Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
A price cap of up to 10 percent above face value on resold tickets was included among Labour’s election pledges last year
UK watchdog the Competition and Markets Authority (CMA) has said for the first time that it would back a price cap on the resale of events tickets.
Dealing a blow to touts who use secondary ticketing sites such as Viagogo and StubHub to make significant profits on tickets for gigs and other events, the CMA said in a submission to a consultation by the Department for Culture, Media and Sport (DCMS) that a cap would “protect consumers from excessive resale pricing” if it was properly enforced.
A price cap of up to 10 percent above face value on resold tickets was…
The post UK Watchdog Backs Plan for Price Cap on Resale Tickets appeared first on The Quietus.
