U.K. government moves to ban inflated resale of tickets for entertainment and sports events | CBC Radio
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U.K. government moves to ban inflated resale of tickets for entertainment and sports events | CBC Radio
"For too long, ticket [scalpers] have ripped off fans, using bots to snap up batches of tickets and resell them at sky-high prices, Lisa Nandy, British Secretary of State for Culture, Media and Sport said in a statement."
"You've got some dedicated people unlawfully removing huge volumes of primary tickets at face value and then instantly [and] dynamically inflating those tickets, Webb told As It Happens host Nil Koksal."
"They are creating their own demand, and then they are 'very kindly' offering"
The U.K. government has proposed legislation to make it illegal to resell tickets for concerts, theatre, comedy, sports and other live events for more than their original face value. The measures target scalpers who use bots to buy large batches of primary tickets and then resell them at inflated prices. The government estimates savings of about 112 million annually and 900,000 more tickets sold directly from primary sellers each year. The secondary market is dominated by Viagogo and StubHub, while Ticketmaster has moved to a capped resale platform. Musicians including Coldplay, Dua Lipa and Radiohead urged government action. Fan Fair Alliance says regulation could directly target unlawful bulk buying and dynamic inflation tactics.
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