Stay Nation, which operates the Ticketmaster platform, has been decided to be a monopoly. A federal jury handed down its choice immediately that the corporate violated federal and state antitrust guidelines. This discovering will not shock anybody who has used Ticketmaster and been sticker-shocked by their remaining invoice. Nevertheless, it is unclear what the jury’s choice will imply in observe.
For starters, the choose overseeing the case hasn’t decided what treatments will likely be utilized. The actions may go so far as requiring Stay Nation to dump Ticketmaster. There are additionally financial damages to be awarded, which have not been set but. And regardless of the choose decides, it is also seemingly that Stay Nation will enchantment the choice. We have reached out to Ticketmaster for remark.
The Division of Justice and a gaggle of state and district attorneys common sued Stay Nation on monopoly claims in 2024. The federal government company reached a settlement with Stay Nation final month, however the different events continued their motion. There’s additionally a separate case being waged by the Federal Commerce Fee questioning whether or not Stay Nation colluded with ticket resellers.
