There is a class-action lawsuit against Ticketmaster. The lawsuit was filed in January and seeks to represent any Ticketmaster customers who purchased tickets since July of the previous year. The complaint, which has been obtained by Rolling Stone, alleges that Ticketmaster and its parent company, Live Nation Entertainment, constitute a monopolistic “monster” that needs to be stopped.
The lawsuit is based on the claim that Ticketmaster and Live Nation Entertainment hold a dominant position in the ticketing industry, which allows them to engage in anti-competitive practices. The plaintiffs argue that Ticketmaster’s fees and pricing policies, as well as its exclusive contracts with venues and promoters, prevent competition and result in inflated prices for consumers.
According to the complaint, Ticketmaster’s fees can often add a significant amount to the cost of a ticket, making it more expensive for customers. The lawsuit also alleges that Ticketmaster’s dynamic pricing system, which adjusts ticket prices based on demand, unfairly benefits resellers and scalpers, making it harder for ordinary fans to purchase tickets at face value.
The plaintiffs in the lawsuit are seeking damages and injunctive relief, with the ultimate goal of forcing Ticketmaster to change its business practices and promote fair competition in the ticketing industry.
As an expert, I can understand the frustration of consumers who feel that Ticketmaster’s practices are unfair. Ticket prices, especially with added fees, can already be quite high, and it can be disheartening to see tickets being resold at even higher prices. I believe that it is important for consumers to have access to affordable tickets and for there to be fair competition in the ticketing industry.
This class-action lawsuit is just one example of the ongoing battle between consumers and ticketing companies. Over the years, there have been several lawsuits and controversies surrounding Ticketmaster and its practices. It remains to be seen how this particular lawsuit will unfold and whether it will lead to any significant changes in the ticketing industry.
Yes, there is a class-action lawsuit against Ticketmaster alleging anti-competitive practices and seeking damages and injunctive relief. The lawsuit claims that Ticketmaster and its parent company, Live Nation Entertainment, represent a monopolistic “monster” that needs to be stopped. The plaintiffs argue that Ticketmaster’s fees and pricing policies, as well as its exclusive contracts with venues and promoters, prevent fair competition and result in inflated ticket prices for consumers.