FTC sues Ticketmaster, Live Nation over ticket resales, prices

the Federal Trade Committee (FTC) On Thursday, she filed a lawsuit against Ticketmaster and her institutional father, Live Nation, accusing artists and consumer deception companies on price limits and tickets.

Seven states joined a lawsuit against Ticketmaster and Live Nation by allegedly engaging in implicit coordination with the mediators who allowed them to harvest millions of dollars from tickets in the open market.

According to the complaint, Ticketmaster and Live Nation Then I sold tickets that were illegally harvested with great description, causing consumers in the secondary market more than the nominal value.

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The FTC TICECITMASTER lawsuit also accused the deception of artists and consumers by pricing the taste and switching by announcing lower prices than the actual purchase cost, claiming that it imposes strict borders on a number of tickets that consumers can purchase even though the intermediaries exceed this routinely.

The president of FTC Andrew Ferguson said this president Donald Trump The executive thing is that the federal government “should protect Americans from collapse when they buy tickets to live in events.”

“American Live Entertainment is the best in the world and should be available to all of us. It should not cost an arm and leg to move the family to the baseball game or attend your favorite music show. FTC works in TROMP-Vance to ensure that fans get a snapshot to buy prone tickets, and today’s lawsuit is a souvenir step in this direction.”

FTC claims that Ticketmaster practices violate the FTC law on Deceptive works Or practices as well as online ticket sales law. The agency is looking for civil penalties against Ticketmaster and additional cash relief.

Seven states joined. (Andrew Harr / Bloomberg via Getty Images / Getty Images)

Live Nation’s CEO praises Trump’s executive request against “Explorative Tickets”

Trump signed an executive in March aimed at ending the price of tickets. FTC order order to impose robots law, enhance price transparency in ticket sales, as well as divide deceptive or anti -competition behavior.

Last year under Biden AdministrationFTC and the Ministry of Justice filed a lawsuit against Ticketmaster on the pretext of anti -monopoly violations, accusing the living nation of monopolizing direct events tickets. The lawsuit can force the living nation to sell Ticketmaster.

The problems related to the Taylor Swift’s Eras Tour’s suspension in 2022 fans as well as federal audit. (Kevin Winter/Tas23/Getty Images for TAS/Getty Images)

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The anti -monopoly claim followed a controversy when Ticketmaster shattered during the pre -sale event Taylor Swift tour in ages In November 2022, which led to Casaur, a large number of tickets that were subsequently sold at large signs in the secondary market.

Fox Business has arrived at Live Nation and Ticketmaster to comment.