US regulators accuse the companies of illegal ticket resale tactics costing consumers millions of dollars.

The Federal Trade Commission accused Ticketmaster and Live Nation of generating a profit by allowing ticket brokers to buy hordes of tickets and resell them for high prices.

Ticketing vendor Ticketmaster and owner Live Nation Entertainment illegally deceive consumers on the cost of tickets for live events, according to the FTC.

US regulators accuse the companies of illegal ticket resale tactics costing consumers millions of dollars.