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Ticketmaster on Wednesday agreed to pay a $ 10 million fine to evade criminal prosecution accusing the company of hacking into the computer system of a rival startup.
A judge signed the agreement in federal court in New York. The big-name concert ticket seller had faced multiple charges of conspiracy to commit hacking and wire fraud targeting a Brooklyn-based company called Songkick.
Ticketmaster, which is owned by Live Nation Entertainment Inc. LYV,
said in a statement on Wednesday that the conduct only affected two employees made redundant in 2017.
Prosecutors alleged that Ticketmaster sought to infiltrate systems created by Songkick for performers seeking to sell seats before general ticket sales. They said the goal was to dissuade Songkick customers from working with the company.
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