Music industry titan Live Nation — and its subsidiary Ticketmaster — are facing the wrath of the Federal Trade Commission (FTC), with the government agency and seven states filing a lawsuit alleging the company engages in “illegal” ticket resale practices.
The filing accuses the company of failing to curb large-scale ticket resale operations, automatic bots, and purchase limits, "tacitly" working with scalpers to "unlawfully" turn tickets for a profit. Music fans have been complaining about this problem for years, but it's just the tip of an iceberg, concealing an underground economy of individual scalpers, reseller networks, and hackers .
The FTC says that Ticketmaster — which has been accused of holding a monopoly on digital ticket marketplaces through its parent Live Nation — has be