New York —
Live Nation and Ticketmaster have reached a settlement with federal authorities over accusations the ticket giant’s business practices created a monopoly of the live events music industry.
A senior justice official said in a briefing Monday that the agreement will give consumers more options and bring down prices. However, the settlement avoided a breakup of Live Nation and Ticketmaster, which was a demand from some of the more than 30 states suing the company.
In a major change, Ticketmaster will let facilities use competitors like SeatGeek and StubHub to sell tickets,