‘While No One’s Looking,’ Trump DOJ Settles Antitrust Case With Live Nation-Ticketmaster

The Trump Justice Department on Monday reportedly reached a tentative deal with Live Nation—the owner of Ticketmaster—to settle a Biden-era antitrust lawsuit that aimed to break up the company, accusing it of illegally monopolizing the live entertainment industry.

News of the settlement, which would not require a breakup of Live Nation, came days after the trial began, with a lawyer for the Trump Justice Department's decimated antitrust division saying last week that the company abuses its market power and earns its massive profits "through illegal action." The antitrust division's counsel in the case, David Dahlquist, was apparently not made aware of the settlement until he appeared in court Monday morning.

Lee Hepner, senior legal counsel at the American Economic Liberties Project, said it is "highly unorthodox for the Justice Department’s lead litigator to be left out of the loop on the settlement and highly prejudicial to the jury’s deliberations."

“According to every observer, this trial was already going well for the Justice Department and states," said Hepner. "They had just won summary judgment and a jury had already heard evidence of Live Nation’s longstanding pattern of retaliation against venues who had attempted to open the market to competition. State AGs are once again left to clean up the mess left by this Administration’s incompetence.”

Under the settlement, which must be approved by a judge, Live Nation "would pay a fine of up to $280 million and divest itself of at least 13 amphitheaters across the country as it opens up its ticketing processes so that competitors can share in the sale of tickets," the Associated Press reported.

The National Independent Venue Association (NIVA), a trade group representing thousands of independent live entertainment venues, festivals, and promoters, noted in a statement that the reported $280 million settlement amount "is the equivalent of four days of [Live Nation's] 2025 revenue, which means they could potentially make it back by this Friday."

"The reported settlement does not appear to include any specific and explicit protections for fans, artists, or independent venues and festivals," said Stephen Parker, NIVA's executive director. "Reported details also indicate that ticket resale platforms could be further empowered through new requirements for Ticketmaster to host their listings, which would likely exacerbate the price gouging potential for predatory resellers and the platforms that serve them."

"If these facts are true," Parker added, "NIVA views this as a failure of the justice system."

The antitrust lawsuit against Live Nation was filed in 2024 after a nearly two-year investigation launched amid mounting public outrage aimed at Ticketmaster, spurred in part by its botched presale of Taylor Swift concert tickets in 2022. Then-President Joe Biden's Justice Department filed the complaint in partnership with 30 state attorneys general, most of whom vowed Monday to continue the fight without the Trump administration's support.

"For years, Live Nation has made enormous profits by exploiting its illegal monopoly and raising costs for shows," said New York Attorney General Letitia James. "My office has led a bipartisan group of attorneys general in suing Live Nation for taking advantage of fans, venues, and artists, and we are committed to holding Live Nation accountable."

The settlement deal comes weeks after Gail Slater, the former head of the Justice Department's antitrust arm, was pushed out by DOJ leadership. Prior to Slater's removal, Live Nation executives and lobbyists had reportedly been negotiating the terms of a possible settlement with senior Justice Department officials outside of the antitrust office, heightening corruption concerns.

Emily Peterson-Cassin, policy director at the Demand Progress Education Fund, said in a statement that "this settlement amounts to a slap on the wrist that tinkers around the edges of the real problem: Live Nation’s monopoly."

"Instead of breaking up Live Nation and Ticketmaster, Live Nation will now get to continue forcing the vast majority of live venues to use Ticketmaster," said Peterson-Cassin. "Following the ousting of Gail Slater and the gutting of the government’s antitrust enforcement capabilities, this settlement is the clearest sign yet that this administration serves big business, not the people."