Business Matters is a daily column that offers insight, analysis and opinion on the day's news. Follow Billboard senior analyst Glenn Peoples on Twitter at twitter.com/billboardglenn.

-- An important aspect of Ticketmaster’s settlement with the Federal Trade Commission is the restriction on ticket brokers from advertising tickets on resale sites before they actually have the tickets on hand. The broker must notify the customers when listing a ticket that has not yet been purchased. Ticketmaster must also notify buyers when they are directed away from the main ticket page to a ticket reseller like TicketsNow or TicketExchange (both are owned by Ticketmaster). One ticket broker told the Wall Street Journal Ticketmaster has “another huge advantage.” When a ticket broker is able to list a ticket as “on sale” before actually buying the ticket, it is effectively taking a pre-order. Without being able to take pre-orders, a broker must do a better job estimating demand. With uncertainty on the increase, a broker could likely have more unsold inventory and lower profits. It’s hard to say how these changes will impact consumer prices. If fewer tickets are being sold by brokers, more consumers will save money by paying the face value through Ticketmaster. But a ticket’s face value will be less predictable in the future. Ticketmaster (now part of Live Nation Entertainment) will eventually move to a more dynamic pricing model in order to capture more of a ticket’s total value. (Wall Street Journal) (Wall Street Journal)

-- Joel Tenenbaum, found guilty of file sharing by a Massachusetts jury, claims his file sharing caused no more than $21 in damages. That small dollar amount was offered in a reply brief in support of a motion to reduce the jury's verdict of $675,000, or $22,500 for each of 30 songs that were part of the trial. In arriving at the $21 figure, Tenenbaum multiplied a $0.70 wholesale rate by the number of songs in question. Ben Sheffner explains the judge in the Thomas-Rasset file sharing case rejected that calculation as "inadequate." A hearing on Tenenbaum's motion to reduce the penalty is set for February 23. (Copyrights & Campaigns)

-- Here are a some bits from Vevo CEO Rio Caraeff speaking at the paidContent2010 conference on Friday. (The quotes are as reported by paidContent; some may be paraphrasing from the panel discussion and not verbatim). Caraeff defended the Vevo joint venture after Pali Capital's Richard Greenfield expressed doubt about a number of media joint ventures. On the need for syndication partners: "You don't need everyone, but you need more than one entity to attract advertisers and viewers... We embrace ubiquity for the fan, as well as scarcity for the advertiser." On Warner Music Group being a Vevo holdout: "Their priorities are different. I don't think they have scale to drive major advertisers to their sites. We're doing 30 million streams a day. No one music company can do that." (paidContent)

-- TuneCore has added the iTunes ringtone store to its service. TuneCore customers will edit their own music into .wav clips of 5-30 seconds for TuneCore distribution to the iTunes iPhone ringtone store. To help create ringtones, TuneCore customers will be able to access a free download of PreSonus Studio One - a leading home recording software application - for 30-day trial.

-- Russian BitTorrent site Torrents.ru has had its domain suspended. The site, the largest BitTorrent site in the country, has set up a temporary domain. Torrents.ru is suspected of violating an article in Russian's criminal code and prosecutor's have launched criminal proceedings. (Moscow Times, TorrentFreak)

-- Last.fm has released an app that graphs personal listening history. Users can view the growth of their total play count or play count for a particular artist and song. (Last.fm blog)

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