00:00A friend of mine, Kid Rock, sometimes referred to as Bob. I know him as Bob, but he's been a good friend for a long time, many years.
00:09And he's been after something that is for the good of a lot of people, including in particular the public,
00:17and having to do with ticket sales and scalping and all of the gouging that you have been reading about that's gotten worse and worse with time.
00:25And I didn't know too much about it, but I checked it out, and it is a big problem.
00:30And I thought, I think you've been trying to get this done for 20 years or something.
00:34He said, Trump got it done in two weeks. But we came up with a very serious EO.
00:40So what this executive order does, it charges the FTC and the Department of Justice with rigorously enforcing laws on the books,
00:49in collaboration with state attorneys general that have power over consumer protection,
00:54and other people who have the power to really crack down on this issue,
00:58so that entertainers and fans won't be subject to these abusive and oftentimes illegal practices.
01:04It doesn't matter your politics. First of all, thank you, Mr. President, because this has happened at lightning speed.
01:10I know you put, I want to make sure, Alina Haba. Alina Haba gets her credit, too, because I know she worked very hard on this.
01:16But thank you for making this happen so quick. Anyone who's bought a concert ticket in the last decade, maybe 20 years,
01:21no matter what your politics are, knows that it's a conundrum. You buy a ticket for $100.
01:25By the time you check out, it's $170. You don't know what you're getting charged for.
01:28But more importantly, these bots, you know, they come in to get all the good tickets to your favorite shows you want to go to.
01:34And then they're relisted immediately for sometimes a four or 500 percent markup.
01:40And the artists don't see any of that money. And, you know, ultimately, I think this is a great first step.
01:45I would love down the road if there'd be some legislation that we could actually put a cap on the resale of tickets.
01:50And I'm a capitalist and a deregulation guy, but they've tried this in some places in Europe,
01:55and it seems to be the only thing that's us as artists be able to get the tickets into the hands of the fans at the prices we set.
02:02OK, ready, everybody? You better do well with this. He's going to do it.
02:11Make sure everything is nice and clean. Make America funny. You're not in a clean industry.
02:17Hold that up.
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