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Resale platform StubHub has slammed Live Nation Entertainment\u2019s calls for a FAIR Ticketing Act, arguing that it would strengthen its \u201ccontrol over the industry and consumers\u201d.\u00a0<\/p>\n
Last week, Live Nation revealed strong financial results for 2022 and its support for a new ticketing act<\/a>, which calls for artists to be able to decide on resale rules; for it to be illegal to sell speculative tickets; to expand the \u2018BOTS Act\u2019; increase enforcement to crack down on resale sites that make it easy for ticket scalpers to thrive and for all-in pricing to be mandatory US-wide.<\/p>\n A StubHub rep told Variety<\/a>: \u201cIn the wake of bipartisan calls to investigate anti-competitive and anti-consumer practices by [Live Nation Entertainment], LNE\u2019s\u00a0solution is to point fingers and call for policies that strengthen their own control over the industry and consumers.\u00a0StubHub\u00a0continues to join consumer advocates in calling for comprehensive policy solutions, like the BOSS ACT, that empower fans, increase transparency across the entire marketplace, and ensure competition.\u201d<\/p>\n The BOSS Act \u2013 or the \u2018Better Oversight of Secondary Sales and Accountability in Concert Ticketing Act\u2019 as it is officially known \u2013 was designed to crackdown on illegal activity in the secondary ticket market, tackling bots, price-gougers and more. It was first introduced in 2009.<\/p>\n Last week, US Senators Amy Klobuchar and Mike Lee, Chair and Ranking Member of the Senate Judiciary Subcommittee on Competition Policy, Antitrust and Consumers Rights, called on the Department of Justice (DOJ) to continue examining<\/a> Live Nation and Ticketmaster\u2019s \u2018anticompetitive conduct\u2019.<\/p>\n