Tag

Ticketmaster

All articles tagged with #ticketmaster

business2 months ago

Ticketmaster Announces Resale Crackdown Amid FTC Lawsuit

Ticketmaster claims to have implemented new measures to combat scalpers and bots, such as ID verification and account restrictions, in response to FTC lawsuits accusing it of working with resellers to inflate prices. The company denies these allegations and states it is doing more than anyone to ensure tickets go to genuine fans, but industry groups criticize these efforts as insufficient and accuse Ticketmaster of collusion with scalpers. The situation remains under scrutiny as more developments are expected.

business2 months ago

Ticketmaster to Ban Multiple Accounts and Shut Down TradeDesk Amid FTC Lawsuit

Ticketmaster announced it will ban users from having multiple accounts and will shut down its TradeDesk platform following a lawsuit by the FTC accusing the company of colluding with scalpers and violating the BOTS Act. The company claims these practices are standard industry behavior and denies the allegations, but acknowledges that the use of multiple accounts has been abused. The policy change aims to address concerns about scalping and protect the integrity of ticket sales.

business2 months ago

Ticketmaster to Ban Multiple Accounts and Shut Down TradeDesk Amid FTC Lawsuit

Ticketmaster announced policy changes including banning multiple accounts, shutting down TradeDesk, and requiring Social Security numbers from brokers following an FTC lawsuit accusing it of anti-competitive practices and bot violations. The company defends its actions, disputes the FTC's claims, and emphasizes efforts to combat scalping and fraud, while also shifting the narrative to focus on technological and legislative issues related to ticketing and bots.

business3 months ago

FTC Sues Live Nation and Ticketmaster Over Illegal Ticket Resale Practices

The FTC and seven states have sued Live Nation and Ticketmaster, accusing them of allowing ticket brokers to resell tickets at high markups, violating consumer protection laws and contributing to unfair ticket pricing, especially highlighted during the Taylor Swift Eras tour ticket sales. The lawsuit alleges that Ticketmaster ignored violations by resellers and failed to disclose full ticket prices, with the companies facing ongoing legal challenges over market monopolization.

world4 months ago

FTC sues ticket resellers over Taylor Swift and major concert ticket scandals

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.

business4 months ago

FTC Takes Action Against Ticket Resellers Over Taylor Swift and Springsteen Ticket Scandals

A group used fake accounts and illicit software to buy and resell over 321,000 tickets for major concerts, including Taylor Swift and Bruce Springsteen, making around $5.7 million in profits. The FTC has accused the operation of bypassing Ticketmaster's security measures, using multiple accounts and repurposed credit cards, and reselling tickets at inflated prices. This comes amid ongoing scrutiny of Ticketmaster's practices and efforts to curb ticket reselling abuse.