00:00SM Tickets partners with controversial ticket sales company Ticketmaster, whose parent company
00:05was found to have an illegal monopoly in the US. SM Prime Holdings says SM Tickets will now
00:11transition to SM Ticketmaster. The partnership aims to combine Ticketmaster's global ticketing
00:16technology with SMPH's local operations experience. Some international acts that are
00:21set to perform at SMPH venues this year include Leve, ITZY, Charlie Puth, Lainey, and EXO.
00:28Ticketmaster's entry into the Philippine market comes after a federal jury found its parent firm,
00:33Live Nation Entertainment, held an illegal monopoly over ticketing services in the United States.
00:38The jury also found Live Nation illegally bundled promotion services with venues it owns in order
00:43to eliminate competition. Top star Taylor Swift had raised concerns about Ticketmaster's site
00:48outages, bots used by scalpers, and the dynamic pricing system.
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