Core Points - The Federal Trade Commission (FTC) and seven states have filed a lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, for allegedly failing to control ticket resellers and engaging in illegal resale tactics, leading to consumers paying significantly more than the ticket's face value [2][3] - The FTC's complaint claims that Ticketmaster utilized deceptive pricing tactics, resulting in "hundreds of millions" in revenue from tickets acquired illegally, costing consumers "billions" in inflated prices and additional fees [3][4] - The lawsuit alleges violations of the FTC Act and the Better Online Ticket Sales Act (BOTS Act), with the FTC seeking civil penalties and additional monetary relief [4] Company Overview - Ticketmaster is the leading provider of concert and event tickets, formed in 2010 after the merger of Live Nation and Ticketmaster, with Live Nation Entertainment managing ticket sales for live events both in the U.S. and internationally [6] - Live Nation Entertainment reported a revenue of $7 billion for Q2 2025, marking a 16% year-over-year increase, with an operating income of $487 million, up 4%. However, its earnings-per-share (EPS) of $0.41 fell short of estimates by $0.67 [9] Market Reaction - Following the lawsuit announcement, shares of Live Nation (LYV) declined over 2.5% in midday trading [7]