DOJ blasts Live Nation, Ticketmaster
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Posing as small-time scalpers, Star and CBC reporters talked to representatives of Ticketmaster’s resale division who said the company wants to share in ticket resale profits by facilitating mass scalping — in direct violation of its own terms of use.
A federal antitrust trial against Live Nation and Ticketmaster could reshape ticketing, concert promotion and prices for fans.
By Jody Godoy March 3 (Reuters) - Ticketmaster keeps an average of $7.58 of the price of each ticket for events at major concert venues, an attorney for New York state told jurors at a trial on Tuesday where dozens of states are seeking to recoup damages for fans.