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Ticketmaster and its parent company, Live Nation, are in the crosshairs of US regulators, accused of colluding with ticket resellers to inflate prices and profit from fans eager to see their favourite artists live. The Federal Trade Commission (FTC), joined by multiple US states, claims they helped brokers make billions through artificial scarcity and sky-high resale fees.
Ticketmaster is being sued by the US FTC and several states over allegations that it worked with ticket resellers allowing them to artificially inflate prices. Brokers buy tickets in bulk and resell them at higher prices, making it harder for genuine fans to attend events. Ticketmaster controls 80% of the US live event market, which has raised concerns about its dominant position and how it handles ticket sales.
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