. In an earnings release, the ticket-industry giant said over 19 million people attended events across 45 countries in the first quarter. Many venues and markets opened fully for the first time since the global pandemic began in 2020. But the success comes at a time a handful of bills are wending their way through Congress that target the company’s controversial and widely criticized ticketing practices and near-monopoly in the business.
“Through all of the noise, most people are ending up in the industry and politics at exactly where we are and the principles of what the FAIR Act is,” Rapino said. Rapino also said some of the legislation “swirling around” should help rein in scalpers, which the company blamed for crashing the site during Taylor Swift. “The common theme in all of this legislation that you’re seeing come forward is around limiting and putting some handcuffs around the scalper and the business,” Rapino said.
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Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »