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Earlier this year, the president proposed legislation — the Junk Fee Protection Act — to target four types of excessive fees: excessive online concert, sporting event and entertainment ticket...
An additional “processing fee” of $5 per order brings the total cost for a single ticket to $53.25 — a price jump of nearly 37%.
Live Nation and Ticketmaster announced on Thursday (June 15) that it will implement “all-in pricing” for its concert tickets, which will show the true cost of tickets upfront.
Following pressure from Joe Biden, the U.S. president, Ticketmaster and other ticket platforms agreed to abolish junk fees and show consumers all the fees upfront. The Federal Trade Commission decided to impose a federal ban on all deceptive, surprise fees.
The company sells tickets to live events through Ticketmaster. Legal issues. The company has faced various lawsuits alleging ticket price fixing, hidden fees and anti-competitive practices.
A Thursday news release from the department says that the lawsuit aims to restore competition in the space and lower ticket prices for fans by breaking up the company.