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(Reuters) - The U.S. Justice Department on Thursday sued to break up Live Nation Entertainment, saying the big concert promoter and its Ticketmaster unit illegally inflated concert ticket...
Ticketmaster controls more than 80 per cent of the market for primary ticket sales in the US. It maintains that control by striking deals with the nation’s largest venues, ensuring that any ...
According to trade publication Pollstar, the average ticket price from the 100 top tours in 2023 was $122.84, which was 17% higher than the year before and a 31% increase compared to the average...
In 2022, Ticketmaster was experimenting with a demand-based, dynamic pricing which would vary the ticket price based upon demand. The new system is touted to give artists a higher share of the revenues that would otherwise be coming through resale ticket sales. Criticism and controversies Anti-competition claims
Ticketmaster was the subject of several controversies, such as anti-competition claims, deceitful relationships with scalpers, data breach, deceptive pricing, and dynamic pricing. According to consumer organizations , Ticketmaster and Live Nation control over 70% of the primary ticketing and live event venues market. [14]
The online ticket marketplace and division of San Jose, California-based eBay Inc. alleged in the lawsuit that the organizations prevent fans from deciding how they wanted to resell tickets and ...
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