Junk Fees, Secondary Ticketing or Dynamic Pricing, today’s common buzzwords surrounding the art of ticketing is keeping consumer watch dogs, politicians and lobbyists equally busy.
There are solid legal reasons, why the French promoter association Prodiss successfully sued Google for advertisements by ticket resell platforms. There are stories to be told, why big promoters team within FEAT (Face-value European Alliance for Ticketing) to lobby to ban the unauthorized resale of concert tickets. There are questions to be answered, when a US-Politician like Amy Klobuchar is writing a letter to CEO Michael Rapino asking for an update on price transparency efforts by Live Nation/Ticketmaster.
No one better than politicians have the ability to create and to ratify laws that define the legal framework how concerts tickets supposed to sold in a fair and consumer friendly manner. Some developments in this market apparently require an update of regulations as big companies such as Live Nation or CTS Eventim maximized their business models that raises concerns by politicians. Not to forget about those touts aiming for to turn the black market of tickets into a grew one.
Still yet certain legal aspects for this part of the live entertainment industry are neither in Europe nor in the US standardized. But the news-flow confirms, politicians on both sides of the Atlantic start looking more actively in this very prospering business. Time for a fresh round-up at the beginning of 2024, what to expect and what kind of legal solutions are politically applicable.
Friday, January 19, 2024 – ESNS Eurosonic Noorderslag