How Biden and Taylor Swift beat Ticketmaster
Ticketmaster, the country’s largest ticket seller, will begin disclosing fees up front after angry Taylor Swift fans demanded change and the Federal Trade Commission proposed new regulations.
Ticketing companies including SeatGeek and Live Nation, which owns Ticketmaster, committed at a White House roundtable Thursday to disclose all fees at the start of the sale process, eliminating what President Biden and the FTC have described as “junk fees.”
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Congress has taken steps to regulate Ticketmaster and junk fees. Rep. Ruben Gallego, an Arizona Democrat ... , is sponsoring the Junk Fee Prevention Act, which would make the upfront pricing model law.
“Today’s announcement that major companies are stepping up to increase price transparency is a big win for consumers,” Gallego wrote in a statement. “Lowering costs for working families is one of my top priorities. That’s why we’re pushing Congress to pass my Junk Fee Prevention Act so all companies provide consumers upfront pricing.”
Source:
Owen Tucker-Smith, LA Times