FTC Accuses Live Nation, Ticketmaster of Colluding; Bribery Allegations Surface
FTC Accuses Live Nation, Ticketmaster of Colluding with Ticket Brokers. This is a headline that’s buzzing, and honestly, it’s got a lot of people feeling a mix of emotions, from frustration to a strange sense of “told you so.” It seems the Federal Trade Commission is taking aim at the behemoths of the live entertainment industry, and the accusation is a serious one: collusion with ticket brokers.
Now, what does this actually mean? Well, it suggests that Live Nation and Ticketmaster, the dominant forces in the ticketing game, may have been working behind the scenes with ticket brokers, essentially scalpers, to manipulate the market.… Continue reading