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The Justice Department and several states are expected to file a lawsuit as soon as Thursday against Live Nation Inc, citing alleged antitrust violations at least in part due to the market ...
Taylor Swift performing on the Eras Tour in 2023. Ticketmaster received criticism for mishandling the U.S. ticket sale of the tour. The American ticket sales platform Ticketmaster and the parent company Live Nation Entertainment were met with widespread public criticism and political scrutiny over blunders in selling tickets to the 2023 United States leg of the Eras Tour, the sixth concert ...
May 23, 2024 at 11:12 AM. As expected, the United States Department of Justice sued Live Nation and Ticketmaster for violations of the Sherman antitrust act on Thursday, a move that could change ...
The House passed the Transparency in Charges for Key Events Ticketing Act on Wednesday in an effort to increase price transparency for consumers. The TICKET Act would require sellers to list the ...
The Better Online Ticket Sales Act of 2016 ( Pub.L. 114-274, S.3183, commonly referred to as the BOTS Act) was signed into federal law by President Barack Obama on December 14, 2016. [1] This act was created to thwart attempts by individuals and organization to automate the process of purchasing tickets en masse using ticket bots.
Number of employees. 6,678. Parent. Live Nation Entertainment (2010–present) Website. ticketmaster.com. Ticketmaster Entertainment, LLC is an American ticket sales and distribution company based in Beverly Hills, California with operations in many countries around the world. In 2010, it merged with Live Nation under the name Live Nation ...
Updated May 23, 2024 at 12:58 PM. The Justice Department filed a lawsuit Thursday seeking to break up Live Nation, alleging that the parent company of Ticketmaster has hurt consumers and violated ...
Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket brokers who sold tickets for lower rates.
I was so excited when Live Nation, the concert promoter behemoth, recently announced "No Service Fee Wednesdays," dropping the service fees on lawn tickets at hundreds of concerts. Could it be ...
Dynamic pricing, also referred to as surge pricing, demand pricing, or time-based pricing, is a revenue management pricing strategy in which businesses set flexible prices for products or services based on current market demands. It usually entails raising prices during periods of peak demand and lowering prices during periods of low demand.