Taylor Swift Fans Are Suing Ticketmaster Over Ticket Sale Disaster

A group of over two dozen Swifties is suing Ticketmaster following the November presale disaster of tickets for Taylor Swift’s “The Eras Tour.” 

The lawsuit, which was submitted to a California court, accuses Ticketmaster’s parent company, Live Nation Entertainment, of “anticompetitive conduct” following the “ticket sale disaster” in November.

The suit points out the Verified Fan presale caused the Ticketmaster site to crash and leave millions of fans unable to buy tickets, and the resulting cancelation of the tour’s public ticket sale due to “extraordinarily high demands on ticket systems” and “insufficient remaining ticket inventory” to meet the demand.

The plaintiffs allege that Ticketmaster forced Swifties to “exclusively use Ticketmaster for presale and sales prices, which are above what a competitive market price would be.” They also accuse the company of forcing attendees to “exclusively use Ticketmaster’s ‘Secondary Ticket Exchange’—i.e., the platform Ticketmaster operates for the resale of concert tickets,” which the suit claims Ticketmaster profits off of.

On the company website, it says that Ticketmaster adds an unspecified service fee on each ticket sold on the secondary ticket exchange. The suit also claims that the company has “conspired” with venues to force fans to buy more expensive tickets that Ticketmaster gets additional fees from every time the tickets are resold.

The plaintiffs also claim that Ticketmaster, “intentionally and purposefully mislead ticket purchasers by allowing scalpers and bots access to TaylorSwiftTix presale.” They are seeking damages amounting to $2,500 for each violation of Business and Professions Code section 17200.

CNN also reports that the Justice Department has launched an antitrust investigation into Live Nation, “to determine whether the company has a monopoly in the market for concerts, including ticket purchasing.”


Information for this briefing was found via CNBC, CNN, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Man Sues President Biden for $500 Billion, Also Demands $100 Billion from Taylor Swift

A man previously charged with stalking superstar Taylor Swift has filed a lawsuit against President...

Friday, April 12, 2024, 02:11:00 PM

Taylor Swift Fans Break Ticketmaster

Ticketmaster has canceled the public ticket sale for Taylor Swift’s upcoming tour — one day...

Friday, November 18, 2022, 03:45:00 PM

Florida Panthers Block Canadians from Buying Tickets to Home Games Against Toronto Maple Leafs

The Florida Panthers are trying to limit Canadian fans from buying tickets to support the...

Tuesday, May 2, 2023, 03:02:00 PM

Don’t F*ck With Swifties: Fans Track Down Canadian Man Who Posted AI-Generated Taylor Swift Pics On X

As AI-generated photos of Taylor Swift, currently one of the most influential celebrities in the...

Monday, January 29, 2024, 01:04:00 PM

Taylor Swift Concerts Canceled in Vienna Amid Terror Threat

Organizers have canceled three Taylor Swift concerts in Vienna, Austria, following the arrest of two...

Thursday, August 8, 2024, 08:26:00 AM