On Wednesday, ticketing executives will go before a powerful congressional subcommittee to discuss long-standing consumer complaints about the live event ticketing business.
Expect plenty of finger-pointing Wednesday when a half-dozen ticketing executives go before a powerful congressional subcommittee to discuss long-standing consumer complaints about the live event ticketing business.Bryan Perezwill be joined for by executives from Vivid Seats, TicketNetwork and Tickets.com to discuss how increased competition and the blurring of lines between primary and secondary tickets led to unpopular practices like speculative tickets and hidden fees.
But the most contentious portion of Wednesday's hearing will undoubtably focus on ticket transferability and technology from companies like Live Nation and AXS that can make tickets nearly impossible to resell. But not everyone is in agreement, including Ticketmaster’s Howe, who is expected to argue that “transferability restrictions allow consumers to access tickets at a face-value price” set by the artist for their fans, the report explains.
Officials at Ticketmaster argue that its the artists who dictate the rules on transferability and say tools like Safetix are only utilized by a small percentage of acts that want to make low priced tickets available to fans.
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