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FYI

Ticketmaster Facing Class Action Suits Over Ticket Resales

Following the explosive reports about Ticketmaster working with touts to inflate ticket prices for their own betterment, a joint investigative team led by The Toronto Star and the CBC has, apparent

Ticketmaster Facing Class Action Suits Over Ticket Resales

By FYI Staff

Following the explosive reports about Ticketmaster working with touts to inflate ticket prices for their own betterment, a joint investigative team led by The Toronto Star and the CBC has, apparently, put more meat on the bone for at least two class action suits against the publicly traded entertainment behemoth.


The impact of the investigation, and the outcome of the separate suits in Canada and the US remains to be seen; however, the growing live event infrastructure, a rise in disposable income, and the evolution of mobile ticket sales have created big growth opportunities in the global secondary ticket market, where many world’s leading ticket resellers are making huge revenues every year.

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According to a report from Technavio, the global secondary ticket market is expected to reach a total value of US$15.19 billion by 2020. The report identifies that the increased utilization of mobile apps will be one of the significant factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that this market will grow at a CAGR of around 13% by 2021.

– Sources: The Toronto Star, Technavio

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Justin Bieber
Evan Paterakis
Justin Bieber
FYI

Justin Bieber's New Album 'Swag' Is Here

The Canadian pop star's seventh album dropped as a surprise today. Others releasing new music this week include Canadian/Kiwi roots star Tami Neilson, Toronto indie rock outfit Long Branch and Montreal indie rockers Karma Glider.

The Biebs is back!

A day after teasing a surprise album with an Instagram photo, pop superstar Justin Bieber has released Swag, his first album since Justice in 2021, via Def Jam Recordings.The 21-song opus, his seventh studio album, features collaborations with such songwriters and producers as Carter Lang, Dylan Wiggins, Dijon, mk.gee, Daniel Chetrit, Eddie Benjamin, Knox Fortune and more. Canadian R&B star Daniel Caesar, who was featured on the 2021 No. 1 hit "Peaches," is also credited as a writer and producer on the song "Devotion." Some of the album was recorded in Iceland in April. Streaming links here.

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