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Live Nation has reached a settlement with the Department of Justice, avoiding a forced breakup of Ticketmaster. The deal aims to increase competition and lower prices by granting rivals access to ticketing systems and limiting venue exclusivity.
Live Nation has reached a settlement with the Justice Department, avoiding a breakup of the concert giant. The deal requires Ticketmaster to open its ticketing system to rivals and Live Nation to divest venues, aiming to increase competition. However, the impact on ticket prices is expected to be modest, and several states continue their own legal battles.
