Posted by admin on December 5, 2007
Artists Want Profit From Resold Concert Ticket
Robbie Williams, Radiohead, and Arctic Monkeys joined calls Tuesday for a levy to be added to concert tickets resold on the web in order to allow musicians to claw back some of the profits that are made by touts and fans. The acts’ managers said the move was vital to bring some regulation and rigor to the ticket market, which they described as “the wild west”. It was proposed to establish a Resale Rights Society, which would collect a fee from each concert ticket sold on eBay and other websites.