Eradicating Ticket Broker Practices, UK Government Saves Audience Expenditures Of Up To IDR 2.2 Trillion

JAKARTA - The British government has taken firm steps against detrimental practices in the sale of live event tickets above the original price.

The decision aimed at eradicating ticketing brokers (touts) and resale sites that have been making big profits by offering tickets far beyond the set price (face value), is said to save trillions of rupiah for those who often come to watch live events, be it music concerts to football matches.

The Department of Culture, Media and Sports (Department for Culture, Media and Sport/DCMS) will officially announce its intention to end ticket brokering practices on this industrial scale.

Launching the BBC, the move is expected to make the average resale ticket price 37 lower (approximately IDR 750,000) and collectively save 112 million (approximately IDR 2.2 trillion) per year for fans.

In addition, ticket resale platforms will also have a legal obligation to monitor and enforce these new regulations.

Tom Kiehl, Chief Executive of UK Music, confirmed that secondary ticket price restrictions are needed to protect both industry and enthusiasts from soaring prices (exorbitant).

"The music industry itself is worth 8 billion pounds for the economy, and relies on a strong relationship between music fans and artists," Ki3hl told BBC Radio's Today program 4. "And what we have right now is a malfunctioning resale market."

With the ban on sales above face prices, the UK government hopes to restore price justice and ensure that the experience of watching live events remains affordable for all true fans, instead of becoming a field of profit for brokers.

For information, the UK government's revolutionary move was triggered by an open letter from big names in the music industry asking the Prime Minister to stop sites they call "extortion and destructive" exploiting fans.

Apart from music stars, the letter was also signed by various interested parties, including consumer supervisory agency Whisper?, Football Supporters Association (Football Supporters' Association), as well as groups representing the music and theater industry, venue managers, to ticket retailers.