Live Nation CEO praises Donald Trump’s ticket scalping executive order

One of the largest companies in the field of entertainment is to praise the administration’s step to reduce the sacrifice of the prices that have spread in the concert industry.

Michael Rabino, CEO of Live National Entertainment Inc. The administration is to “take tickets face to face”, saying that it will protect US consumers and artists.

The company, which owns Live Nation and Ticketmaster, has witnessed a dominant force in the live entertainment industry, encouraging, operating and managing ticket sales for direct entertainment, the shares jumped on the news.

Trump signs the executive order to protect Americans from “exploitative tickets” in the entertainment industry

The administration said that the music and entertainment party in America supports 913,000 jobs and has a total economic impact in the country of 132.6 billion dollars, “but it has become by non -conscience men who impose terrible fees on fans without benefit to artists.” The matter, which Trump signed on Tuesday alongside Kid Rock, aims to provide “logical reforms to the ticket industry for live entertainment in America.”

“Varney & Co.”.

The essence of the problem is that project owners benefit from robots to acquire large quantities of tickets with a value of face, then resell them with a large saving in the secondary market, and consumers who meet prices.

Currently, Live Nation said it stops more than 200 million robots per day, a number “still grows greatly.” The company said it also created the exchange of nominal value, a feature that allows the fans to resell the tickets to other fans at the original price they paid. However, more efforts are needed to limit the fugitive resale that hurt American fans and consumers, and we support future measures from administration and other government policy makers. ”

The CEO of Resy Pcyping Pcling says.

“We support any significant reselling reforms – including more robotics law, CAP on re -sale prices, and more,” Rapino posted on X.

Singer Jesse Litch of Killswitch Engage in the theater at Virgin Hotels Las Vegas on March 13, 2025. (Ethan Miller / Getty Emus)

According to the matter, the instructions of the Federal Trade Committee (FTC) were instructed to cooperate with the Prosecutor to ensure the proper application of laws in the music and entertainment industry. This includes the application of the BOTS on the Internet, which entered into force eight years ago, and to encourage its application by the state’s consumer protection authorities.

The administration stated that at the time since its age, FTC imposed the robot law only twice. The law is designed to prevent levels of levels from using robots to buy tickets.

Keith Urban on the stage performs the Rishing Benefit Concept party in Bridgestone Arena on November 12, 2017, in Nashville, Tennessee. (John Shearer / Country of Ascension / Getty Pictures)

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FTC has also been directed to ensure price transparency in all stages of the ticket purchase process, including the secondary ticket market. The agency must also ensure that there is no unfair, deceitful and anti -competition behavior in the secondary ticket market.

In 180 days, the Treasury, the Ministry of Justice and FTC will have to summarize the procedures taken to address this issue and the recommendation of additional regulations or legislation required to increase consumer protection.