The president of the United States, Donald Trump, signed on Monday an executive order for fight the “abusive bursting of tickets” and reform the ticket sales industry for live shows in the United States.
The signature of the order took place in the Oval Office, with the presence of singer Kid Rock, who wore a patriotic outfit with the US flag. During the act, the musician denounced that the resellers They use bots to acquire large volumes of tickets at their original price and resell them with a high profit margin, harming fans.
«They deserve to pay a Fair price For his tickets, ”said the musician according to Reuters, underlining the need for legislation that limits the massive purchase of tickets.
According to a report from the White House, the order entrusts the Secretary of the Treasury, Scott Besent, and the US Attorney General, PAM Bondi, to ensure that the resellers comply with tax obligations and other applicable regulations. Likewise, the Federal Trade Commission will work together with the Department of Justice to ensure compliance with competence laws in the entertainment industry.
Last year, the Department of Justice and numerous state prosecutors sued Live Nation Entertainment and its subsidiary Ticketmaster, accusing them of monopolizing the live concert market to the detriment of artists and spectators.
Live Nation Entertainment supported Trump’s measure and thanked the initiative to regulate resellers and stop the use of bots. «We support any Reform would be in the resaleincluding a stricter application of the BTS law, limits in resale prices and other measures, ”said the company.
Market control by Ticketmaster has been questioned for years. In January, American senators criticized the lack of transparency of the company and its inefficiency to prevent the massive purchase of tickets through Bots, after the Chaos in the sale of tickets for the ‘Eras Tour’ tour of Taylor Swift.
Analysts estimate that Ticketmaster dominates more than 70% of the market in the US, which has generated intense regulatory scrutiny. The White House emphasized the problem of bots, pointing out that their use allows resellers to monopolize large amounts of tickets at the original price and resell them with exorbitant overpricing, harming consumers and limiting the access of true followers to the events.
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