Ticketmaster will pay $10 million for stealing information from its rival Songkick

Ticketmaster has been ordered to pay $10 million USD in reparations following their guilty sentence in stealing information from a rival service for over 2 years.

From the period of August of 2013 to December of 2015, Ticketmaster had its employees use stolen passwords to access computers that belonged to a rival service, Songkick, in order to get confidential information pertaining to Songkick's business.

This fine is as relatively low as it is due to the lack of associated antitrust litigation, as Ticketmaster's owner Live Nation bought out Songkick for $110 million back in January of 2018. The 5 criminal counts in this case include computer intrusion, conspiracy, and wire fraud.

Ticketmaster stated the following in regard to the sentencing:

"[The employees responsible and their] actions violated our corporate policies and were inconsistent with our values. We are pleased that this matter is now resolved.”

Further coverage: Reuters