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    UK to ban resale of tickets above face value for live events
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    UK to ban resale of tickets above face value for live events

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    2. yehyehyehyeh on

      About time. That’s the third time I’ve said that today, what’s going on with sensible news today?? Is there some bad news coming up?

    6. -starchy- on

      This is so that ticketmaster and other ‘authorised’ companies can continue to charge patrons inflated dynamic fees for ‘face value’.

    7. TheDawiWhisperer on

      Can we do this with Warhammer too lol

      Scalpers are absolutely taking the piss whenever something new comes out

    8. not_r1c1 on

      Will be interesting to see what happens with this.

      Do venues just start charging more?

      At current pricing levels, high as they often are, demand frequently exceeds supply. So either prices go up, or tickets for popular things are ‘rationed’ in some other way (eg bands have done things like presale for people who bought the album in the past, or have had particular tickets only available to fan club members, etc.)

    9. do_or_pie on

      > UK ministers plan to ban the resale of tickets for live events above their original cost, in an aggressive crackdown on touts and resellers who sharply increase the price of admission to concerts and sports events.

      > In plans to be announced on Wednesday, reselling a ticket above face value will be outlawed, government and industry figures told the Financial Times.

      > The big profits made by resellers were highlighted last summer when thousands of Oasis fans complained about the cost of buying tickets to see the rock band this year.

      > Some tickets for Oasis shows at Wembley Stadium in London were listed at more than £4,000 — well above their original value.

      > New legislation being drawn up by the Labour government will also cap service fees charged by resale platforms to stop price limits being undermined by the addition of hidden costs to a ticket.

      > Ministers want to make it illegal for people to resell more tickets than they were entitled to buy in the initial sale, in an attempt to end industrial-scale touting, in which bots are used to buy up vast numbers of tickets.

      > The government declined to comment.

      > The proposed changes would be a blow to popular secondary ticket platforms such as Viagogo and StubHub.

      > Such sites, which have become increasingly popular in recent years, have argued that proposals to limit price increases risk creating an illegal black market for tickets.

      > Some MPs and industry groups have also argued this would lead to fewer consumer protections.

      > But fans have been left frustrated by intermediaries selling tickets for increasingly high prices. 

      > The outcry over tickets for the Oasis reunion led ministers to launch a consultation in January into options for a crackdown, initially focused on a cap at 30 per cent above the original face value of a ticket. 

      > But Wednesday’s announcement will go further, with a total ban on sales “above original cost” for tickets to concerts, sport, comedy and theatre. 

      > The new rules are expected to shave up to £40 from the average cost of a resale ticket, saving tens of millions of pounds for fans every year.

    11. Drummk on

      The elephant in the room is that venues massively underprice tickets relative to the true market value.

    12. TofuBoy22 on

      I swear we should have a “quality of life” minister that just goes round doing all the small bug fixes to make things better

    15. Quick-Exit-5601 on

      And now do the same with any scrapers who don’t have a registered business and don’t pay adequate tax.

      Thanks