On Wednesday, a federal jury found that Live Nation engaged in anticompetitive practices that stifle competition and harm the live music industry. The verdict marked a major victory for more than two dozen states in the antitrust trial against the live entertainment company, and has the potential to transform the concert ecosystem in the U.S.
Live Nation owns, operates or works with hundreds of venues across the country. It also manages artists, promotes concerts, books tours and owns Ticketmaster, which is one of the largest ticketing companies in the world. Throughout the trial, an attorney representing 33 states and the District of Columbia argued that Live Nation wielded too much power over the industry at the expense of fans, venues and artists. Live Nation repeatedly denied those accusations, but the jury ultimately sided with the states, declaring that the company had an unfair dominance in the industry.
Afterwards, Live Nation issued a statement saying the verdict "is not the last word on this matter" and pointed to several pending motions that the court still has to rule on. The company said it plans to appeal any "unfavorable rulings."
Several artists and organizers NPR spoke with say they don't expect to see any immediate changes in the live music industry — but they see this is a first step in the right direction.
Having this scale of a win is a huge development for artists.Downtown Boys member and UMAW co-founder Joey La Neve DeFrancesco
Joey La Neve DeFrancesco is a guitarist and vocalist in the Providence, R.I. punk band Downtown Boys. In 2020, as the COVID-19 pandemic wreaked havoc on the music industry, DeFrancesco founded the United Musicians and Allied Workers (UMAW), a grassroots union advocating for the wellbeing of artists. Since then, the group has organized campaigns focused on increasing streaming royalties, merchandising payouts and SXSW payment rates for musicians. DeFrancesco says UMAW heavily supported the antitrust lawsuit against Live Nation and was closely monitoring the trial.
"We were all ecstatic. It's been decades that artists have been fighting this company," DeFrancesco says, citing Pearl Jam's boycott of Ticketmaster in the early 1990s. "It remains to be seen what the judge is going to do with this verdict — if we're going to truly break apart this Live Nation-Ticketmaster monopoly. But having this scale of a win is a huge development for artists."
More than just ticket prices
The Live Nation verdict comes at a time when many working musicians say they're struggling to make ends meet. As the value of recorded music has decreased with streaming, there's an increased emphasis on touring and merch sales to make up the difference. But artists NPR spoke with say the rising costs of transportation, lodging, food and other factors required to put on shows are creating an untenable situation.
Conor Murphy is a St. Louis, Mo. based musician who spent more than a decade as the lead vocalist of the emo band Foxing and now continues to perform as Smidley. In the fall, Foxing announced it would be going on an indefinite hiatus. Murphy says there's a multitude of reasons for the break, but one of the leading factors is how financially unsustainable it's become to be a full-time musician. He says it's especially frustrating, then, to see fans spending more than ever on concert tickets. (As part of the Live Nation verdict, the jury found that Ticketmaster had overcharged fans in some states by $1.72 per ticket).
"My bands in particular, from my experience, we're not seeing the benefits of ticket prices being more expensive," he says. "We're not taking home more money at the end of tours."
Murphy's not alone Damon Krukowski is a writer, UMAW organizer and one-half of the indie-folk duo Damon & Naomi. He says he and his wife Naomi Yang recently sold out three performances in London, and still ended up in the negative.
"Three nights at our favorite club, sold out, and we lost money because expenses are so high right now," he says. "It's not the club's fault. We love that club and they're transparent about money and everything. It's not the fans' fault. But it's like, if you're charging normal money at a decent, normal club, it's not adding up right now."
Krukowski says he thinks the problem is a wider consolidation of power across the industry — that includes Live Nation, but also extends to streaming giants and recorded music companies. He says the industry looks completely different today than it did when he started playing music in Boston in the 1980s.
"We used to have such a wide variety of partners to work with as independent artists. We had venues that were independently owned. We had record stores that were independently owned," he says. "We had a network on the radio that was community and college radio stations, and we had a way of touring that didn't depend on these huge companies that are backed by enormous capital."
Impact on local scenes
All of the artists NPR spoke with say they hope the Live Nation verdict leads to lower ticket fees for fans as well as more robust competition and investment in small, local music scenes across the country. A study conducted by the National Independent Venue Association (NIVA) found that 64% of independent venues, promoters and festivals were not profitable in 2024.
It's a win for the fans and the artists that have suffered under Live Nation for way too long.Stephen Parker, executive director of the National Independent Venue Association (NIVA)
Stephen Parker, executive director of NIVA, tells NPR that the verdict is incredibly meaningful at a time when so many venues are struggling.
"It's not just a win for the states. It's a win for the small businesses and nonprofits that I represent," he says. "It's a win for the fans and the artists that have suffered under Live Nation for way too long."
In past statements to NPR, Live Nation has said that it promotes thousands of shows in independent venues across the country.
In Boston, Krukowski says the local landscape has shifted dramatically in recent years. Two major venues with over 3,500 capacity have been built in the city since the pandemic; one is operated by Live Nation and the other is owned by a partner of AEG Presents, which is Live Nation's biggest competitor. But small clubs and independent venues with much lower capacities have shuttered across the city.
"That means that my friends who play adventurous, independent music or improvised music have nowhere to play in Boston. So they don't," he says. "They go on tour and they don't play here."
Krukowski's not the only one who's noticed a shift. Online, some music fans on Reddit have posted about certain bands skipping Boston on tour, and touring in smaller markets instead. Krukowski says one such place booking notable lineups is Portland, Maine.
There, the Maine Music Alliance — a coalition of artists, venues, music industry workers and community members — has been leading a fight against Live Nation's proposal to build a 3,300-seat concert hall in the city. So far, the group has succeeded in getting a temporary moratorium on large venues in Portland, which was recently extended until September.
Scott Mohler is executive director and co-founder of the Maine Music Alliance. He says the verdict comes at a crucial moment for the group's ongoing battle against Live Nation.
"This is incredible legitimacy added to what I think a lot of people have thought are just a bunch of hippies and hipsters shouting about the corporation for the past year," he says. "I do think that it's going to certainly create more engagement and the council will be hearing from voices that they hadn't heard from before."
In the meantime, individual artists are doing what they can. Pop-rock singer Caroline Rose says they've been avoiding working with Live Nation as much as possible in recent years. They say the verdict is "a pretty amazing milestone" for now, but they're curious about what will actually happen next.
"We'll see how it pans out. I have a general distrust that things ever turn out in artists' favor," Rose says, laughing. "We've just been burned so many times."
In 2025, Rose released their album year of the slug exclusively on Bandcamp and in physical format. Since then, they've been focused on smaller solo tours in independent venues across the country. They say playing intimate rooms creates an incredibly rewarding, almost spiritual connection with the audience — and they say it's been refreshing to focus on those interpersonal connections rather than constantly trying to size up to the next biggest possible venue.
"By far, the most positive and nourishing experience has been working with the venue staff and the promoters that work at these independent clubs," Rose says. "It's a totally different type of show and a totally different type of experience, as opposed to when you get into the bigger rooms and you have better sound systems and maybe there's not a bathroom with no seats on the toilets anymore. But I do think it's important to pay homage to those venues and actively support them and treat them with respect."
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