The U.S. Supreme Court declined on Monday to hear a bid by Live Nation and its subsidiary Ticketmaster to move a proposed consumer class action lawsuit over rigged ticket prices out of federal court and into private arbitration.

Live entertainment giant Live Nation has announced it’s planning to issue $1.3 billion in convertible bonds to refinance debt and fund general corporate purposes.

Regulators allege Ticketmaster used deceptive pricing and sales tactics, costing consumers billions of dollars.

A Coupon Cabin survey published in January 2025 found that 90% of Americans believe concert tickets are overpriced [5]. Even so, people still went to an average of seven concerts in 2024. Last year, 32% of respondents spent between $100 and $499 on tickets, at a time when the cost of living was up across the board [5].

Live Nation lost a bid for Supreme Court review of a ruling that struck down arbitration agreements for concert tickets buyers.

Scrutiny of the companies reignited in 2022 after sales to Taylor Swift’s Eras Tour crashed its site, raising questions about coordinated-buying practices on its platform.

Despite rising costs for concert tickets, CEO Michael Rapino says music fans get top-tier experiences for far less than sports.

The Federal Trade Commission sued Ticketmaster and Live Nation for allegedly coordinating with brokers to harvest tickets and sell them at substantial markups to consumers.

Grammy-winning producer-songwriter Jack Antonoff slammed Live Nation CEO Michael Rapino’s recent claim that concert tickets are “underpriced,” calling the perspective “a sick way of looking at it.” In a social media post,

In a court filing, the Federal Trade Commission accused ticket-selling giants Ticketmaster and Live Nation of acquiring illegal brokers and deceiving customers with lower prices.

"The concert is underpriced, has been for a long time," Live Nation CEO Michael Rapino said in a recent interview.

A lower court found that Live Nation and Ticketmaster's switch to a different arbitration scheme without clearly informing their customers “boggles the mind.”