AssetID: 55105779
Headline: UNCAPTIONED: Ticketmaster And Live Nation Sued Over Ticket Resale Tactics
Caption: Ticketmaster And Live Nation Sued Over Ticket Resale Tactics. US regulators have filed a lawsuit against Ticketmaster and its parent company Live Nation accusing them of working with brokers to inflate ticket prices and profit from massive resale fees. The Federal Trade Commission, joined by seven states, says the companies allowed brokers to break ticket-purchase limits and resell those seats on Ticketmaster’s own platform. Regulators claim the practices violated consumer protection laws and generated nearly 3.7 billion dollars in resale fees between 2019 and 2024. Ticketmaster, which dominates the concert ticketing industry, has long faced backlash over pricing. The FTC also accuses the company of deceptively advertising lower prices than consumers ultimately paid. FTC chair Andrew Ferguson said American entertainment should be accessible to everyone warning families should not have to pay “an arm and a leg” to see their favourite artists or sports teams. Ticketmaster and Live Nation have yet to comment on the lawsuit. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Ticketmaster,Live Nation,sued,ticket resale,tactics,lawsuit,against,parent company,working with brokers,accused,inflate,prices,profit,massive resale fee,Federal Trade Commission
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