Live Nation did $25.2 billion in revenue last year. Their concerts business ran at a 3.3% operating margin. The ticketing fees that a New York jury just ruled an illegal monopoly carry the profit. Ticketmaster controls 86% of ticketing at the 250 major US concert venues with 8,000+ capacity that host 10+ shows a year. 16 years after the 2010 merger the DOJ approved under consent decree, a Manhattan jury found consumers in 22 states were overcharged $1.72 per ticket. At the scale Ticketmaster…