US House passes TICKET Act to force event pricing transparency
On Wednesday, the US House of Representatives passed a bill that could provide at least some accountability for Ticketmaster
In addition to the full pricing breakdown, the bill would require sellers to indicate whether the tickets are currently in their possession.
It would also ban deceptive websites from secondary vendors and force sellers to refund tickets to canceled events.
The bill doesn’t appear to address price gouging or extravagant fees.
Reforming the ticketing industry became a political point-scoring item in late 2022 after Ticketmaster’s Taylor Swift fiasco.
The Live Nation-owned service, which has a stronghold on the industry, melted down as millions of fans battled “a staggering number” of bots.
Ticketmaster said presale codes reached 1.5 million fans, but 14 million (including those pesky bots) tried to buy tickets.📷
This consensus legislation will end deceptive ticketing practices that frustrate consumers who simply want to enjoy a concert
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