Live Nation, the parent company of Ticketmaster, has reached a major settlement with the U.S. Department of Justice to resolve a federal antitrust lawsuit accusing the company of dominating the live entertainment industry and limiting competition.

The lawsuit was originally filed in 2024 by federal prosecutors and dozens of state attorneys general, with the case seeking to dismantle Live Nation’s control over the live music ecosystem, which critics say stretches from artist management and concert promotion to venue ownership and ticket sales. The company has consistently denied wrongdoing, maintaining that artists ultimately set ticket prices and decide how tickets are distributed.

The settlement requires Live Nation to overhaul several of its business practices while paying hundreds of millions of dollars to states that joined the case. As part of the deal, Live Nation will pay roughly $200 million to $280 million in penalties and damages to the 40 states involved in the case. The company must also sell at least 13 amphitheaters—more than 10% of its holdings—to reduce its influence over concert venues. Investigators had previously alleged the company controlled about 78% of major amphitheaters across the country.

The deal also introduces several changes aimed at opening the ticket marketplace to competitors. Ticketmaster will be required to allow other companies to access its technology so they can sell tickets through its platform. Third-party sellers such as SeatGeek and Eventbrite will now be able to list tickets directly within the system.

In addition, venues will no longer be locked into exclusive long-term agreements with Ticketmaster. They will be able to work with multiple ticketing providers, and artists will no longer be required to sell tickets solely through the platform. The settlement also caps service fees for amphitheater tickets at 15% of the ticket’s face value and prohibits Live Nation from retaliating against venues that choose other ticketing partners.

A senior Justice Department official said the changes should create meaningful competition in an industry that has long been criticized by fans and performers: “we’re very excited about this settlement, because it basically opens up markets for other competitors, which will allow for competition that previously didn’t exist in primary ticketing and in the live entertainment space,” the official said, adding the reforms should “have a direct impact on prices coming down.”

However, the agreement has not been universally accepted. More than two dozen states have expressed concerns and plan to continue pursuing the lawsuit, arguing the settlement does not go far enough to break the company’s dominance. New York Attorney General Letitia James said the deal “fails to address the monopoly at the center of this case.” In a separate statement, she added, “The settlement recently announced with the U.S. Department of Justice fails to address the monopoly at the center of this case, and would benefit Live Nation at the expense of consumers. We cannot agree to it.”

While the settlement allows Live Nation to keep Ticketmaster, regulators say the new restrictions and required asset sales are intended to loosen the company’s grip on the live entertainment marketplace and give competitors a greater chance to operate.

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