British Music Stars Unite Against 'Pernicious' Ticket Touting Websites
Some of the UK's biggest names in music have come together to urge Prime Minister Keir Starmer to take action against "extortionate and pernicious" ticket touting websites. Radiohead, Dua Lipa, Coldplay, Iron Maiden, Johnny Marr, and 35 other artists have signed a joint letter calling on the government to cap resale prices for tickets sold through secondary platforms like Viagogo and StubHub.
The artists argue that these companies are allowing ticket touts to profit from the sale of genuine tickets at inflated prices, making it difficult for fans to access live events. The practice, known as "speculative selling", involves tout firms advertising non-existent tickets and then sourcing real ones cheaply before reselling them for huge profits.
The artists claim that a hard cap on resale prices would help to tackle the problem, saying: "For too long certain resale platforms have allowed touts to bulk buy and then resell tickets at inflated prices, forcing fans to either pay above the odds or miss out entirely." They argue that this practice erodes trust in the live events sector and undermines efforts to make shows accessible and affordable.
However, Viagogo and StubHub have argued that capping resale prices would lead to an increase in outright fraud as fans turn to unregulated sales on social media and offshore sites. Some banks have also expressed concerns about the cost of processing chargebacks on any such fraud.
The government is currently consulting on a cap of between zero and 30% increase on the face value of a ticket, with results expected within weeks. If implemented, this could help to reduce the profit margins for ticket touts and make live events more accessible to genuine fans.
Some of the UK's biggest names in music have come together to urge Prime Minister Keir Starmer to take action against "extortionate and pernicious" ticket touting websites. Radiohead, Dua Lipa, Coldplay, Iron Maiden, Johnny Marr, and 35 other artists have signed a joint letter calling on the government to cap resale prices for tickets sold through secondary platforms like Viagogo and StubHub.
The artists argue that these companies are allowing ticket touts to profit from the sale of genuine tickets at inflated prices, making it difficult for fans to access live events. The practice, known as "speculative selling", involves tout firms advertising non-existent tickets and then sourcing real ones cheaply before reselling them for huge profits.
The artists claim that a hard cap on resale prices would help to tackle the problem, saying: "For too long certain resale platforms have allowed touts to bulk buy and then resell tickets at inflated prices, forcing fans to either pay above the odds or miss out entirely." They argue that this practice erodes trust in the live events sector and undermines efforts to make shows accessible and affordable.
However, Viagogo and StubHub have argued that capping resale prices would lead to an increase in outright fraud as fans turn to unregulated sales on social media and offshore sites. Some banks have also expressed concerns about the cost of processing chargebacks on any such fraud.
The government is currently consulting on a cap of between zero and 30% increase on the face value of a ticket, with results expected within weeks. If implemented, this could help to reduce the profit margins for ticket touts and make live events more accessible to genuine fans.