On Monday, Live Nation Entertainment Inc. reached a settlement with the Department of Justice (DOJ) a week into its antitrust trial. The government had argued that the company’s subsidiary Ticketmaster constituted an illegal monopoly over the ticketing industry. As conditions for the settlement, Ticketmaster agreed to provide a standalone ticketing system for third-party use, divest from exclusive arrangements with up to 13 amphitheaters, reserve 50% of tickets for nonexclusive venues, and cap ticketing service fees at 15% for events in amphitheaters it owns.
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