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NJ congressman calls for regulations on ticket sales: ‘This market has to change’

KYW Radio Philadelphia logo KYW Radio Philadelphia 8/4/2019 Mike Dougherty
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NEW JERSEY (KYW Newsradio) -- Live Nation and promoters for Metallica were recently caught selling tickets on the secondary market that were never made available to the public at face value. Now a congressman from New Jersey says it's time for some regulation in the Wild West of ticket sales.

...listen to the audio...

Entertainment economics are pretty complicated. Lots of mouths are looking for a piece of the pie.

"Live Nation operates with impunity. Nothing Else Matters, as one of the Metallica songs goes," said Rep. Bill Pascrell Jr. of New Jersey.

He says deals between venues, promoters and ticket selling companies put consumers last, and then there are the bots that scoop up all the tickets in seconds.

"This market has to change," he said.

Pascrell wants transparency with upfront pricing -- no more "convenience fees" -- and he wants to eliminate aspects of the secondary market that don't give regular people much of a chance to score a seat.

"Because of the rise of monopolies, competition dwindled and prices for top tickets have gone sky high. So I wrote to the Justice Department," he said.

Live Nation wouldn't agree to a recorded interview but said it did use the secondary market as a sales distribution channel for select high-end tickets in order to prevent the scalpers from cashing in.

Here's a link to see the bill introduced by Rep. Pascrell.

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