Ever since Donald Trump entered the White House, his administration has introduced a series of Legal changes that have caused mostly controversy. Trump’s policies have already significantly remodeled various sectors of the economy and society, despite their short time. The political world is often achieved trapped in discussions On important issues such as health or immigration, rightly. But a less discussed area is the entertainment law and consumer experience, which has also seen some changes.
One of the last developments is an executive order whose purpose is the “price” price ” – A practice that has been widely criticized, especially in times of crisis or sudden demand for products. But what does this do? New Executive Order Average for consumers, especially those who treat swollen prices for concert tickets or walks in Uber? We break down the details and explore their potential effects on the world of entertainment, as the North -Americans will be able to wait for these changes.
What to know about the Executive Price Order
This week, President Donald Trump signed an executive order aimed at preventing the price of sectors where demand unexpectedly increases. This new order is based on the previous attempts of the previous Biden administration to reduce the prices ascents that consumers finally take advantage of. It is especially focused on the entertainment industry, which has become more and more scrutiny for the amount of tickets. As reported by the White House websiteThe new order hopes to address this challenging problem the status quo. “Ticket heaters use boats and other unfair means to buy large amounts of facial value tickets, then re-sell them in a huge brand in the secondary market, giving pricing consumers and deprived fans of the opportunity to see their favorite artists without incorporating extraordinary expenses,” they say.
The executive order directs the government agencies, in particular the Federal Commerce of Commerce (FTC), to improve its capacity to monitor and address the rise in unfair prices. The FTC will have to go down to the best online ticket sales law (boats), which is supposed to guarantee a fair access to the consumer at the entrances. This guarantees that any price increase is justified, especially in times of intense demand for tickets. For example, under the new executive order, the platforms and sellers will be under more pressure. They need to show that their prices are fair and not opportunistic. Thus, basically, places, ticket agents or other entities will have to act well or penalize in some way. This executive order comes at a time when consumers have often raised concerns about the prices that increase without proper explanation.
Will they go Ticketmaster and Uber?
Anyone trying to take tickets to a popular concert or event knows that prices can sometimes shoot. Concert entrances often end up in the hands of sellers who then mark them significantly. This makes it difficult for the means to enter the action without paying much beyond the original price of the ticket. Resale platforms like Ticketmaster could face additional scrutiny if it is dedicated to what the Government considers as an excess of price.
Similarly, Uber and other walks sharing services have long been criticized for “overtension prices”, especially during the rush times. Consumers usually experience higher prices during special events, such as popular concerts, conferences or even during weather emergencies. Despite this similarity, Uber will not necessarily be affected as no entertainment entries are sold. Although you may be marked by increasing prices during the busy moments – That is, if it is perceived as unfair. Therefore, for now, concert lovers may have to conform with affordable entries, but expensive Rideshare.
Fine printing of the Executive Price Order
Although the executive order is likely to positively affect the lives of music lovers, there is technically a capture; It does not completely prohibit rise prices or increase prices during maximum demand. Instead, it only requires that companies justify these increase thoroughly. So, although you cannot change your Uber rate for a regular rush hour, it could put more supervision in situations where prices increase due to extraordinary circumstances.
The new Executive Price Order of Trump is part of a greater effort to protect consumers from use during excessive demand. Order effects cannot be seen immediately. But it is likely to influence industries such as entertainment and transport, where prices are usually a significant containment point. Ultimately, whether or not this executive order involves significant changes in the way in which entertainment prices are fixed, they will depend on how it is applied. But what is clear is that the Trump administration has opened the door to more thought in the price. It is something that could remodel the way of thinking about equity in consumer prices in various industries.
What does Kid Rock have to do with all this?
Children’s rock – Yes, Kid Rock – It may not seem like the obvious figure to talk about prices that occur, but its participation is part of a curious turn in this story. He is known for his non -apologetic position on many political and social issues, and has long been a Donald Trump supporter. But its connection to the price debate is not rooted in its necessarily political opinions. His participation is due to his personal experiences with high ticket prices. The musician has publicly advanced his frustration by the cost of entries for his own concerts, specifically criticizing ticket distributors. His comments said that fans were affected by swollen costs that were out of control of the artists themselves.
Kid Rock’s position attracted his attention because he is an artist with a large fan base. As a Trump friend, he was in a unique position to influence the ticket prices conversation. The artist even supported the reforms aimed at controlling the secondary ticket market, which he considered harmful to his fans. Thus, while Kid Rock did not directly influence Trump’s executive order, his public criticism of ticket distributors did so. You could say he inspired the executive pricing order. His defense of fairer prices reflected increasing frustration with entertainment industry practices.
