"...It is unacceptable that not a penny of the estimated £200m in transactions generated by the resale of concert tickets in the UK is returned to the investors in the live music industry," said Marc Marot...."
What on earth is he talking about? If these fools spent more time and effort making sure that big-business touts didn't get their hands on the tickets first then consumers would be in a much better position.
These days the news is full of stories about how tickets for concerts sold out in record time - sometimes minutes, almost always within a few hours. It would appear that the majority of this is actually touts buying up ready to sell at a markup to people who can't get a ticket through normal channels.
Mind you, perhaps the Manager of Radiohead needs to start earning some more coin now that the band give away their album for free...
All they are doing is validating touts as an avenue for ticket sales, and the only people who are out of pocket are the fans.