{"id":81850,"date":"2023-03-13T18:54:22","date_gmt":"2023-03-13T18:54:22","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2023\/03\/13\/ticketmaster-to-be-more-transparent-about-ticket-fees\/"},"modified":"2023-03-13T18:54:22","modified_gmt":"2023-03-13T18:54:22","slug":"ticketmaster-to-be-extra-clear-about-ticket-charges","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2023\/03\/13\/ticketmaster-to-be-extra-clear-about-ticket-charges\/","title":{"rendered":"Ticketmaster to be extra clear about ticket charges"},"content":{"rendered":"

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Ticketmaster has informed traders that will probably be extra clear about further charges added to tickets after a number of latest controversies.<\/p>\n

Live Nation and Ticketmaster have been\u00a0the topic of a latest listening to within the US Congress<\/a>\u00a0which examined the problems with the ticketing market that contributed to a well-publicised fiasco referring to the pre-sale of\u00a0Taylor Swift\u2019s<\/a>\u00a0upcoming \u2018Eras\u2019 tour<\/a>.<\/p>\n

Tickets for the tour went on sale in November and noticed 1000’s of followers reporting prolonged wait instances, web site outages, and hyper-inflated costs on resale websites (together with Ticketmaster\u2019s personal). The ticketing firm later admitted it buckled beneath the\u00a0\u201chistorically unprecedented demand\u201d<\/a>\u00a0they confronted from Swift\u2019s followers earlier than cancelling\u00a0the final sale<\/a>.<\/p>\n

President Joe Biden\u00a0not too long ago referred to as on ticketing firms to restrict such charges<\/a>, typically referred to as \u201cjunk fees\u201d, which can be added to ticket costs which he stated \u201ccan easily add hundreds of bucks to a family\u2019s nights out\u201d.<\/p>\n

Now, based on\u00a0Billboard<\/em><\/a>, the President and CEO of Live Nation \u2013 Ticketmaster\u2019s father or mother firm \u2013 Michael Rapino stated to traders on a latest name: \u201cWe all want to know what is the true cost to see the show when we start shopping, adding that he wanted transparent pricing to be \u201cmandated tomorrow across the board\u201d which might \u201crelieve a lot of the stress [and] the consumer\u2019s perception that there\u2019s this magical extra fee added on.\u201d<\/p>\n

\u201cWe\u2019ve got to now go out and do a much better job so policymakers and consumers understand how the business operates,\u201d he added.<\/p>\n

\u201c\u201cWe\u2019ve historically not had a big incentive to shout out loud that venues are charging high service fees or artist costs are expensive. But I think now [that] education is paramount.\u201d<\/p>\n

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Ticketmaster (Picture: Getty)<\/figcaption><\/figure>\n<\/p>\n

Last month, Live Nation and Ticketmaster referred to as on Congress to go laws that can goal the secondary ticket market<\/a> and penalise touts extra harshly.<\/p>\n

Amid\u00a0present curiosity of their operations inside US politics<\/a>\u00a0in latest months, the corporate gave an announcement that set out 5 key proposals to enhance the regulation of the ticketing enterprise.<\/p>\n

\u201cIf there\u2019s any chance of improving ticketing for fans and artists, we all need to focus on the facts,\u201d started Live Nation\u2019s assertion.<\/p>\n

\u201cIn the last few weeks alone,\u201d it went on, \u201cwe\u2019ve submitted more than 35 pages of information to provide greater context and transparency to policymakers on the realities of the industry. \u201cThese include the fact that this industry is more competitive than ever, Ticketmaster has actually lost market share since the 2010 merger, not gained it; and that venues set and keep most of the fees associated with tickets and are increasingly taking an ever-larger share.\u201d<\/p>\n<\/div>\n