Live Nation lost in court. Here’s what it means for concerts.
The context you need, when you need it
When news breaks, you need to understand what actually matters — and what to do about it. At Vox, our mission to help you make sense of the world has never been more vital. But we can’t do it on our own.
We rely on readers like you to fund our journalism. Will you support our work and become a Vox Member today?
Today, Explained newsletter
Live Nation lost in court. Here’s what it means for concerts.
The case could, over time, chip away at Live Nation’s dominance in the live music market.
This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day. Subscribe here.
Live Nation will have to face the antitrust music, a federal jury in New York ruled this week, declaring that America’s preeminent concert middleman is an illegal monopoly. This was not news to those of us who’ve attended a concert in the past, oh, dozen years. You could score a ticket to Celine Dion’s comeback tour with all the money I’ve tithed to Live Nation in service fees and charges.
The verdict is an important recognition, however, that all is not well on America’s concert scene. So this morning, we’re taking a look at why live music got so expensive — and how this verdict could change things.
Before we get into the issues in the case, let’s tackle the marquee question: No, this verdict won’t (immediately, or even necessarily) lower ticket prices. The court hasn’t assessed penalties yet. And Live Nation has already signaled it will likely appeal. But the case could still, over time, chip away at Live Nation’s dominance in the live music market.
Understand the world with a daily explainer, plus the most compelling stories of the day.
How much of the industry does Live Nation control, anyway?
A lot of it. Too much of it, according to this verdict. Since 2010, when Ticketmaster and Live Nation merged, the combined company has dominated not just ticketing, but venue management, artist management, and event promotion in the US.
This lawsuit alleged that Live Nation controlled, as of........
