US EditionFTC sues Live Nation, Ticketmaster over resales
The FTC and seven states allege Ticketmaster and Live Nation enabled brokers to buy and resell millions of tickets at inflated prices, generating $16.4 billion in fees from 2019 to 2024.
- The Federal Trade Commission and several state attorneys general filed a lawsuit against Ticketmaster and Live Nation, claiming they use illegal tactics that inflate ticket prices and mislead consumers about ticket limits and pricing.
- The FTC alleges that Ticketmaster enables brokers to exceed ticket purchase limits and benefits from resale fees, making it harder for fans to acquire tickets at face value.
- The lawsuit was filed in the U.S. District Court for the Central District of California and seeks civil penalties against Ticketmaster for deceptive practices that led to $82.6 billion in ticket sales from 2019 to 2024.
- The lawsuit seeks penalties for violations of the Better Online Ticket Sales Act and aims to hold Ticketmaster accountable for deceiving consumers.
258 Articles
258 Articles
Live Nation Shares Fall 6% on FTC Lawsuit, Sphere Gains for Fifth Straight Week as ‘Oz’ Soars
As U.S. stocks soared following a U.S. Federal Reserve interest rate cut, Live Nation shares fell in the wake of a lawsuit from the Federal Trade Commission (FTC) over what the agency called “years of systemic unfair and deceptive practices.” The high-flying stock dropped 5.8% to $163.72, lowering its year-to-date gain to 65.7%. Live Nation’s stock dropped 2.5% after Bloomberg reported Monday (Sept. 15) that the FTC was investigating the compa…
The Federal Trade Commission of the United States Government (FTC) reported this Thursday that it filed a lawsuit against Ticketmaster and his parent company, Live Nation, for engaging in illegal ticket resale tactics.
U.S. regulator sues Ticketmaster and Live Nation, alleging illegal resale tactics
The U.S. Federal Trade Commission and a bipartisan group of state attorneys general sued Ticketmaster and its parent company on Thursday, saying they are forcing consumers to pay more to see live events through a variety of illegal tactics.
Coverage Details
Bias Distribution
- 61% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
