Overview
- Ticketmaster activated its Face Value Exchange for Olivia Dean’s North American dates, and AXS is enforcing a face-value cap on future resales.
- Fans who purchased marked-up resale tickets on Ticketmaster and AXS will receive partial refunds reflecting the difference from the original price, with processing expected by about Dec. 10.
- Ticketmaster says it will absorb the refund costs and notes it does not receive reseller markups.
- Resale listings had climbed to more than 14 times face value, with prices reported over $700 and some exceeding $1,000.
- Live Nation CEO Michael Rapino said the company cannot force other marketplaces to follow the caps, as broader regulatory pressure grows, including a proposed U.K. ban on resales above face value and an FTC lawsuit in the U.S.