Artists like Wu-Tang Clan are tapping into a new generation of VIP companies for tour support.
After four years under the Sofar banner, David McKay and John Griffin are ready to take the company independent again.
The concert giant says the scathing ruling showed "judicial hostility" to private arbitration and warns that it will have "far-reaching consequences."
Members of the public are invited to submit comments "on harmful practices and on potential regulation or legislation to protect consumers in the industry" through July 7.
The CMA says that are investigating whether Ticketmaster breached consumer protection law during the sale.
The secondary ticketing company had gross sales of $8.7 billion in 2024 and plans to use the IPO proceeds to pay down its $2.33 billion of long-term debt.
Through mid-February, 2025 stadium shows are up 60% from the prior-year period and 65 million tickets have been sold for Live Nation concerts, a double-digit annual increase.
The company says a new program designed to replace the pass will be announced later this year.
The TICKET Act would introduce mandatory all-in pricing, require refunds for canceled events and ban speculative ticket sales.
Proposed measures to protect fans include capping resale prices and curbing resellers from listing more tickets than they are legally allowed to purchase on the primary market.
