Live Nation and Ticketmaster accused of allowing ticket brokers to rake in millions from resales
1. FTC accuses Live Nation and Ticketmaster of unfair ticket practices. 2. Lawsuit follows Ticketmaster's poor ticket sale handling for Swift's tour. 3. Ticketmaster controls 80% of ticketing, allegedly profiting $3.7bn from resales. 4. Legal challenges may hinder operations and profitability of the company. 5. Live Nation shares fell 2.3% post-announcement of the lawsuit.