What does the Live Nation verdict mean for concertgoers?

Music lovers who have complained for years about Ticketmaster fees for concert tickets are surely reveling in a jury verdict Wednesday that found its parent company Live Nation has been running a harmful monopoly over large venues across the U.S.

But they will have to wait to see if the verdict leads to changes that make concerts more affordable.

Here are some things to know about the verdict in the closely-watched antitrust battle:

No immediate relief for concertgoers

The lawsuit, initially led by the U.S. government under former President Biden, accused Live Nation of smothering competition and blocking venues from using multiple ticket sellers. Days into the trial, however, President Trump’s administration announced it would settle its claims against the concert giant. Some states joined the $280 million settlement, which still needs a judge’s approval, but more than 30 states pressed ahead with the trial.

A federal jury in New York found that Ticketmaster had overcharged customers $1.72 per ticket in 22 states, which a judge could order the company to pay back. That could cost Live Nation hundreds of millions of dollars.

“The jury’s verdict is not the last word on this matter,” Live Nation said in a statement Wednesday.

The verdict brings no immediate relief for concertgoers. But the states view it as a step toward opening the market to other companies in a way that will enhance competition and could slightly lower prices.

“There might be a few extra dollars that will come trickle down at consumers who bought tickets through Live Nation,” said Shubha Ghosh, a law professor at Syracuse University who focuses on technology and antitrust law. “Whether ticket prices will go down in the long run, I think it largely depends.”

Verdict could cost company hundreds of millions

The next step will be determining the penalties. Beyond the hundreds of millions that Live Nation could be ordered to pay, possible sanctions could force the company to sell off some of its venues. Live Nation owns, controls booking for or has equity in hundreds of venues, and its subsidiary Ticketmaster is the world’s largest ticket-seller for live events.

Live Nation has continued to insist that it is not a monopoly.

The company predicted that once the remedies phase of the case plays out and any appeals are resolved, the outcome likely won’t be much different from the deal it reached with the federal government.

U.S. District Judge Arun Subramanian told attorneys to meet and deliver a joint letter by next week that proposes a schedule for next steps.

Senators urge judge to scrutinize federal settlement

A group of Democratic senators wrote to the judge Wednesday after the verdict, urging him to closely scrutinize the Trump administration’s proposed settlement with Live Nation before he considers granting approval.

The deal includes a cap on service fees at some amphitheaters and new ticket-selling options that could allow promoters and venues to also use Ticketmaster competitors, such as SeatGeek, Eventbrite or AXS. However, it does not separate Ticketmaster from Live Nation, which was an original goal of the Justice Department’s (DOJ) 2024 complaint.

Democratic Sens. Amy Klobuchar (Minn.), Elizabeth Warren (Mass.), Cory Booker (N.J.), Richard Blumenthal (Conn.), Mazie Hirono (Hawaii) and Peter Welch (Vt.) argue the deal was “negotiated under suspicious circumstances” and does not go far enough in restoring competition or protecting customers, artists and independent venues.

The DOJ has called the settlement a “win-win for everybody,” and Live Nation has said it is pleased with a deal that increases access for other promoters.

The Associated Press contributed.

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