Justice Department and Live Nation reach settlement over illegal monopoly case, AP source says

WASHINGTON (AP) — The Justice Department has reached a settlement in its antitrust lawsuit against Ticketmaster and its parent company, California-based Live Nation Entertainment. The case alleged there was an illegal monopoly over live events in America. The settlement was confirmed Monday by a person familiar with the matter who could not publicly discuss details of the agreement publicly and spoke to The Associated Press on the condition of anonymity. It comes as the two sides face trial in New York over whether to dismantle the monopoly the Justice Department said was squelching competition and driving up prices for fans. Live Nation has maintained that artists and teams set prices and decide how tickets are sold.

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