00:00The Federal Trade Commission and Attorneys General from seven states have filed a lawsuit
00:04against Live Nation and Ticketmaster, alleging the companies enabled brokers to manipulate
00:09ticket sales and misled consumers with deceptive pricing.
00:13The suit claims Ticketmaster knowingly benefited from brokers who resold tickets at inflated
00:18prices in violation of the Better Online Ticket Sales Act and other major consumer protection
00:25laws.
00:26With Ticketmaster controlling 80% of major event ticket sales and consumers spending
00:30$83 billion through the platform the last several years, the case marks a major escalation
00:36in federal and state action against the live event giant.
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