FTC Sues Ticketmaster Over ‘Deceptive’ Ticket Pricing Tactics

The FTC and seven states have sued Ticketmaster and its parent company Live Nation for allegedly “deceptive” ticket resale tactics, according to a press release Thursday. The federal regulatory agency says that Ticketmaster is “tacitly coordinating with brokers,” allowing them to buy millions of dollars worth of tickets, just to resell them at a higher cost to the person who actually wants to attend a given concert.

The FTC says Ticketmaster is also…