Internal emails reveal Ticketmaster helped scalpers jack up prices, FTC says
The Federal Trade Commission sued Live Nation and Ticketmaster on Thursday, alleging that the companies tacitly worked with scalpers to profit from jacking up ticket prices on the secondary market. As the FTC alleged in a press release, Ticketmaster's years of turning a blind eye to scalpers violated the FTC Act and the Better Online Ticket Sales Act, costing customers "billions in inflated prices and additional fees." Further, artists' efforts to keep event costs low were repeatedly frustrated