DOJ Will Sue to Break Up Live Nation and Ticketmaster: Report<\/a><\/p>\n\u201cLive Nation and Ticketmaster then sell the illegally harvested tickets at a substantial markup in the secondary market, causing consumers to pay significantly more than the face value of the ticket.<\/p>\n
\u201cThe FTC further alleged in a complaint that [the corporations] deceived artists and consumers by engaging in bait-and-switch pricing through advertising lower prices for tickets than what consumers must pay to purchase tickets; deceptively claimed to impose strict limits on the number of tickets that consumers could purchase for an event, even though ticket brokers routinely and substantially exceeded those limits; and sold millions of tickets, often at much higher cost to consumers, on its resale platform that those brokers obtained in excess of artists\u2019 ticket limits.\u201d<\/p>\n
The statement also included the allegation that \u201cin public, Ticketmaster maintains that its business model is at odds with brokers that routinely exceed ticket limits.<\/p>\n
\u201cBut in private, Ticketmaster acknowledged that its business model and bottom line benefit from brokers preventing ordinary Americans from purchasing tickets to the shows they want to see at the prices artists set.<\/p>\n
FTC Boss Says Ticketmaster Lawsuit Is Monumental Step<\/h3>\n
Citing its duty to \u201cprotect Americans from being ripped off when they buy tickets to live events,\u201d FTC Chairman Andrew N. Ferguson said: \u201cAmerican live entertainment\u2026 should be accessible to all of us. It should not cost an arm and a leg to take the family to a baseball game or attend your favorite musician\u2019s show.<\/p>\n
\u201cThe\u2026 FTC is working hard to ensure that fans have a shot at buying fair-priced tickets, and today\u2019s lawsuit is a monumental step in that direction.\u201d The lawsuit is supported by the Attorneys General of Virginia, Utah, Florida, Tennessee, Nebraska, Illinois and Colorado.<\/p>\n
Ticketmaster controls 80 percent or more of major venue ticket sales and also has a strong presence in the secondary market. The agency claimed that consumers spent $82.6 billion with the corporation from 2019 to 2024.<\/p>\n
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2024 Summer Rock Tours<\/h2>\n\n
Many of rock\u2019s biggest artists will hit the road for performances once more in 2024.<\/p>\n<\/div>\n
Gallery Credit: Corey Irwin<\/p>\n<\/div>\n<\/div>\n