Ticketmaster Entertainment, LLC: Difference between revisions
Monopolistic practices |
added context and mentioned brand exclusivity deals, though I am unable to recall where I saw it mentioned |
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Ticketmaster was swift to identify the breach and take action to further secure its systems by shutting down affected systems, unfortunately ShinyHunters has been quick enough to steal significant amounts of information.<ref name=":2" /> In response Ticketmaster published an official statement about the breach and sent emails and physical mail where applicable warning customers about the breach and provided effected users a free 12-month identity protection service.<ref name=":1" /> | Ticketmaster was swift to identify the breach and take action to further secure its systems by shutting down affected systems, unfortunately ShinyHunters has been quick enough to steal significant amounts of information.<ref name=":2" /> In response Ticketmaster published an official statement about the breach and sent emails and physical mail where applicable warning customers about the breach and provided effected users a free 12-month identity protection service.<ref name=":1" /> | ||
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Event Ticketing through Ticketmaster/LiveNation website/app | |||
==Consumer Protection Incidents== | |||
<span></span><h4>ShinyHunters databreach (May 15, 2024)</h4>Ticketmaster's company network was accessed without authorization by the cybercriminal group "ShinyHunters", the group managed to gain access through a vulnerability in the Ticketmaster customer service portal.<ref name=":2">[https://www.frameworksec.com/post/ticketmaster-breach-a-deep-dive-into-the-may-2024-cyberattack-and-the-history-of-the-alleged-hackers "Ticketmaster Breach: A Deep Dive into the May 2024 Cyberattack and the History of the Alleged Hackers"] - frameworksec.com - accessed 2025-01-31</ref> The breach exposed consumer email, phone, encrypted payment information, and additional information provided by the consumer of around 40 million customers.<ref name=":1" /><ref name=":2" /> | |||
<span></span> | |||
====Ticketmaster's response==== | |||
<span></span> | |||
Ticketmaster was swift to identify the breach and take action to further secure its systems by shutting down affected systems, unfortunately ShinyHunters has been quick enough to steal significant amounts of information.<ref name=":2" /> In response Ticketmaster published an official statement about the breach and sent emails and physical mail where applicable warning customers about the breach and provided effected users a free 12-month identity protection service.<ref name=":1" /> | |||
== Monopolistic practices == | <span></span> | ||
'''LiveNation Merger''' | |||
<span></span> | |||
LiveNation, Ticketmaster's largest competitor attempted to merge with Ticketmaster, this gives Ticketmaster a largely controlling stake in the live event marketplace, in addition to exclusivity deals with artists to lock out other competitors | |||
<span></span> | |||
==R eferences== | |||
<span></span><references /> | |||
==Monopolistic practices== | |||
Ticketmaster has been accused of being a [[Monopoly|monopoly.]] | Ticketmaster has been accused of being a [[Monopoly|monopoly.]] | ||
Revision as of 10:57, 10 June 2025
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Template:CompanyPage Event Ticketing through Ticketmaster/LiveNation website/app
Consumer Protection Incidents
ShinyHunters databreach (May 15, 2024)
Ticketmaster's company network was accessed without authorization by the cybercriminal group "ShinyHunters", the group managed to gain access through a vulnerability in the Ticketmaster customer service portal.[1] The breach exposed consumer email, phone, encrypted payment information, and additional information provided by the consumer of around 40 million customers.[2][1]
Ticketmaster's response
Ticketmaster was swift to identify the breach and take action to further secure its systems by shutting down affected systems, unfortunately ShinyHunters has been quick enough to steal significant amounts of information.[1] In response Ticketmaster published an official statement about the breach and sent emails and physical mail where applicable warning customers about the breach and provided effected users a free 12-month identity protection service.[2]
LiveNation Merger
LiveNation, Ticketmaster's largest competitor attempted to merge with Ticketmaster, this gives Ticketmaster a largely controlling stake in the live event marketplace, in addition to exclusivity deals with artists to lock out other competitors
R eferences
Monopolistic practices
Ticketmaster has been accused of being a monopoly.
In May 2024, the Department of Justice filed a lawsuit against Ticketmaster and Live Nation for monopolizing the ticket industry.[1]
References
- ↑ Hayes, Adam. "Is Ticketmaster a Monopoly?".