Live Nation Antitrust Penalties Could Be Imposed by 2027

The states that won an antitrust verdict against Live Nation and Ticketmaster will submit their proposed remedies to a federal judge May 21, formally kicking off the trial’s penalty phase, which is likely to stretch into 2027.

Though the jury which found Live Nation operated as an illegal monopoly already set damages at roughly $150 million — which by law will be trebled, accounting for the $450 million “legal accrual” Live Nation booked in its latest earnings report — the states will certainly ask U.S. District Court Judge Arun Subramanian for further remedies, which, if the rhetoric of the victorious attorneys-general is any indication, will include the breakup of the live giant and its ticketing arm.

Subramanian said once the plaintiffs have entered their proposed remedies, he will enter a full scheduling order which he “intends to for the most part adopt defendants’ proposed schedule.” Ultimately, the biggest open question is how soon after that May 21 filing the discovery process begins in what is essentially a bench trial. Under the proposal mentioned by Subramanian, the clock would start on a penalty process with deadlines that stretch into early next year.

In parallel, Subramanian will be conducting a separate process required by the Nixon-era Tunney Act, which requires a judicial review of any antitrust settlement. The federal government and a handful of states entered a separate peace with Live Nation just days after the trial began with settlement terms that included the creation of a claims fund, a 15% cap on Ticketmaster fees at Live Nation-owned venues, a restructuring of exclusivity deals at a handful of amphitheaters, the termination of an exclusive ticketing contract with Oak View Group ( Pollstar ‘s parent company) and more. The deal has been criticized as overly conciliatory to Live Nation by, among others, a group of Democratic senators and, in any event, with the vast majority of states — with AGs of both political parties — continuing on with the trial after the settlement, its implicit they too were unhappy with the results.

There doesn’t seem to be much likelihood of a settlement now between the remaining states and Live Nation. A New York state’s attorney told Subramanian “As far as the states are concerned, right now we are entirely razor-focused on the remedies proceedings,” according to Courthouse News Service .

Subramanian said he expects his Tunney Act ruling in September or October.

_Originally reported by [Pollstar](https://news.pollstar.com/2026/05/11/live-nation-antitrust-penalties-expected-in-2027/)._