BEGIN:VCALENDAR PRODID:-//Microsoft Corporation//Outlook 11.0 MIMEDIR//EN VERSION:2.0 CALSCALE:GREGORIAN METHOD:PUBLISH BEGIN:VEVENT DTSTART:20220302T150000 DTEND:20220302T163000 DTSTAMP:20240528T035329 SUMMARY:Online ticket resale and the DSA: how to ensure fairness for consumers and live event organisers DESCRIPTION:This event will look at how the Digital Services Act can set out clear, consistent rules for online marketplaces in order to protect Europe’s live events sector and consumers. Exploitative ticket resale practices have long plagued the live sector, presenting an increasingly sophisticated threat that has long evaded regulation. Non-authorised platforms and online traders have created a parallel market on which they resell tickets for prices much higher than face-value, often via fraudulent means, to the detriment of independent promoters, venues and millions of fans. While, according to EY’s Rebuilding Europe study, the performing arts sector lost 90% and the music sector 76% of their annual turnover, the secondary ticketing market was still estimated to be worth €1.66bn. By setting out stricter requirements for online marketplaces, the Digital Services Act has the potential to reduce these vast sums of money leached from Europe’s consumers and cultural businesses each year, and aid the recovery of the industry post-Covid. LOCATION:EIF online event TRANSP:OPAQUE END:VEVENT END:VCALENDAR