Ticketmaster has settled with the FTC over charges that it used “deceptive bait-and-switch” tactics when selling concert tickets, reports the Los Angeles Times. As usual for this kind of settlement, Ticketmaster admits no wrongdoing. For instance, the FTC noted that in one case “the same set of 38 tickets for the Springsteen concert in Washington were sold and resold 1,600 times,” and Ticketmaster waited as long as three months to let affected customers know, which is a clear example of not doing anything wrong.
Quick, go buy scalped tickets while it’s still illegal to sell them for more than $2 over face value. The New York law allowing unlimited markups on scalped tickets expired last week, and Governor David Paterson has yet to sign an extension bill passed by the legislature. TicketsNow and StubHub are, of course, ignoring the law, because they’ve never been big fans of little things like laws or decency.
The Wall Street Journal reported today that for many big name concert events, the people behind a good deal of the really expensive secondary market tickets are the artists themselves, along with their agents and promoters. Recent concerts where the artists and promoters resold tickets on the secondary market and split the profits with Ticketmaster include Neil Diamond, Bon Jovi, Celine Dion, Van Halen, Billy Joel, Elton John, and possibly Britney Spears.
When the recent Bruce Springsteen ticket sales event blew up in Ticketmaster’s stupid face, it brought down the wrath of New Jersey Attorney General Anne Milgram. Now Ticketmaster and New Jersey have reached a settlement that will change how the company conducts business across the U.S. Here’s what will change:
Reader Santiago CC’d us on a letter to Ticketmaster’s parent company, IAC. As we’ve mentioned before, Radiohead fans are upset with Ticketmaster for linking to and promoting a “partner” ticket reseller that is charging exorbitant amounts of money for hard-to-get Radiohead tickets.