March 9 (UPI) -- Live Nation, the company that owns Ticketmaster, has agreed to change its ticketing practices and pay $200 million in damages to settle an antitrust lawsuit by the Justice Department.
The Justice Department and Live Nation are expected to announce the settlement Monday, days after the trial began, The New York Times, Politico and Fox Business report.
The lawsuit alleged that Live Nation was using monopolistic tactics to box out competitors and control ticket prices.
As part of the agreement, Live Nation will pay $200 million to states that joined the lawsuit against the company for unfair ticketing practices. Forty state attorneys general joined the lawsuit after it was filed by the Biden administration in 2024.
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