The FTC acknowledges its suit is based in large part on revelations from a 2018 CBC News/Toronto Star investigation, in which reporters went undercover posing as “ticket brokers” and exposed how Ticketmaster recruited mass scalpers and knowingly let them use hundreds of fake accounts to circumvent ticket-buying limits.
It’s all about marketing, thinking Ticketmaster said to themselves, if these scalpers are making so much money, we’re missing out on profit, the crackdown on scalpers is probably more about trying to capture lost revenue. Hi, my first post on this site. :P
It is a bigger scam. The artists get a percent of original ticket sales, but not scalped ticket sales. So Ticketmaster creates shell companies to scalp, and then they steal the artists’ cut. Classic.
Nice to have you here!
Gotta start somewhere, just like LiveNation on its journey for more profit after capturing the entire market.
Why did you wait six months to make your first comment? You missed out on having a new user tag!