Reside Nation has submitted a proposal to the Trump administration, pushing for modifications to the secondary ticket market.
The ticketing big’s proposal requires a cap on resale costs at 20% above face worth, Selection reported Tuesday (July 8), citing Reside Nation’s submission.
Reside Nation can also be proposing increasing artist management of ticket resales and strengthening authorities motion in opposition to unhealthy actors via enhanced web site monitoring and stricter enforcement of the BOTS Act from 2016. The BOTS Act bans using automated methods to purchase tickets.
Reside Nation’s submission was reportedly delivered to the Division of Justice and Federal Commerce Fee on the ultimate day of their public remark interval.
The proposal instantly addresses President Donald Trump‘s March govt order focusing on “unscrupulous middlemen” in stay leisure, “who sit on the intersection between artists and followers and impose egregious charges whereas offering minimal worth.”
“Many assume the system is rigged… this trade deserves a system that protects the artist-fan connection the way in which the artist meant it to be, not as corrupted by profiteering interlopers.”
Reside Nation
Within the doc reviewed by Selection, Reside Nation wrote: “Many assume the system is rigged… this trade deserves a system that protects the artist-fan connection the way in which the artist meant it to be, not as corrupted by profiteering interlopers.”
Trump signed the “Combating Unfair Practices within the Reside Leisure Market govt order in March with rock-country musician Child Rock standing by his facet within the Oval Workplace. The order directs Lawyer Common Pam Bondi and the FTC to make sure the right enforcement of competitors legal guidelines within the live performance and leisure trade.
On the time, Child Rock directed criticism at Reside Nation-owned Ticketmaster, suggesting the ticketing big advantages from secondary market gross sales on the expense of followers.
“If Ticketmaster sells a ticket and you purchase a ticket and go to a present, you’re in loads of methods their worst buyer,” Child Rock defined. “They make one other 17 or no matter share each time that ticket resells, so that they don’t wish to implement the BOTS Act essentially as a result of they’re making more cash off it.”
Shortly after the chief order was signed, Reside Nation issued a assertion supporting it, saying: “Scalpers and bots forestall followers from getting tickets on the costs artists set, and we thank President Trump for taking them head-on. We assist any significant resale reforms — together with extra enforcement of the BOTS Act, caps on resale costs, and extra.”
Subsequently, in Could, the DOJ teamed up with the FTC to launch a public inquiry to determine “unfair and anticompetitive practices and conduct within the stay live performance and leisure trade.”
They invited members of the general public to submit feedback and data on “dangerous practices and on potential regulation or laws to guard customers within the trade.” The companies stated they may use the data of their preparation of the report and suggestions directed by Trump’s March order.
Seperately, Reside Nation faces a civil antitrust lawsuit filed by the DOJ and 40 state and district attorneys normal. The DOJ and the attorneys normal sued Reside Nation and its subsidiary, Ticketmaster, in Could 2024, alleging “monopolization and different illegal conduct that thwarts competitors in markets throughout the stay leisure trade.”
Music Enterprise Worldwide
