Live Nation and Ticketmaster illegally monopolized big concert venues, jury rules

MoneyWatch Live Nation and Ticketmaster illegally monopolized big concert venues, jury rules .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham Updated on: April 15, 2026 / 3:26 PM EDT / CBS News Add CBS News on Google A New York jury ruled on Wednesday that Live Nation operated as an illegal monopoly, handing dozens of states an important legal win against the ticketing giant.Live Nation reached a deal with the Department of Justice last month to pay $280 million to states that sued the company over its practices. However, a contingent of states vowed to move forward with litigation in what Attorney General Letitia James of New York said was an effort to "restore fair competition to the live entertainment industry."The verdict came after less than a week of deliberations in a federal courtroom in New York.Live Nation, the parent company of Ticketmaster, did not immediately respond to a request for comment. —This is a developing story and will be updated Edited by Alain Sherter The Associated Press contributed to this report. More from CBS News 7-Eleven plans to close 645 stores this year