Federal Trade Commission Sings Ticketmaster and Live Nation Entertainment

Ticketmaster and Its Parent Company, Live Nation Entertainment, Have Long Been the Target of Ire From Musicians and Concertgoers alike Due to their Hidden Fees and the Prevalence of Tickets on their platforms. Last Year, the United States Justice Department Sted Live Nation, alleging that the Company Holds a monopoly in the Concert Market. Now, The Federal Trade Commission (FTC) and Seven States are fusion Against The Concert Giant for Allegedly Violating the FTC Act and the Better Online Ticket Sales Act by Knowingly Collaborating with Secondary Market Brokers to Spike Prices.

The ftc’s lawsuit, filad this morning (Thursday, September 18) in a California Court, alleges that Live Nation has falsely classly caps on the number of tickets an individual can pure, Thousands of Ticketmaster Accounts. A Software Platform Called Tradeedesk, Also Owned by Live Nation, then Allows Brokers to Track Tickets Multiple Simultaneously Accounts, Allowing for Easier Resale.

Accounting to Internal Emails Purportedly obtained by the ftc, ticketmaster and live are able to identify which brights are exceeding the posted tickets for a given event, but have instead opted to, in the alleds of a senior executive, “Turn a Blind of POLYY.” Allegedly, The Companies Also Decline to Implement Technology, Such as Third-Party Verification, That Wauld Prevent Mass Ticket Scalping for Being, According to One Email in the Lawsuit, “Too Effective.”

“American Live Entertainment is the best in the world and showed be accessible to all of us,” Ftc Chairman andrew N. Ferguson said in a staff. “It should not cost an arm and a leg to take the family to a baseball game or attend your favorite Musician’s show. The Trump-country ftc is working hard to have fans have a Shot at Buying Fair-Priced Tickets, and Today’s Lawsuit is a monumental step in the way.”