Correction: A previous version of this story incorrectly reported that Maine Savings Amphitheater could be sold as part of the settlement. Live Nation doesn’t own or control the venue.
The Maine Savings Amphitheater in Bangor will need a new contract for its ticket seller as part of a federal lawsuit settlement with Ticketmaster and Live Nation.
The Justice Department reached a tentative settlement on Monday in the antitrust lawsuit against Ticketmaster and Live Nation Entertainment. A seven-page terms sheet released Monday outlines what must happen if a judge approves the settlement as is, including the divesting its ownership or control of 13 Live Nation amphitheaters.
On that list is the Maine Savings Amphitheater in Bangor. The 14,000-seat venue hosts the city’s biggest summer concerts. It is the only New England venue on the list.
If the settlement is approved, a new ticket seller will be implemented after the venue requests companies submit bids, according to the settlement terms.
Alex Gray, president of Waterfront Concerts, the company that owns the venue and books concerts there, said Wednesday that the only impact will be that the venue will get a new contract for ticketing services.
The lawsuit accused Ticketmaster and Live Nation of running an illegal monopoly with live events across the United States. It accused the companies of hurting artists and adding expensive fees to fans’ costs.
The tentative settlement outlines how Live Nation must fix those issues, including by allowing tickets to be sold by other entities and capping service fees at some venues.