US regulators have sued Ticketmaster and its parent company Live Nation, accusing the companies of employing illegal ticket resale tactics and costing consumers millions of dollars in the process.
The Federal Trade Commission, along with seven states, said the entertainment giant coordinated with brokers to buy concert tickets and ultimately sell those tickets at a "substantial" mark-up, profiting from huge resale fees.
The resale practices violated consumer protection law, the Federal Trade Commission (FTC) said.
Ticketmaster, which dominates the concert ticketing market, has faced backlash against its ticket prices for years. The FTC's suit marks its latest hurdle.
Ticketmaster and Live Nation did not immediately respond to a request for comment on the FTC's allegations.
