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Remedy Entertainment
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- 1Jury finds Live Nation illegally monopolized ticket market▼Live Nation illegally monopolized the market for tickets, jury finds
A jury has found that Live Nation illegally monopolized the market for concert tickets in the United States. The verdict marks a major defeat for the events giant, which has faced years of criticism over high fees and its dominance of live entertainment. The ruling is expected to fuel debate over possible remedies, including potential structural changes to the company.
- 2Kustom Entertainment approves 1-for-10 reverse stock split▼Ten Kustom shares will become one as it seeks to meet Nasdaq's $1 minimum bid-price rule.
Kustom Entertainment has announced a 1-for-10 reverse share split intended to lift its stock price back above the $1 minimum bid required to keep its Nasdaq listing. The consolidation reduces the number of outstanding shares by a factor of ten without changing the company's overall market value, and investors are watching whether the move will secure its compliance and steady the share price.