BUSINESS

Schumer Plans Bill On Resale Of Concert, Sports Tickets

05/06/2009 05:12 am ET | Updated May 25, 2011

New York Sen. Charles Schumer on Sunday unveiled a plan to introduce legislation banning the resale of concert and sports tickets until two days after they first go on sale to the public, the latest example of ongoing wrangling between the politician and Ticketmaster Entertainment Inc.

The waiting-period legislation is partly a response to complaints from Bruce Springsteen fans who in February tried to buy concert tickets on Ticketmaster's main Web site but were instead redirected to TicketsNow.com, a site owned by Ticketmaster where brokers resell tickets, often for many times face value. Fans were particularly outraged that Ticketmaster's computers steered them to the higher-priced aftermarket, even before the concerts were fully sold out.

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