President Trump signed an executive order aimed at putting an end to ticket-price gouging in the live entertainment industry, directing the FTC and Attorney General Pam Bondi to enforce competition laws and promote price transparency. Musician Kid Rock was present at the signing, expressing his frustration at ticket prices being resold for exorbitant amounts by bots. The order also strengthens the enforcement of the BOTS Act, which targets individuals and companies using bots to buy and resell tickets in bulk.
The issue of price gouging came into the spotlight during Taylor Swift’s Eras Tour when resale prices skyrocketed. This led to backlash against Ticketmaster, accused of monopolizing the ticketing industry. Trump’s order follows previous efforts by the Biden administration to crack down on hidden fees for concert tickets.
The live concert and entertainment industry in the US has a significant economic impact, generating $132.6 billion and supporting 913,000 jobs. Trump’s executive order aims to protect consumers from unfair ticket prices and promote a more transparent and competitive ticket-buying process.
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