FTC Targets Live Nation, Ticketmaster for Enabling Illegal Ticket Reselling, Deceiving Artists and Fans
Summary
The Federal Trade Commission sues Live Nation and Ticketmaster for enabling ticket brokers to illegally acquire and resell millions of tickets at inflated prices, deceiving artists and fans by advertising lower ticket prices while hiding mandatory fees, costing consumers billions.
Key Points
- The FTC sues Live Nation and Ticketmaster for allowing ticket brokers to illegally obtain and resell millions of tickets at inflated prices
- Ticketmaster deceives artists and consumers by advertising lower ticket prices and hiding mandatory fees
- Ticketmaster earns hundreds of millions from reselling tickets acquired illegally by brokers, costing consumers billions in inflated prices and fees