the the company reported smaller-than-expected losses for the fourth quarter and a revenue beat amid strong ticket sales.