Live Nation Entertainment Issues Official Statement

The recent jury verdict is not the final legal resolution. Key motions remain pending and could alter liability and damages findings.

Live Nation Entertainment issues an official statement announcing it will press renewed legal challenges. The company plans to seek judgment as a matter of law on all liability theories.

Pending motions and appeals

Court rulings on post-trial motions are outstanding. The court previously said Live Nation’s motion raises substantial issues.

A separate motion seeks to strike the damages expert’s testimony. The court deferred ruling while expressing concerns about that analysis.

Live Nation has stated it will appeal any adverse rulings. Appeals could follow after the court decides the post-trial motions.

Scope of the jury award

The jury awarded $1.72 per ticket for a limited set of sales. That award covers tickets sold at 257 venues during a five-year window.

The affected venues equal roughly 20 percent of total ticket inventory. The award applies to fan purchases in certain states and excludes brokers.

Estimated damages

Based on the covered transactions, the company estimates aggregate single damages under $150 million. Those damages, if upheld, would be subject to trebling under applicable law.

DOJ settlement and injunctive relief

Live Nation has already accrued $280 million related to state damages and civil penalties. That accrual connects to the earlier DOJ settlement.

Injunctive remedies remain undecided. The court will set relief after states submit their remedy proposals, expected in coming weeks.

Tunney Act proceedings

Tunney Act review of the DOJ settlement will continue alongside state proceedings. The company said it expects the ultimate outcome to align with the DOJ framework.

Legal developments remain fluid. Filmogaz.com will monitor filings, rulings, and appeals as the case proceeds.