
FTC Takes a Stand Against Ticketmaster's Resale Tactics
The Federal Trade Commission (FTC) has filed a joint lawsuit with several state attorneys general against Live Nation Entertainment and its subsidiary, Ticketmaster, accusing them of engaging in illegal ticket resale practices. The lawsuit, filed in the U.S. District Court for the Central District of California, alleges that brokers are exploiting Ticketmaster's systems to access tickets and resell them at exorbitant prices, undermining the fair access of ordinary consumers.
According to the FTC, Ticketmaster’s business model reveals a troubling alliance with ticket resellers, allowing them to circumvent sales limits set by artists, effectively sidelining genuine fans from purchasing tickets. The complaint further emphasizes accusations of “bait-and-switch” pricing tactics—advertising misleading lower ticket prices to lure customers while the tickets available are priced much higher.
The Bigger Picture: Ticketmaster’s Market Dominance
The FTC's allegations are severe, with Ticketmaster’s influence undeniable as it reportedly controls around 80% of tickets sold at major venues. From 2019 to 2024, consumers spent an astronomical $83 billion on tickets via Ticketmaster. This raises serious questions about consumer rights and access to fair ticketing practices, particularly for popular events that often sell out.
Historical Context: The Rise of Ticketmaster
Ticketmaster's controversial practices are not new. The merger of Live Nation and Ticketmaster back in 2009 sparked concerns about monopolistic behavior in the live entertainment industry. The Department of Justice had previously filed a separate lawsuit against the companies for violating antitrust laws, showcasing ongoing scrutiny over their market practices.
Why These Developments Matter
For millions of fans, the right to access tickets at fair prices affects the feasibility of attending live events. FTC Chairman Andrew N. Ferguson highlighted this sentiment, stating, “It should not cost an arm and a leg to take the family to a baseball game or attend your favorite musician's show.” As this legal battle unfolds, it will impact not only the ticketing industry but also the broader conversation about consumer protection and fair market practices.
Write A Comment