-
Asian stocks mixed amid AI concerns, oil dips after surge
-
James shines in pre-season debut for re-tooled 76ers
-
Wallabies expect fast-paced All Blacks in Bledisloe opener
-
Fuel, fertilizer costs strain US farmers' support for Republicans in midterms
-
Tech scammer Elizabeth Holmes focus of documentary by absurdist Nathan Fielder
-
Trump's 'super intelligence' rebrand to sell AI faces uphill battle
-
Climate hopes shift from politics to the courts
-
Fiji demands US provide evidence Chinese official paid bribes for Beijing
-
Will Nobel Peace Prize pick make waves at the White House?
-
More than just football: How scandal-tainted City led Manchester's rebirth
-
Trump rules out new Iran attack before US midterm elections
-
Record Eden Park streak creates tension for All Blacks
-
Far-right influencer shows Israel's coarse political turn
-
EU trade chief seeks 'tangible outcomes' in China talks
-
Seals and sea lions get hearing tested at Australia zoo
-
Man City face Anfield cauldron after guilty Premier League verdicts
-
Mourinho's Real Madrid playing catch-up in Clasico countdown
-
CNN, MS Now, Politico urge judge to extend White House access
-
Joy as USS Lincoln back home after troubled Gulf deployment
-
Trump administration to launch new vaccine research center
-
OpenAI says Iran, Russia influence ops busted
-
Russian strikes kill 30 in Ukraine frontline city, talks set in US
-
Anthropic bans 'cruel' behavior against its Claude AI
-
US military to livestream firing squad execution of Fort Hood shooter
-
Anne Carson's Nobel literature prize 'a proud moment for Canada': PM
-
Aces star Wilson wins record-extending fifth WNBA MVP
-
Montagliani to seek CONCACAF re-election in boost for Infantino: reports
-
Undefeated 49ers seek Seahawks revenge
-
Oil surges, stocks sink on jitters over US plans in Iran war
-
Madrid mourns evicted retiree, 'icon' of Spain housing protests
-
John Cena and Jessica Biel hit the gas in 'Matchbox: The Movie'
-
OpenAI revenue gap report rattles AI stocks
-
US, Ukrainians, Europeans to discuss 'new ideas' to end war
-
France pledges more teachers after school students vow no let-up
-
Unproven 'cures' pushed online amid plague concerns
-
Bordeaux confirmed in sixth tier of French football
-
Nigeria looks to ease fuel prices as election looms
-
Trump gives 'national treasure' Musk top US medal after rift
-
Prosecutors in Maradona death trial seek sentences up to 12 years
-
MLB proposes shortening season, reforming playoffs
-
Swiss captain Xhaka gets suspended fine for fake Covid cert
-
Crew splashes down after 8-month mission on International Space Station
-
Ex-prince Andrew raid warrants ruled 'unlawful' but UK police maintain probe
-
Protests, clashes as S. African anti-migrant tensions reignite
-
Two Latvians arrested inside UK military base: police
-
Russian data centre hit by drone in first for Ukraine war
-
Eckert 'forever grateful' for Southampton support over spy scandal
-
'Fighting for our future': France high school students vow no let-up
-
Venezuela's Maduro, wife hit with new US torture charges
-
Kyiv entering 'survival' mode amid Russian strikes surge: mayor tells AFP
US regulator sues Ticketmaster over 'illegal' ticket schemes
A top US regulator on Thursday sued Ticketmaster and its parent company Live Nation, alleging the ticketing giant conspired with brokers to inflate concert ticket prices and deceive consumers with hidden fees.
The Federal Trade Commission, along with seven states, filed the lawsuit in a California federal court, accusing the companies of allowing ticket brokers to harvest millions of tickets in violation of purchase limits, and then resell them at marked-up prices.
Ticketmaster has been the object of anger and frustration from both artists and spectators for decades, with concertgoers complaining about overpriced tickets, opaque pricing schemes, and glitches that saw sales for Taylor Swift's historic Eras Tour, among others, marred by breakdowns.
Most recently, the reunion tour of UK rockers Oasis sparked furor in Britain when dynamic pricing caused ticket prices to jump to hundreds of pounds above face-value costs.
American live entertainment "should be accessible to all of us. It should not cost an arm and a leg to take the family to a baseball game," said FTC Chairman Andrew Ferguson, citing President Donald Trump's executive order to protect consumers from ticket pricing abuses.
The complaint alleges Ticketmaster, which controls about 80 percent of major concert venue ticketing in the United States, turned "a blind eye" to brokers who routinely exceeded ticket limits using thousands of fake accounts.
From 2019 to 2024, consumers spent more than $82.6 billion purchasing tickets from Ticketmaster, the FTC said.
According to the complaint, the regulator said internal documents show Ticketmaster even provided technological support to brokers through a software platform called TradeDesk, enabling them to manage tickets purchased across multiple accounts for easier resale.
The lawsuit also targets Ticketmaster's pricing practices, alleging the company advertised ticket prices substantially lower than what consumers ultimately paid after mandatory fees and markups.
These hidden fees, which reached as high as 44 percent of ticket cost, totaled $16.4 billion from 2019-2024, the FTC said.
Z.AbuSaud--SF-PST