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Entertainment

Broker Accused of Illegally Buying 18.5 Million Tickets to Beyoncé, Post Malone, and More

Rolling Stone ·
Broker Accused of Illegally Buying 18.5 Million Tickets to Beyoncé, Post Malone, and More

Federal prosecutors are accusing a San Diego-based entertainment company of using bots and other illegal means to scoop up millions of tickets to hot events such as concerts for Beyoncé, Post Malone , Pitbull , and Luke Bryan, then reselling the tickets in bulk for a profit, often against the artists’ wishes.

In a 22-page lawsuit filed Thursday and obtained by Rolling Stone , the Justice Department says REPS & Co sidestepped ticket limits for at least 83,000 events, shelling out more than $1.3 billion for a staggering 18.5 million tickets to concerts, Broadway shows, college sporting matches, and other popular events identified through software as high-demand. The company then turned around and unloaded the tickets at markups on resale sites including StubHub, Vivid Seats, SeatGeek, Gametime, and Ticketmaster’s own resale platform, raking in at least $120.8 million in profits, prosecutors claim.

The lawsuit alleges that for just one concert on Beyonce ’s Renaissance tour at Arrowhead Stadium in California on Oct. 1, 2023, REPS used at least 1,300 accounts to purchase 7,624 tickets through Ticketmaster. The ticket purchase limit for that concert was between four and eight, prosecutors said, and REPS allegedly made approximately $833,323 in profit by reselling those tickets.

Read the full article on Rolling Stone ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.rollingstone.com — the content belongs to Rolling Stone.

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