WASHINGTON - US regulators have sued Ticketmaster and its parent company Live Nation, accusing the companies of employing illegal ticket resale tactics and costing consumers millions of dollars in the process. The Federal Trade Commission, along with seven states, said the entertainment giant coordinated with brokers to buy concert tickets and ultimately sell those tickets at a "substantial" mark-up, profiting from huge resale fees. The resale practices violated consumer protection law, the Federal Trade Commission (FTC) said. Ticketmaster, which dominates the concert ticketing market, has faced backlash against its ticket prices for years. The FTC's suit marks its latest hurdle. Artists can set limits for how many tickets a buyer can purchase, but the FTC alleges the companies turned a blind eye when brokers - professional resellers, either individuals or firms - violated those limits. It said that Live Nation and Ticketmaster allowed those "illegally obtained" tickets to be resold on the Ticketmaster platform…

Sept. 18 (UPI) -- Ticketing vendor Ticketmaster and owner Live Nation Entertainment illegally deceive consumers on the cost of tickets for live events, according to the Federal Trade Commission.

The Federal Trade Commission accused Live Nation and Ticketmaster of letting brokers circumvent purchase limits in a new lawsuit.