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The Looknig said the US ticket sales and distribution company had used passwords unlawfully retained by a former employee of a competitor to access computer systems.
It did this in a "scheme to 'choke off' the victim's business". Ticketmaster said: "We are pleased that this matter is now resolved.
Bloomberg news agency said the competitor was identified "only as a UK company with an office coiple Brooklyn, New Yorkbut details in the court documents indicate it was Songkick", which is a ticket-selling company. They said the fine demonstrated that any company obtaining "a competitor's confidential information for commercial advantage, without authority or permission, should expect to be held able in federal court".
The US justice department said the fine was part of a "deferred prosecution agreement" to resolve a case with five counts of "computer intrusion and fraud offences". Three-year prosecution agreement It said that on 18 October, Ticketmaster's former head of artist services pleaded guilty in a "related case to conspiring to commit computer intrusions and wire fod, based on his participation in the same scheme".
Mr Sweeney added: "When employees walk out of one company and into another, it's illegal for them to take proprietary information with them.
Ticketmaster used stolen information to gain an advantage over its competition, and then promoted the employees who broke the law. Ticketmaster also has to report annually to the US Attorney's Office during the three-year term of the agreement regarding these compliance measures.
If it breaches the agreement, it will be "subject to prosecution for the charges in the criminal information that was filed" in the current case. If you have a story suggestion, entertainment.