Musician Franz Nicolay Testifies Before Congress on Live Nation/Ticketmaster Monopoly
By
Chris DeVille
12d ago· 4 min readenNews
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Summary
The article covers a congressional forum where Democratic lawmakers heard testimony from musician Franz Nicolay (The Hold Steady) about the Live Nation/Ticketmaster monopoly. It discusses the controversial DOJ settlement that avoided breaking up the company despite a federal jury finding it to be an illegal monopoly, and highlights the political dynamics including President Trump's reported involvement and Kid Rock's opposing stance.
Key quotes
· 3 pulledEarlier this year, Live Nation Entertainment and Ticketmaster reached a surprise settlement with the Justice Department in a major antitrust case
The agreement avoided a breakup of Live Nation/Ticketmaster, even after a federal jury later found the company to be an illegal monopoly in a separate lawsuit brought by dozens of states
Monday, Democratic lawmakers held a forum on the DOJ settlement and monopoly verdict, headed up by the Ranking Me
Earlier this year, Live Nation Entertainment and Ticketmaster reached a surprise settlement with the Justice Department in a major antitrust case — a deal President Donald Trump reportedly pushed for, to the dismay of his ally Kid Rock, who has pushed har
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