Live Nation and Ticketmaster accused of allowing ticket brokers to rake in millions from resales
The US Federal Trade Commission and seven states accused Live Nation and its ticketing arm Ticketmaster of costing fans millions of dollars by tacitly allowing ticket brokers to scoop concert tickets and sell them to at a significant markup, the agency said on Thursday.The lawsuit deepens Ticketmaster’s legal woes, which began after its botched 2022 sale of tickets to Swift’s much-hyped Eras tour.Live Nation shares were trading down 2.3% on the news.Ticketmaster, which controls 80% of primary ticketing for ...