SPECIAL DELIVERY: Live Nation Entertainment has settled a class-action lawsuit over fees charged by its current partner, Ticketmaster. The suit, originally filed by two individual plaintiffs in 2003, alleged that TM misled customers when added “delivery fees” of $14.50-25 on ticket prices. The plaintiffs claimed that the fees simply were actually designed to boost the company's profit. In December, Live Nation set aside $22.3 million to pay for legal fees and issue refunds to affected customers. Concurrently, it reduced its expected Q4 earnings by the same amount, plus $4.9 million to "restructure its North American concerts business," according to a report filed Wednesday with the SEC. As a result, LN expects its quarterly operating income to be $362 million, down from the previous estimate of $389 million. While the company admitted no wrongdoing, it said Ticketmaster would "make certain changes to disclosures on its website." (1/27a)
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/19a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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