variety.com
27.02.2023 / 21:05
StubHub Slams Live Nation’s ‘Anything But Fair’ FAIR Ticketing Act Proposal
Jem Aswad Senior Music Editor Amid last week’s announcement of record earnings of $16.7 billion in 2022, Live Nation came out with guns blazing about last month’s Senate hearing examining the ticketing industry — which was fiercely, if one-sidedly, critical of Live Nation’s Ticketmaster division — and took aim at the secondary ticketing market, which it identifies as the major problem facing the industry and concertgoers worldwide. As part of that counter-offensive, it announced what it calls the FAIR Ticketing act (full details of which can be found here), the basic tenets of which state: that “artists should decide resale rules,” which would be an effort to allow artists to take the lead in preventing exploitative prices on the secondary market; would “make it illegal to sell speculative tickets,” addressing scalpers’ habit of tricking fans into buying tickets that do not yet exist; would “expand the BOTS Act,” to combat the widespread use of ticket-buying bots on the secondary market; “crack down on resale sites that are safe havens for scalpers,” which would force secondary-market sites to police the activity on their platforms more aggressively; and “mandate all-in-pricing nationally,” which would address the processing and other fees that often are not revealed until very late in the sale process.