Thank you, Madam Chair.
I'd like to thank Ticketmaster and Vivid Seats for joining us. This study has been a long time coming. There are a lot of concerns out there.
I have never heard about the secondary market from any of my constituents. I hear quite a bit about things like fraudulent sites selling tickets that don't exist. I think it's an education process and the consumer will eventually learn that there are trusted sites and we should all be very vigilant as to where we buy our tickets.
Ticketmaster and Vivid Seats, from your perspective what needs to be done? You mentioned the primary holdbacks. Do you think that's hindering the market? Do you think that practice has to stop? Is it okay the way it is?