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Market Chatter: Live Nation Illegally Monopolized Ticketing Market, Jury Says

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Live Nation Entertainment (LYV) illegally monopolized the live-events ticketing and amphitheater markets, a New York federal jury found, Bloomberg reported Wednesday.

The jury also concluded that Live Nation and its Ticketmaster unit illegally tied access to company-owned venues to the use of its concert-promotion services, the report said.

The company's conduct caused concertgoers to overpay by $1.72 per ticket, the jury said, according to the report.

US District Judge Arun Subramanian will review the findings to determine the financial damages and any additional remedies, the report said.

Live Nation did not immediately respond to a request for comment from.

Live Nation shares fell 0.5% in after-hours trading after dropping 6.3% in the regular session.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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