Live Nation will extend the 2010 consent decree regarding the Beverly Hills-based company’s merger with Ticketmaster until 2025, the U.S. Department of Justice announced Thursday.
The final judgment permitted Live Nation to merge with Ticketmaster but prohibited the music promotions company from retaliating against venues for using another ticketing firm, threatening concert venues or undertaking other actions against venues for 10 years.
Despite those prohibitions, Live Nation repeatedly and over the course of several years, allegedly engaged in conduct that violated the consent decree, according to the DOJ.
To put a stop to this conduct and remove any doubt about the music promoters’ obligations, the DOJ and Live Nation agreed to modify the consent decree to make clear that such conduct is prohibited, according to a motion filed in federal court in Washington, D.C.
In addition, Live Nation has agreed to extend the term of the consent decree by five and a half years, which will allow concert venues and concertgoers to get the benefit of the relief federal prosecutors bargained for in the original settlement, according to the DOJ.
The proposed modifications will also help deter additional violations and allow for easier detection and enforcement if future violations occur, the DOJ said.
“When Live Nation and Ticketmaster merged in 2010, the Department of Justice and the federal court imposed conditions on the company in order to preserve and promote ticketing competition,” said Assistant Attorney General Makan Delrahim of the DOJ’s antitrust division.
The new enforcement action “will ensure that American consumers get the benefit of the bargain that the United States and Live Nation agreed to in 2010,” he said, adding that the DOJ “will not tolerate transgressions that hurt the American consumer.”
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