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‘The concert ticket industry is broken,’ justice department says as Ticketmaster trial begins
The US Department of Justice antitrust trial against Live Nation and its subsidiary Ticketmaster has begun in Manhattan, with dozens of states seeking damages for consumers. Prosecutors allege the entertainment giant abused its market power to maintain illegal monopolies in the concert industry. An attorney for New York state revealed Ticketmaster keeps an average of $7.58 per ticket at major concert venues. The trial could result in a court-ordered breakup of Live Nation and Ticketmaster or req