FTC Sues Ticketmaster For Deceiving Artists And Consumers With Expensive Resales
Headline from Forbes
The Federal Trade Commission accused Ticketmaster and Live Nation of generating a profit by allowing ticket brokers to buy hordes of tickets and resell them for high prices.
Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Federal Trade Commission accused Ticketmaster and Live Nation of generating a profit by allowing ticket brokers to buy hordes of tickets and resell them for high prices.
By Jordan Valinsky, CNN New York (CNN) — The United States federal government and seven states are suing Ticketmaster and its parent company, Live Nation Entertainment, for failing to crack down on ticket resellers, which is forcing customers to “pay substantially more than face value” for popular c…
(NEXSTAR) – The Federal Trade Commission (FTC) and attorneys general from seven states are suing Ticketmaster and its parent company for allegedly profiting on fees while turning a blind eye to widespread, illegal resale tactics.
Federal regulators sued Ticketmaster and Live Nation for allegedly coordinating with brokers to harvest tickets and sell them at substantial markups to consumers.
The Federal Trade Commission filed a lawsuit against Ticketmaster and its parent company, Live Nation, on Thursday, alleging that the company willingly misleads consumers about ticket prices and cooperates with scalpers to markup resale prices.
In a court filing, the Federal Trade Commission accused ticket-selling giants Ticketmaster and Live Nation of acquiring illegal brokers and deceiving customers with lower prices.
The US Federal Trade Commission and seven states sued Live Nation Entertainment Inc. and its Ticketmaster subsidiary for failing to stem the use of automated ticketing bots and large-scale resale operations.
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