Combating Unfair Practices in the Live Entertainment Market
1. Purpose
This order aims to combat the detrimental effects of ticket scalping and excessive fees imposed by middlemen in the live concert and entertainment industries, thereby supporting fans and artists alike.
2. Key Actions And Directives
- Enforcement of Competition Laws: The FTC shall rigorously enforce existing competition and ticketing laws to ensure fair practices in the ticket market.
- Implementation of the Better Online Ticket Sales Act: The FTC will take necessary actions to ensure compliance with the Better Online Ticket Sales Act, focusing on transparency and fairness in ticket pricing.
- Reporting Requirements: The Secretary of the Treasury, Attorney General, and Chairman of the FTC are required to submit a report on the implementation of the order within 180 days.
3. Important Points
- Impact of Ticket Scalping: Ticket scalpers have led to fans paying exorbitant prices for tickets, with instances of prices reaching 70 times their face value, which ultimately deprives artists of rightful profits.
- Accessibility to Arts and Entertainment: The Administration is dedicated to making the arts and entertainment more accessible, opposing the exploitative practices that characterize the current ticketing landscape.
- Compliance with Law: The order does not alter the legal authorities of executive departments and is not intended to create enforceable rights against the U.S. government.
- Implementation Requirements: The execution of this order is contingent on the law and available appropriations, ensuring proper alignment with regulatory frameworks.
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