Publishers and songwriters stand to gain leverage in a live music ecosystem cracked open by Live Nation and Ticketmaster’s antitrust defeat, where jury findings of illegal monopolization in ticketing and amphitheaters signal remedies that could slash venue control and boost competition for performance rights deals.
Live Nation Antitrust Verdict Hands States Total Win, Eyes Industry Remedies
A US federal jury found Live Nation and Ticketmaster illegally monopolized the US ticketing and amphitheater markets. The verdict on Wednesday, April 15, came after a five-week trial in Manhattan federal court and handed a landmark antitrust victory to a coalition of 33 states and the District of Columbia. The jury ruled in favor of the states on every claim and determined that consumers had been overcharged on tickets. This followed Live Nation reaching a settlement with the US Department of Justice. The result now sets the stage for a remedy phase that could result in significant changes to how the live entertainment industry operates.
Warner Music Group Partners with TuStreams on Latin Distribution Push
Warner Music Group forged a partnership with and made a minority investment in TuStreams, a distribution platform focused on Música Mexicana and the wider Latin music scene. Warner describes TuStreams as a leading independent force in the fast-growing Música Mexicana space. As part of the agreement, Warner Music Group will serve as the global distribution partner for TuStreams’ full catalog and future releases. The partnership brings together TuStreams’ entrepreneurial vision with Warner Music Group’s global infrastructure, unlocking new levels of scale, visibility, and opportunity across international markets.
Max Lousada and Julie Greenwald Unveil 26.2 Label in Sony Music Alliance
Max Lousada and Julie Greenwald took the wraps off 26.2, their new venture, launched in a strategic partnership with Sony Music. 26.2 is a record label. Not a distributor, not a joint venture, and not a services platform.
K-Pop Big Four Forge Festival Joint Venture to Challenge Coachella
K-pop’s Big Four — HYBE, JYP Entertainment, SM Entertainment and YG Entertainment — moved to establish a joint venture that will launch a global music festival, dubbed Fanomenon, intended to rival Coachella.
Watch the Live Nation remedy phase for operational shifts in live entertainment that could alter performance rights dynamics.
SOURCE TYPE: TRADE
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