Resale marketplace FanXchange, which also offers a B2B white-label service, has secured $5m in new funding from two venture-capital firms
Sign up for IQ Index
The latest industry news to your inbox.
The National Ticketing Association (Anatic), established last month, says legislation is needed to protect consumers from fraudulent sellers
By Jon Chapple on 29 Mar 2018
The National Ticketing Association, a newly established body representing the secondary ticketing sector in Spain, has said the resale of tickets is a “positive” thing for those who can no longer attend – but that it must be regulated to protect consumers.
The association, known in Spanish as the Asociación Nacional de Ticketing (Anatic), was set up in February by representatives of three Spanish secondary platforms: María Requena of Monoticket, Miguel Jiménez of Eventradas (Oferta y Gestión de Ocio) and Marcos Fernández of Event Factory. Similar to the UK’s Association of Secondary Ticket Agents (ASTA) and the US’s National Association of Ticket Brokers (NATB), Anatic seeks the professionalisation of the industry and to weed out fradulent resellers, who they blame for creating negative “public opinion” of the resale market.
According to Requena, the current lack of regulation in Spain has created an environment where ticket fraud is “difficult to identify” and where resold tickets often have no guarantee. She tells Europa Press that there are, however, companies (including, presumably, her own) that guarantee the legitimacy of the ticket.
“Future legislation” around ticket resale is an “opportunity” to create a level playing field for all ticket sellers
“Future legislation” around ticket resale, Requena suggests, is therefore an “opportunity” to create a level playing field for all ticket agents and ensure fair competition. “We want to ensure this important sector becomes part of the public consciousness and […] is able to demonstrate its worth.”
Spanish culture minister Íñigo Méndez de Vigo pledged in March 2017 to “regulate” the online ticket resale market, although he ruled out an outright ban, saying it would be like “putting doors on a field” (“ponerle puertas al campo”) – ie impossible.
A recent survey by Ticketea revealed nearly three quarters of resold tickets in Spain are touted for profit.
Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.