We are pleased that this matter is now resolved.' Their actions violated our corporate policies and were inconsistent with our values. 'Today’s resolution demonstrates that any company that obtains a competitor’s confidential information for commercial advantage, without authority or permission, should expect to be held accountable in federal court.”Ī spokesman for Ticketmaster said: 'Ticketmaster terminated both in 2017, after their conduct came to light. Seth DuCharme, acting chief prosecutor for the Eastern District of New York, said: “Ticketmaster employees repeatedly – and illegally – accessed a competitor’s computers without authorisation using stolen passwords to unlawfully collect business intelligence. The lawsuit was settled the following year for at least $110m. Songkick eventually shut down its ticket-selling business in 2017, blaming Ticketmaster, while selling its other operations to Warner Music Group. While the agreement does not name Songkick, its details exactly match those of Songkick's 2015 lawsuit against Ticketmaster and its parent company Live Nation, which accused them of causing 'irreparable harm' by stealing trade secrets and poaching musicians. Under the deal, TicketMaster admits that its executives tried to 'choke off' the victim company and 'cut off at the knees' by illegally accessing its internal systems with the help of a former employee between 20.

United States prosecutors said on Wednesday that they had reached a deal with the online concert ticketing giant to settle criminal charges for a two-year scheme of corporate espionage against a UK-based competitor.

Ticketmaster has agreed to pay a fine of $10m (£7.3m) for hacking into its British rival Songkick and stealing information in order to gain a competitive edge.

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