TM Settles With Canada

Canadian courts have approved a settlement agreement over a number of class-action suits filed against Ticketmaster and its subsidiary Ticketsnow in 2009.

The class sought hundreds of millions of dollars for those who purchased through the resale site, alleging TM diverted tickets to popular events away from Ticketmaster Canada in favor of TicketsNow. 

Under the terms of the deal, TM will issue automatic refunds of $36 per ticket to consumers who purchased through TicketsNow during the class period.  Ticketmaster has also been asked to change its ticket resale practices.