Comment by KingFelix
7 days ago
The cure did this, we got tickets a few days before the shore, bought from reseller directly through ticket master but they could only be relisted at face value, got 8th for $75 I think, it was a great show
7 days ago
The cure did this, we got tickets a few days before the shore, bought from reseller directly through ticket master but they could only be relisted at face value, got 8th for $75 I think, it was a great show
Here in Norway they passed a law which states you can only resell tickets at face value. I'm sure there are some scalpers still but I can't recall reading about it in the news the way I did before the law.
Maybe that is what we need in US too.
Matt Haney is trying to do something with AB 1720 (Resale Price Cap), and Ticketmaster is supporting it. https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml...
I am not sure why a bill would set some magic and arbitrary percentage other than 0%. This has likely be negotiated with the industry.
Thinking more on those 10% cap, it would allow scalpers to sell the original ticket to themselves, over and over, to eventually reach the price of the market.
Unless Ticketmaster takes a significant proportional bite at every resell, nothing prevents scalpers to triple the price of the original ticket, but reselling in a loop.
I think that is the right way to give the enough price control to the artists. So, if The Cure wants to keep the ticket price low, they can.