The U.S. Dept. of Justice said it had reached a tentative deal in the antitrust lawsuit against Ticketmaster and Live Nation Entertainment on Monday.
Critics of the event ticket outlet have accused the company of seeking a monopoly in the industry in order to artificially maintain high sales fees.
"Live Nation Ticketmaster created a dominant conglomerate with an unprecedented amount of control over the live ticketing market, resulting in monopoly power it has used to entrench its position in the marketplace," Mark Meador wrote in 2024 before being nominated to FTC commissioner.
On Monday, a senior Justice Department official said anonymously in a call with reporters that the deal was a "win-win for everybody."
