Live Nation Proposes 20% Ticket Resale Cap
Live Nation, a major player in the ticketing game, is now pushing for changes in the secondary ticket market that could make our lives a lot easier. They’ve submitted a proposal to the Trump administration that could shake things up in big ways.
The ticketing giant is calling for a price cap on resold tickets — max 20% above face value. Imagine that! No more spending your entire paycheck just to see your favorite DJ spin. This move, if accepted, could change the game for us ravers and EDM fans, making live events more accessible and affordable.
But, that’s not all, folks! Live Nation also wants to give more power to the artists in controlling ticket resales. Plus, they’re pushing for tougher action against the shady characters in the business, through enhanced website monitoring and stricter enforcement of the BOTS Act from 2016. Remember that one? It’s the act that bans the use of automated systems to buy tickets.
Live Nation’s Proposal
According to a report from Variety on July 8, Live Nation’s proposal aims to protect fans and artists alike from the dark side of the secondary ticket market. They’re targeting the “unscrupulous middlemen” that President Donald Trump called out in his March executive order. These bad actors use bots to snatch up tickets and then resell them at steep prices.
Live Nation’s proposal is pretty straightforward: put a cap on resale prices at 20% above face value. This means that the most you’d pay for a resold ticket is a fifth more than its original price. This could seriously change the game for us, making those sold-out shows a lot more attainable.
But this proposal isn’t just about the fans. Live Nation is also suggesting expanding artist control of ticket resales. This means that your favorite DJ would have more influence over their ticket sales, ensuring that their true fans, not bots or scalpers, have access to their shows.
The Potential Impact
So what does all this mean for us ravers and EDM fans? Well, if Live Nation’s proposal goes through, we could see some big changes. First off, those outrageous ticket prices on resale sites could become a thing of the past. That means more money for festival gear, travel, and maybe even a meet and greet with your favorite artist.
On top of that, artists having more control over ticket resales could improve our chances of actually getting tickets in the first place. We’ve all experienced the frustration of tickets selling out in seconds, only to appear minutes later on resale sites at double the price. With this proposal, artists would have more power to ensure their tickets end up in the hands of true fans.
And let’s not forget about the action against the bad actors. A stricter enforcement of the BOTS Act and enhanced website monitoring could make buying tickets less of a Wild West scenario. It’s high time those bots and scalpers got a reality check, and this proposal could be just what’s needed.
What’s Next?
Live Nation’s proposal is currently in the hands of the Trump administration. While we wait for their decision, we can only imagine the potential impact this could have on the live event scene. This could be the game-changer we’ve been waiting for, making live music more accessible and affordable for all fans.
Meanwhile, keep the beat alive, rave on, and stay hopeful. Change could be coming to the secondary ticket market, and it’s music to our ears.
