being sold by Ticketmaster are marked up more than 100% when fees and taxes are added to the face value.The bill would also attempt to reign in speculative ticket sales, a heavily criticized sales technique used by ticket scalpers to maximize profits. Speculative ticket selling is the practice of selling a ticket one does not own, often at the height of the market, and then waiting until the price drops to procure and deliver the ticket to the consumer.
The other bill, the Unlocking Ticketing Markets Act, was presented by longtime Ticketmaster critics Sens., seeking to limit the use and scope of exclusive multi-year ticketing contracts in live entertainment.
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