FTC sues Ticketmaster, Live Nation, alleging ‘illegal’ ticket resales
The US Federal Trade Commission filed a lawsuit against Ticketmaster and its parent company on Thursday, Live Nation EntertainmentThe “illegal” ticket is called re -sales tactics.
The case was opened in the federal court in California. Seven states attended the case, including Florida, Illinois and Virginia.
In the file, FTC wrote that companies allow “to buy illegally” to increase their profits by writing “implicitly working” with Scalpers.
“[Ticketmaster and Live Nation’s] Illegal behaviors disappoint the desire of artists to protect the desire to protect affordable ticket prices to the needs of ordinary American families, cost millions of dollars every year. “
Ticketmaster claims that he had received a “feed and transition” approach, According to FTC, the company allows the company to change ticket prices to effectively increase the total prices. He also claims that the company’s vehicle allows the vehicle to exceed the ticket limits to re -sales and violates better online ticket sales law.
FTC, Ticketmaster’s primary market brokers, secondary market brokers and secondary market consumers in the secondary market by collecting wages effectively claimed that “triple immersion”. The Consumer Protection Agency said the company has earned $ 3.7 billion in re -sold tickets between 2019 and 2024.
FTC, alleged applications on both sides of the sales of consumers and artists caused injuries, he said.
According to FTC, Ticketmaster checks about 80% of the tickets of the big concert venues and consumers between 2019 and 2024 have spent more than $ 82 billion tickets on the platform.
Ticketmaster and Live Nation did not respond immediately to comments.
Live Nation shares fell by about 2% after the news of the case.
Ticketmaster is also under investigation in the UK’s use of “dynamic pricing” for ticket sales of Britp Band Oasis for re -merger concerts. Dynamic pricing is a tactic that reflects wider changes in the market in many concert sales and is used to justify higher prices.
Last year, the Ministry of Justice filed a lawsuit to disintegrate live Nation and Ticketmaster on the allegations of antitröst violations and claimed that the company was a huge monopoly in the ticketing industry. The case watched the company’s 2022 investigation after the presentation of tickets for the Eras tour of Taylor Swift.
