UK government to ban above-face value ticket reselling [MSNBC.com]
Live Nation Entertainment, Inc. (LYV)
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Source: MSNBC.com
Key PointsDua Lipa performs during a concert as part of the "Radical Optimism Tour" at Estadio Mas Monumental Antonio Vespucio Liberti on Nov. 8, 2025 in Buenos Aires, Argentina.Tomas Cuesta | Getty ImagesThe U.K. government is set to ban the resale of live-event tickets for above face value on Wednesday. The move covers concerts, major sports, and theater, according to multiple British press reports.The move was not a surprise, as the country's Labor Party under Prime Minister Keir Starmer had signaled earlier support for a crackdown on ticket practices, citing the issue of inflated resale prices as a significant consumer protection issue.Dozens of artists including Sam Fender, Dua Lipa and Coldplay signed a recent open letter urging Starmer to move ahead with promises and implement a cap on resale price tickets.Housing Secretary Steve Reed toldBBC BreakfastNew legislation is expected to include caps on platform fees and price limits to avoid any workarounds that artificially inflate
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