Fair 72°
Tag:

Ticket Sales

Business
Fans Overcharged Billions In Massive Ticketmaster Resale Scheme, FTC Says Fans Overcharged Billions In Massive Ticketmaster Resale Scheme, FTC Says
Fans Overcharged Billions In Massive Ticketmaster Resale Scheme, FTC Says Live Nation and Ticketmaster are facing a federal lawsuit after the ticketing giants were accused of secretly working with brokers to resell tickets at inflated prices, costing fans billions of dollars. The Federal Trade Commission announced the lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, in a news release on Thursday, Sept. 18. The companies are accused of using illegal ticket resale tactics, misleading artists and customers. The complaint claims Ticketmaster allowed brokers to bypass security measures, buy tickets well above stated limits, and…

SHARE

by Chris Spiker
Business
Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know
Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know Spirit Airlines has filed for bankruptcy for the second time in less than a year, underscoring the financial crisis facing the nation's largest budget carrier. Spirit announced the Chapter 11 bankruptcy filing in a news release on Friday, Aug. 29. The Dania Beach, Florida-based airline previously emerged from bankruptcy in March, after Spirit shed nearly $800 million in debt and secured $350 million in new equity. The filing came less than three weeks after Spirit executives admitted there is "substantial doubt" about the company's ability to survive another 12 months without…

SHARE

by Chris Spiker
Lifestyle
Ticket Broker Rigged System To Resell Taylor Swift Tickets For Huge Profits, FTC Says Ticket Broker Rigged System To Resell Taylor Swift Tickets For Huge Profits, FTC Says
Ticket Broker Rigged System To Resell Taylor Swift Tickets For Huge Profits, FTC Says The federal government is suing a Maryland ticket broker, accusing the company of scooping up hundreds of thousands of tickets for major events, including Taylor Swift's record-breaking Eras Tour. The Federal Trade Commission announced the lawsuit against Key Investment Group on Monday, Aug. 18. The Pikesville, MD-based broker has operated under names like Epic Seats, TotalTickets.com LLC, and Totally Tix LLC. Investigators said Key Investment Group resold the tickets at steep markups that generated about $64 million in sales. Three of the company's executives are named …

SHARE

by Chris Spiker
Sports
Huskies Show Him The Money: Hurley Signs New $50M Deal With UConn Huskies Show Him The Money: Hurley Signs New $50M Deal With UConn
Huskies Show Him The Money: Hurley Signs New $50M Deal With UConn Head coach Dan Hurley of the two-time national champion University of Connecticut men's basketball team has hit the jackpot by signing a new $50 million, six-year contract with the program. The school announced the deal on Monday, July 8, saying Hurley was the best college basketball coach in the nation. Under the new contract, Hurley will receive a base salary of $400,000 yearly and additional compensation for speaking, consulting, and media obligations of $6.375 million this year. The university said the contract then escalates each year. He will also receive a retention bonus …

SHARE

by Kathy Reakes