Ticketmaster and Live Nation are pushing for ticketing reforms to prevent scalping and ticket resale after facing backlash from lawmakers and fans
Pushing for a “Fair Ticketing act,” Live Nation — owner of both the eponymous live music promoter as well as ticketing giant Ticketmaster — is advocating for federal laws that could weaken scalpers’ ability to mark up ticket prices and gouge customers for in-demand concerts.
“To truly protect consumers, Congress should make a federal law that backstops artist’s [sic] ability to control their tickets,” the company said. “Together we can create a fair system that benefits everyone.” Live Nation also pointed toward active legislation in several states across the country such as Georgia, California and Maryland that if passed would prevent artists from limiting transferability of their tickets to the resale. Such legislation protects the scalpers and their ability to make profits, not the fans, Live Nation said. Zach Bryan is using non-transferrable tickets for his upcoming Burn Burn Burn Tour, and as, resellers are listing tickets on platforms like VividSeats anyways.
Legislation focused around the points Live Nation mentioned doesn’t touch on all the complaints customers often have in the ticket-buying process such as high fees or dynamically-priced tickets, but they could in part address other long-held issues in the market regarding flexibility for artists and transparency for fans. Live Nation’s call comes alongside an earnings report for the company’s Q4 2022. Live Nation posted $16.7 billion in revenue with $732 million in net income.
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