President

President Trump spoke to Live Nation CEO before antitrust case was settled, company lawyers reveal

Published

on


NEW YORK (AP) — President Donald Trump spoke personally with the chief executive of Live Nation in the weeks before the Justice Department abruptly settled its longstanding antitrust lawsuit against the entertainment giant and its Ticketmaster subsidiary, the company revealed in a court filing.

Lawyers for Live Nation told the court on Monday that Trump and the company’s CEO, Michael Rapino, spoke about the antitrust lawsuit in February, but didn’t discuss “substantive terms” of any potential settlement.

They also said that White House lawyers were involved in some of the numerous in-person meetings, videoconferences, telephone calls and written communications between the company and the Justice Department in February and March.

Just days into the March trial, the Justice Department announced a settlement that most states refused to join, saying it did not go far enough to curb the company’s dominance over concert venues and ticketing for live events though Ticketmaster.

The trial continued, and a jury concluded several weeks later that the company was a monopoly that cost concertgoers and sports fans.

The White House declined to comment on Live Nation’s disclosure, referring questions to the Justice Department, which didn’t immediately respond to messages seeking comment.

The revelation comes as the Justice Department has faced criticism that its independence has been threatened by substantial oversight or interference from the White House and the president.

The Justice Department and dozens of states originally teamed up to bring the antitrust lawsuit against Live Nation.

Among other things, the jury in New York found Ticketmaster’s anticompetitive practices led to people in 22 states paying an extra $1.72 per ticket, which the judge could order the companies to pay back.

State attorneys general who sued Live Nation said the verdict could potentially lead to lower ticket prices for music fans.

The federal government’s settlement deal included a cap on service fees at some amphitheaters, plus some new ticket-selling options for promoters and venues — potentially allowing, but not requiring, them to open doors to Ticketmaster competitors such as SeatGeek or AXS.

In April, Live Nation said in a statement that the verdict “is not the last word on this matter.”



Source link

Trending

Exit mobile version