California assemblymember's bill would cap ticket reseller markups for some events
A California lawmaker wants to address the rising cost of event tickets by limiting how much some tickets can be marked up on the resale market.
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A California lawmaker wants to address the rising cost of event tickets by limiting how much some tickets can be marked up on the resale market.
The lawsuit involved dozens of states that alleged Live Nation undermined competition and drove up ticket prices.
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice as part of a high-stakes antitrust trial.
Regulators allege Ticketmaster used deceptive pricing and sales tactics, costing consumers billions of dollars.
Hacking group ShinyHunters claims it breached events giant Ticketmaster and stolen the details of 560 million customers.
The Justice Department filed a federal lawsuit accusing Ticketmaster and its parent company Live Nation of illegally monopolizing the live entertainment industry.
The Justice Department on Thursday filed an antitrust lawsuit against Ticketmaster and its parent company Live Nation, accusing the concert giant of running an illegal monopoly and driving up prices. The lawsuit, which seeks to break up Live Nation, also accuses it of retaliating against venues that work with rivals, and blocking venues from using other ticket outlets. Meg Oliver has details.
Consumer advocates are up in arms, and the concern is hardly limited to Swifties' experiences.
Concert giant promises more transparent pricing for consumers as the Biden administration cracks down on"junk" fees.
Taylor Swift fans who were shut out of her "Eras" tour during a botched presale event have made a federal case out of it, taking Ticketmaster and its parent company Live Nation to court. Danya Bacchus reports.
Disappointed Swifties have filed a lawsuit against the ticket seller and its parent company, Live Nation Entertainment, who control 70% of the market, while Congress and the Justice Dept. are looking into their business.