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Ticketmaster sued over Taylor Swift ticketing debacle

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Ticketmaster taken to court over Taylor Swift ticketing debacle

Ticketmaster is in hot water. More than two dozen fans across 13 states are suing the company for the Taylor Swift ticketing debacle.

The lawsuit has been submitted in the Los Angeles County District Court in California. Los Angeles is the home of Ticketmaster’s parent company, Live Nation.

Tickets to see Taylor Swift perform during the U.S. leg of her ‘Eras’ tour sold so quickly, most fans didn’t even get a chance to buy them.

At the time, the agency cited “extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory”.

This demand actually saw Ticketmaster’s website crash completely, leaving millions of Swifties furious.

Now, prices on the black market have skyrocketed.

https://twitter.com/taylorswift13/status/1588516506349891584?s=20&t=Sut4LeI6F85XMh_D4QDmpg

The lawsuit alleges Ticketmaster violated the California Cartwright Act and the California Unfair Competition Law during its presale to so-called “verified” fans.

The 26 individuals say Live Nation is guilty of fraud, price fixing, and antitrust violations as well as “intentional misrepresentation”.

It reads, “millions of fans waited up to eight hours and were unable to purchase tickets”, while scalpers and bots had access to the presale.

Ticketmaster is yet to respond to the lawsuit.

At the time of the ticket sales, Swift herself delivered a scathing review of the company.

The pop star said, “I’m not going to make excuses for anyone because we asked them, multiple times, if they could handle this kind of demand and we were assured they could”.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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