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ARTICLE · 15 DECEMBER 2016

NFL Changes Stance On Ticket Resale Floors

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

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The NFL has agreed not to require its teams to set minimum prices in ticket resale marketplaces as part of a settlement with several state attorneys general.

United StatesMedia, Telecoms, IT, Entertainment
Mackenzie Queenin
Mackenzie Queenin
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The NFL has agreed not to require its teams to set minimum prices in ticket resale marketplaces as part of a settlement with several state attorneys general. The settlement caps an investigation that was initially launched by New York Attorney General Eric Schneiderman into possible antitrust violations involving the NFL's implementation of resale price floors, the practice of putting a lower limit on ticket prices to ensure they are not sold for less than a set value.

The NFL encouraged individuals interested in selling tickets to do so on the NFL Ticket Exchange, a marketplace operated by Ticketmaster. The NFL Ticket Exchange thereby could prevent sales below the face value of the ticket, as a means of generating additional revenue. Because some teams require ticket holders to use the league-promoted platform, even sellers who would be willing to sell for less could not do so. Instead, fans were forced to pay a minimum price for all NFL games.

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