FTC Sues Live Nation and Ticketmaster, Accuses Them of Colluding With Scalpers on Inflated Resale Market

In a lawsuit filed Thursday, the Federal Trade Commission (FTC) accused Live Nation and Ticketmaster of deceptive pricing and, more seriously, of effectively colluding with scalpers to keep ticket prices artificially high. "In public, defendants profess to prioritize '[g]etting tickets into the hands of fans, at prices set by the artist,'" the 84-page lawsuit, filed Thursday in California's Central District Court, states. "Defendants also claim that ticket scalpers and 'big resale sites' are to blame for the resale tickets that defendants sell for substantially more than the face . . .