The Federal Trade Commission (FTC) on Thursday filed a lawsuit against Ticketmaster and its corporate parent, Live Nation, accusing the companies of deceiving performing artists and consumers about price and ticket limits.

Seven states joined the FTC's lawsuit against Ticketmaster and Live Nation for allegedly engaging in tacit coordination with brokers who they have allowed to harvest millions of dollars worth of tickets in the open market.

According to the complaint, Ticketmaster and Live Nation then sold the illegally harvested tickets at a substantial markup, which caused consumers in the secondary market to pay significantly more than face value.

The FTC's lawsuit also accused Ticketmaster of deceiving artists and consumers through bait-and-switch pricing through advertis

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