The Federal Trade Commission (FTC) and several state attorneys general sued Live Nation and Ticketmaster, alleging deceptive pricing practices and collaboration with brokers to inflate ticket prices. The lawsuit claims billions of dollars in consumer losses through "bait-and-switch" tactics and excessive ticket sales to brokers, violating the Better Online Ticket Sales Act. The FTC stated that Ticketmaster's business model benefits from brokers preventing consumers from buying tickets at artist-set prices. The suit follows a May Department of Justice antitrust lawsuit against the companies for monopolizing the live entertainment industry.

Prepared by Christopher Adams and reviewed by editorial team.