Reported 6 months ago
The U.S. Justice Department has sued Live Nation Entertainment, accusing them of inflating concert ticket prices through Ticketmaster, with the average ticket price for top concert tours in 2023 reaching $122.84. The lawsuit cites various factors contributing to high ticket prices, including numerous fees imposed by Ticketmaster, pre-sales limiting direct artist sales to fans, professional ticket resellers driving up prices, and Live Nation's market dominance in managing artists and concert promotions. Ticket prices in the U.S. are further inflated by fees and charges compared to other markets, with the lawsuit aiming to address these issues affecting artists and fans.
Source: YAHOO