Live Nation has submitted a proposal to the Trump administration, pushing for changes to the secondary ticket market.<\/p>\n
The ticketing giant\u2019s proposal calls for a cap on resale prices at 20% <\/b>above face value, Variety <\/i>reported<\/a> Tuesday (July 8), citing Live Nation<\/b>\u2019s submission.<\/p>\n Live Nation is also proposing expanding artist control of ticket resales and strengthening government action against bad actors through enhanced website monitoring and stricter enforcement of the BOTS Act <\/b>from 2016. The BOTS Act bans<\/a> the use of automated systems to buy tickets.<\/p>\n Live Nation\u2019s submission was reportedly delivered to the Department of Justice <\/b>and Federal Trade Commission<\/b> on the final day of their public comment period.<\/p>\n The proposal directly addresses President Donald Trump<\/b>‘s March executive order<\/a> targeting “unscrupulous middlemen” in live entertainment, \u201cwho sit at the intersection between artists and fans and impose egregious fees while providing minimal value.\u201d<\/p>\n \u201cMany assume the system is rigged\u2026 this industry deserves a system that protects the artist-fan connection the way the artist meant it to be, not as corrupted by profiteering interlopers.\u201d<\/p>\n Live Nation<\/span><\/p><\/blockquote>\n In the document reviewed by Variety, <\/i>Live Nation wrote: \u201cMany assume the system is rigged\u2026 this industry deserves a system that protects the artist-fan connection the way the artist meant it to be, not as corrupted by profiteering interlopers.\u201d<\/p>\n Trump signed<\/a> the \u201cCombating Unfair Practices in the Live Entertainment Market executive order in March with rock-country musician Kid Rock <\/b>standing by his side in the Oval Office. The order directs Attorney General Pam Bondi <\/b>and the FTC to ensure the proper enforcement of competition laws in the concert and entertainment industry.<\/p>\n At the time, Kid Rock directed criticism at Live Nation-owned Ticketmaster, suggesting the ticketing giant benefits from secondary market sales at the expense of fans.<\/p>\n \u201cIf Ticketmaster sells a ticket and you buy a ticket and go to a show, you\u2019re in a lot of ways their worst customer,\u201d Kid Rock explained. \u201cThey make another 17 or whatever percentage every time that ticket resells, so they don\u2019t want to enforce the BOTS Act necessarily because they\u2019re making more money off it.\u201d<\/p>\n\n