What comes next?
Arun Subramanian, the judge overseeing the case, will ultimately determine the remedies, which could include divestments by Live Nation of some its entities or ordering Live Nation and Ticketmaster, which merged in 2010, to break up—which the Biden Administration’s Justice Department had called for. Live Nation may also be ordered to pay back overcharges, which would cost the company millions of dollars.
Following the verdict, the judge told both sides’ attorneys to meet and jointly deliver a letter proposing a schedule for next steps, including addressing remedies, according to the Associated Press.
States have viewed the ruling as a way to open up the market to other companies, in a bid to lower prices. But Shubha Ghosh, professor of law at Syracuse University, told the AP that while the ruling could be slightly felt by those who bought tickets through Ticketmaster, “whether ticket prices will go down in the long run, I think it largely depends.”
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