Ticketmaster Petition Sparks Government Investigation
Major Ticket Seller Under Scrutiny Amid Antitrust Concerns
Amid growing pressure from consumers and lawmakers, the U.S. Department of Justice has launched an antitrust investigation into Ticketmaster following a petition that garnered over 250,000 signatures.
What Sparked the Investigation?
The petition, filed by the American Economic Liberties Project, accuses Ticketmaster of engaging in anti-competitive practices that have led to inflated ticket prices and limited consumer choice.
Key allegations include exclusive deals with venues that prevent competitors from selling tickets, excessive fees added to ticket purchases, and the use of bots to scoop up tickets for resale at higher prices.
Government Response
In response to the petition, the Department of Justice has opened an antitrust investigation to determine whether Ticketmaster has violated any laws.
The investigation will focus on whether Ticketmaster's practices have stifled competition, harmed consumers, and led to higher ticket prices.
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