The US Federal Trade Commission (FTC) and seven states filed a lawsuit against Live Nation and Ticketmaster, accusing them of allowing ticket brokers to inflate prices, costing fans millions. The lawsuit alleges Ticketmaster ignored violations of purchase limits, profiting from resale fees while failing to disclose all ticket costs upfront. This adds to Ticketmaster's legal troubles following the Taylor Swift ticket fiasco. Live Nation shares dropped following the announcement. The FTC claims Ticketmaster knowingly ignored broker violations since 2018.

Prepared by Christopher Adams and reviewed by editorial team.