(CelebrityAccess MediaWire) — The highly-publicized case between Clear Channel Communications and JamSports was quietly settled just before the official spinoff of CCC’s live entertainment division, Live Nation, formerly known as Clear Channel Entertainment, on December 22. The dispute was officially settled two days earlier, according to Billboard.biz.
JamSports, the motorsports division of Jam Productions, originally filed suit in April of 2002, concerning promotion of American Motorcycle Association events. JamSports claimed that CCE used its leverage as the world’s largest live entertainment producer to intimidate venue managers, threatening that they would lose CCE events if they went with JamSports on supercross events.
On March 21st of last year, a Chicago jury awarded JamSports $90 million in damages, but an appeals court threw out the verdict in August. A new trial was ordered on the issue of damages.
“We are very, very, very, very happy and elated this matter is behind us,” Jerry Mickelson, co-president of Jam, told Billboard.biz.
Settling the case allowed Live Nation to begin its life as a free standing, publicly traded entity without being burdened with at least one of its legal issues. –by CelebrityAccess Staff Writers