Getting your player ready...
WASHINGTON — Live Nation Entertainment Inc.’s Ticketmaster unit has reached a settlement with federal regulators to refund money to people who bought marked-up tickets to 14 Bruce Springsteen concerts last year.
The settlement, announced Thursday by the Federal Trade Commission, will give customers the difference between the marked-up price and the face value of their tickets. FTC Chairman Jon Leibowitz said the refunds could go to thousands of people and ultimately total more than $1 million.
The investigation found that even though face-value tickets were still available, customers were redirected to Ticketmaster’s resale site to buy tickets that were in some cases two, three or four times face value.
The Associated Press
