All articles tagged with #ticket reselling
Music producer Jack Antonoff criticizes Live Nation CEO Michael Rapino's claim that concert tickets are underpriced, condemning the practice of ticket reselling and dynamic pricing, amid ongoing legal actions against Live Nation for alleged illegal resale tactics and antitrust violations.
The FTC is suing Key Investment Group for illegally purchasing over 2,200 Taylor Swift Eras Tour tickets using bots and other deceptive methods, reselling them at a significant profit, and violating the BOTS Act. The company denies wrongdoing, claiming the FTC's interpretation of the law is misleading.
The FTC has sued Maryland-based Key Investment Group for illegally purchasing and reselling hundreds of thousands of tickets, including thousands for Taylor Swift's Eras Tour, at inflated prices by bypassing Ticketmaster's security measures. The company allegedly used thousands of accounts and virtual credit cards to circumvent purchase limits, making over $64 million from resales, violating federal laws. The case highlights ongoing issues with ticket scalping and online security measures.
The FTC has sued a reseller for using bots and illegal means to buy and resell hundreds of thousands of tickets for concerts by Taylor Swift and Bruce Springsteen, profiting millions and violating purchase limits, as part of a crackdown on ticket reselling scams.
The FTC has sued Maryland-based Key Investment Group for allegedly violating the BOTS Act by using illegal methods to buy nearly 380,000 tickets for Taylor Swift's Eras Tour and other concerts, reselling them for millions of dollars, in a move that marks increased enforcement against ticket scalping practices.
The FTC sued ticket reseller Key Investment Group for evading ticket purchase limits using multiple accounts to buy and resell tickets for events like Taylor Swift's Eras tour, amid ongoing scrutiny of ticket reselling practices and Ticketmaster's market dominance.
The FTC has sued Maryland-based ticket broker Key Investment Group and affiliates for using illegal tactics, such as fake accounts and IP spoofing, to bypass ticket purchase limits and resell tickets at high prices, violating the Better Online Ticket Sales Act and FTC regulations, with the case filed in Maryland district court.
A My Chemical Romance fan expressed frustration with Ticketmaster after finding resale tickets for the band's concert priced at over $13,000. The fan's TikTok video criticizing the exorbitant prices has gone viral, sparking discussions about Ticketmaster's policies and the broader issue of dynamic pricing in the concert industry. The controversy comes amid ongoing investigations into Ticketmaster's pricing strategies and criticism from artists like Robert Smith of The Cure.
The IRS has implemented a new rule that lowers the tax reporting thresholds for users of e-commerce platforms, including ticket reselling websites like Ticketmaster and StubHub. Under the new rule, platforms will be required to report sellers' proceeds of $600 or more to the IRS, regardless of whether they made a profit. This change may cause confusion among concertgoers and sports fans who have bought and sold tickets in 2023. Lawmakers are considering changes to the reporting threshold, but it is uncertain whether any changes will be made before the 2023 tax season.
A Massachusetts dad spent $21,000 on four tickets to a Taylor Swift concert after the ones he bought on StubHub last year for his daughter as a Christmas present never arrived. Anthony Silva said he originally spent around $1,800 for the four tickets last November on StubHub, but the ducats were never delivered, and the company told him replacement seats weren’t available. Silva said while StubHub plans to refund his original purchase, he doesn’t think resellers should wait "until the day before for the tickets to be sent out."
A mother and daughter missed Taylor Swift's Nashville concert after a StubHub seller resold the tickets they purchased for $900. The mother said StubHub never notified her that her tickets had been resold, and when she asked for replacement tickets, she was told there were none available. StubHub offered to give her a $200 voucher for a future purchase, but she said she will never use the ticket site again.