Current:Home > NewsLive Nation and Ticketmaster tell Biden they're going to show fees up front -WealthGrow Network
Live Nation and Ticketmaster tell Biden they're going to show fees up front
View
Date:2025-04-17 19:09:56
President Biden was joined at the White House on Thursday by some of the country's biggest ticket sellers — companies that are promising to end the practice of tacking on surprise fees at the end of an online order.
Consumers won't see a sudden drop in ticket prices or see that annoying $24.99 service fee disappear. But they will know about it before they start adding tickets to their cart.
"Starting in September, Live Nation will automatically list all of the prices up front for all tickets to events at more than 200 venues of its own, benefiting more than 30 million customers," Biden said. "It will give customers the option for an all-in price for all other tickets sold on its platform."
Biden said more transparency in pricing can lead to more competition, which can bring down costs for consumers.
The move is part of an ongoing White House push to rein in unexpected fees in a variety of sectors. It follows the debacle Ticketmaster created last year during the initial sale of tickets for Taylor Swift's Eras Tour. Consumers saw exorbitant prices, long waits and system crashes that spurred antitrust lawsuits against the ticketing giant.
Politicians and policymakers came under serious pressure after the Taylor Swift fiasco to eliminate the surprise costs consumers see when they're buying tickets and services online.
Biden pledged in his State of the Union speech in February to try to do more to eliminate those hiding fees and surcharges. After that address, Live Nation Entertainment, formed from a merger between Live Nation and Ticketmaster, expressed interest in offering all-in, upfront pricing on its site.
Other companies, such as ticket vendor SeatGeek, and xBk, a Iowa-based venue and board member for the National Independent Venue Association, are also moving to introduce all-in pricing.
Ticketmaster has spent the past several months working to quell criticism of their pricing and fee structure that bubbled up around major concert tours, including Taylor Swift and Beyoncé.
The company is battling several state anti-trust investigations and lawsuits over their pricing practices. The Senate also held a hearing on Live Nation's lack of competition in January and called on the Justice Department to intervene shortly after.
Live Nation said it has submitted more than 35 pages of information to policymakers and denies engaging "in behaviors that could justify antitrust litigation, let alone orders that would require it to alter fundamental business practices."
veryGood! (44738)
Related
- Meta releases AI model to enhance Metaverse experience
- Tashaun Gipson suspended six games by NFL for PED policy violation
- Tigers broadcaster Craig Monroe being investigated for alleged criminal sexual conduct
- World UFO Day 2024: What it is and how UFOs became mainstream in America
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- One way to get real-life legal experience? A free trip to the Paris Olympics
- Alexi Lalas spot on after USMNT’s Copa América exit: 'We cannot afford to be embarrassed'
- Horoscopes Today, July 2, 2024
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Patients on these antidepressants were more likely to gain weight, study says
Ranking
- South Korean president's party divided over defiant martial law speech
- From 'Beverly Hills Cop 4' to 'The Beekeeper,' 10 movies you need to stream right now
- Kemba Walker announces retirement; NCAA champion with UConn, four-time NBA All-Star
- Car dealerships still struggling from impact of CDK cyberattack 2 weeks after hack
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Plans to demolish Texas church where gunman opened fire in 2017 draw visitors back to sanctuary
- Yes, petroleum jelly has many proven benefits. Here's what it's for.
- Rhode Island tackles housing shortage by making it easier to add rental units on to homes
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Seine water still isn't safe for swimmers, frustrating U.S. Olympians
To save spotted owls, US officials plan to kill hundreds of thousands of another owl species
FDA approves new Alzheimer's treatment, donanemab from Eli Lilly
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Illinois man sentenced to life in prison for his role in 2020 killings of his uncle, 2 others
Miki Sudo, a nine-time champ, will defend Mustard Belt at Nathan's Hot Dog Eating Contest
US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week