In response to being called out by congress LN/TM has promoted what it's calling the Fair Ticketing Act. Gotta say, it's not bad. While I'm not sure what they're lobbying for in the fine print, the ideas are typically what I'd like to see. We can all say that banning ticket scalping is the only thing that'll work, but there is something to be said for flexibiiby. A few months ago I had to sell a ticket to see PT in SF because I caught Covid. While I did sell it a a loss (about $25) it was far better than eating the entire cost of the ticket.
Because they're the most evil people in the known universe we can say that they're only doing it to cover their own hides, but that's not a huge concern for me. We all do. The ideas themselves will first and foremost help the artist, and if they really mean letting an artist dictate maximum resale value, it'll be a boon for the fans.
It's also worth noting that the people who hate this are Stubhub. They've actually got a valid point in that their primary competitor is TM's own resell marketplace, but TM has no reason not to abide by the same rules, as they get their money the same way SH does, which is by more fees to the resell. If I like it and scalpers hate it, it's probably a good thing.
https://www.livenationentertainment.com/2023/02/live-nation-entertainment-announces-support-for-a-fair-ticketing-act/ARTISTS SHOULD DECIDE RESALE RULES.
Protect artists’ ability to use face-value exchanges and limited transfer to keep pricing lower for fans, and prevent scalpers from exploiting fans.
MAKE IT ILLEGAL TO SELL SPECULATIVE TICKETS.
Scalpers use deceptive tactics to trick fans into spending more or buying tickets the seller doesn’t even have – this confuses fans and should be banned.
EXPAND THE BOTS ACT.
Policymakers should expand the scope of the BOTS Act and increase enforcement to deter those who break the law, cheating artists and fans in the process.
CRACK DOWN ON RESALE SITES THAT ARE SAFE HAVENS FOR SCALPERS.
Resale sites that turn a blind eye to illegally acquired tickets, allow ticket speculation, and ignore artists’ rules need real consequences from policymakers to curb their bad behavior.
MANDATE ALL-IN PRICING NATIONALLY.
Avoid surprises at check out and give fans the ability to easily compare prices as they shop by mandating all-in pricing that shows the full out of pocket cost of the ticket and fees right upfront.
That first one really is the big one. Aside from letting artists determine resell value, limiting the number of tickets sold will also be a massive improvement. While I've had to resell tickets I couldn't use, I've never had to sell 16 tickets to 8 different people before.