00:00Far too long people have been fleeced when they've tried to buy tickets to see their favourite bands.
00:05We've had examples in recent years, not just Oasis, but Coldplay tickets, Bruce Springsteen tickets,
00:11going for over a grand, which nobody can afford.
00:15Our message to ticket touts is that time is up.
00:18We're consulting today on a cap on ticket resales and enforcement action to make sure that that is upheld.
00:26Gone are the days when ticket touts are going to be able to buy up huge swathes of tickets and sell them on at vastly inflated prices.
00:34Once this consultation closes in a few weeks' time, we're going to take the action that fans have deserved for so long
00:41and put fans back at the heart of the music industry where they belong.
00:44It's perfectly reasonable for fans to say people should only be able to resell tickets at the price that they paid for them.
00:51There are some views that people should be able to recoup a little bit of additional money for costs that they might incur,
00:57say a charge that you have to put that ticket on a website, for example.
01:02So we're consulting on whether there ought to be some kind of uplift in the amount that you can charge when you sell the ticket on.
01:08But make no mistake, a price cap is coming and the time for ticket touts to continue fleecing people is over.
01:15This is a scandal that's been happening in plain sight for far too long.
01:19And what has never been gripped is the fact that touts can buy up large numbers of tickets and then sell them on
01:27with no limit on what they charge for those secondary ticket resales.
01:31That's what we're determined to tackle and that's what this consultation will do.
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