New Minnesota Bill Aims To Regulate Ticket Resales

Everyone likes to go and see live music, right? I mean, if there is live music somewhere and another place that there isn't, generally people will gravitate to the spot where the live music is. It doesn's matter if it's a full band or an acoustic duo - live music is awesome.

CONCERTS LATELY HAVE BEEN PRICED OUT OF PEOPLE'S CAPABILITY

There have been so many tours announced, and a ton of bands are scheduling tours. There is everything from pop music to classic rock and everything inbetween. Something for everyone. And with the new Mystic Lake Amphitheatre opening this summer, the excitement of seeing some great bands in growing. You know what else has been growing? The cost of tickets to go and see your favorite group or artist. The prices are crazy expensive. And if you wind up getting tickets from a third party ticket service, you wind up paying even more for those already expensive tickets.

THERE IS SOME WORK BEING PUT IN TO REGULATE THOSE RESELL PRICES

Now, there is hope on the horizon. There is a Minnesota bill that is set to put a cap on how much ticket resellers can charge.

A proposal that advanced out of the House Commerce Committee Wednesday would cap the cost of resold tickets at no more than 115% of their original value and require resellers to disclose what they initially paid for it. It would also empower Minnesotans impacted by any violations to sue.

It's still more expensive than it would be from the original source, but it's not 3-4 times the price of the original, which is what we as consumers, have been dealing with for several years.

AT LEAST THERE IS A POSSIBILITY OF TICKET PRICES BEING LOWER THAN NOW

I find that this is at least a start for possibly lower ticket prices in general for the future. People want to go and see some great live music, but they don't want to have to take out a second mortgage on their houses to do so. So fingers crossed that this bill passes.