Ben Cesario

Thank you.

It's a huge deal in the music industry.

Live Nation and Ticketmaster were found to be a monopoly in a resounding verdict.

And Live Nation is a colossus in music.

They're a giant company.

They put on tens of thousands of concerts all over the world every year.

They sell something like 600 million tickets every year on Ticketmaster.

Wow.

They own hundreds of venues.

They have deals with dozens of artists for their tours.

If you saw Beyonce, Coldplay, The Weeknd, Kendrick Lamar, Metallica, those are Live Nation tours.

If you saw a tour by an artist working with Live Nation, you may have seen it in a Live Nation venue.

You may have bought the ticket from Ticketmaster.

While you were at the venue,

You bought a hot dog and beer.

Live Nation may well have gotten some of that money.

They sort of touch almost every aspect of live entertainment.

And this was a pretty dramatic trial, at least when it came to an antitrust case, which is a lot of minutia about economics and markets usually.

But this case had a lot of twists and turns.

And even the fact that it came to a verdict –