Live Nation-TM sued by FTC for ‘illegal resale tactics’

The US Federal Trade Commission (FTC) and seven states are suing Live Nation and its Ticketmaster business for allegedly “tacitly coordinating with brokers” to harvest tickets and then resell them at inflated prices on the secondary market.

The FTC is accusing the companies, which merged in 2010, of “engaging in bait-and-switch pricing” and deceiving artists and fans about price and ticket limits that were “routinely and substantially exceeded” by brokers.

Furthermore, it goes on to claim that the firms “sold millions…

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