Calls for ticketing regulation reform grow after cancellations

There are new calls for changes to ticketing rules after the cancellations of two music festivals, Juicy Fest and Timeless Summer. Critics say current regulations are not doing enough to protect fans. An event promoter highlighted the chaos caused by these cancellations. They argue that it shows a need for better laws to ensure ticket sellers manage funds safely. A proposed idea is to make ticket companies hold customers' money in trust until events take place. According to an initial report from a liquidator, the companies involved in the festivals owe over $2.4 million to creditors. Many ticketholders have struggled to get refunds. Ticket Fairy, the ticketing agency, told customers that their money is no longer available because it was given to the promoter instead.