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Is Ticketmaster fleecing its customers, or is Leonard Cohen that popular?

Ticketmaster (NASDAQ: TKTM) finds itself on the end of new allegations that it is fleecing customers, thanks to a Leonard Cohen show -- yes, Leonard Cohen. Back in February, the company announced a merger with Live Nation in a $2.5 billion deal to create the nation's largest ticket provider. This deal prompted quite a bit of speculation on monopolies, along with some disdain for the involved companies.

It seemed that Ticketmaster had fallen out of the public eye for a while, although people still complain about the 40% surcharge to purchase tickets. Enter Leonard Cohen. Two different articles surfaced this week, one from Canada and one from Los Angeles, complaining about the company's business practices stemming from ticket sales for Leonard Cohen shows.

Continue reading Is Ticketmaster fleecing its customers, or is Leonard Cohen that popular?

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