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Wild World Of Ticket Resellers Could Move To Wild World Of Open Market
ResumeYou may be surprised to learn that Massachusetts has a law protecting sports fans from being ripped off by limiting how much ticket resellers can charge above face value. That's because the business is as wild as Fenway's centerfield bleachers during a Yankee's game.
So, you might also be surprised to learn this: instead of enforcing the law, there's now a move to wipe it off the books. A new bill proposed by state Rep. Michael Moran (D-Brighton) would replace the current with a law that would allow resellers to charge whatever they wanted to. Proponents of the bill, including the ticket-reselling site StubHub, say the power of the open market would drive prices down.
Guests:
- Bruce Mohl, editor, CommonWealth magazine
- Rep. Michael Moran, (D-Brighton), legislative sponsor
- Glenn Lehrman, head of communications, StubHub
This segment aired on June 29, 2011.