NJ AR102

Urges the United States Congress to take action addressing problems caused by consolidation in the ticket sale industry, particularly the 2010 merger of Live Nation and Ticketmaster

Notes that Live Nation-Ticketmaster controls an estimated 70% of the ticketing market for live event venues and has faced complaints, legal challenges, and Department of Justice investigations over its practices

Cites harmful practices including excessive fees, surge pricing, lack of transparency, and leveraging market dominance to influence competitors and enter the ticket resale market

Highlights economic significance of live entertainment, with the arts, entertainment, and recreation sector contributing over $260 billion to the U.S. economy in the first three quarters of 2022, including $6.8 billion from New Jersey

Directs copies of the resolution to be sent to Congressional leadership and all members of Congress elected from New Jersey