Concert and ticketing giant Live Nation Entertainment has reached a settlement with the United States Department of Justice over allegations that its business practices created an unfair monopoly in the live events and ticketing industry. The agreement, announced Monday, is intended to introduce more competition into the market and provide consumers with greater ticketing options….
US regulators have filed a lawsuit against Ticketmaster and its parent company Live Nation, accusing them of working with ticket brokers to inflate prices and reap billions of dollars in illegal profits from concertgoers. The Federal Trade Commission (FTC), joined by seven states, alleges that the entertainment giant conspired with brokers to acquire tickets for…
Live Nation has reported that a hacker is attempting to sell alleged user data from Ticketmaster on the dark web. The revelation came in a regulatory filing on Friday, detailing the unauthorized activity discovered on May 20. Live Nation, Ticketmaster’s parent company, immediately launched an investigation with forensic experts. According to the filing, the data…
In a landmark antitrust lawsuit, the US government, along with numerous states, has taken legal action against Live Nation, the parent company of Ticketmaster, alleging that it has monopolized the ticketing and live events industry to the detriment of fans, artists, and competitors. Filed on Thursday by the Justice Department and 30 state and district…
