Live events industry
Concert promoters and artist managers in the United Kingdom are calling on the country’s culture secretary to back a proposal that would cap resold ticket profits at 10 percent above face value. The plan was initially proposed in Parliament earlier this year by member Sharon Hodgson, but it has since languished but was kicked back into play at a meeting with Culture Secretary Jeremy Hunt where industry representatives including Muse manager Anthony Addis and Iron Maiden manager Ron Smallwood called for action. A 2010 Government report said that the secondary ticket market could police itself – and after the meeting the Department of Culture Media and Sport (DCMS) released a statement saying that it did not anticipate a move towards regulation. Edward Parkinson from Viagogo told ticketnews.com that price caps were not the answer.