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Stock impact report

Canadians say ticket bots a ‘huge problem’ but divided on solution [Toronto Globe and Mail (Ontario, Canada)]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
As Ontario prepares to release revised legislation to combat the wild-west world of “bot” software-enabled ticket scalping and jacked-up resale prices, three-quarters of Canadians now call the bots a “huge problem” – but are divided as to how to it or address the troubles that trickle down from their use. A digital Angus Reid Institute poll of 1,517 Canadian adults released Monday found that eight in 10 supported making ticket bots illegal – with the same proportion saying that tickets should not be considered a commodity, and that that buying them to resell for profit is “unfair.” But they were split down the middle, literally 50-50, over whether government or industry should take responsibility for the changing ticket marketplace. Both are racing to figure out a solution. Major event jurisdictions such as the province of Ontario and the state of New York are wrapping their heads around legislation to combat bulk-bought tickets and sky-high resale pricing. Meanwhile, the tic Show less Read more
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