The Crowbar nightclub in Tampa, Florida, closed for the last time on July 31 after 20 years, citing rising costs and competition from Live Nation, which plans to open its own venue nearby. The National Independent Venue Association says 480 independent venues and 240 music festivals have shut since 2020, with 160 closing so far this year. Independent operators blame the market power of Live Nation, whose Ticketmaster handles an estimated 86% of the U.S. concert market, alongside the pandemic and inflation. States that rejected a Trump administration settlement won a jury verdict in April that Live Nation illegally monopolized live events, and now want a federal judge to order a breakup. Live Nation denies dominance, saying it promoted over 5,000 shows last year at venues it doesn't own, and plans to appeal the verdict.
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