The White House has announced that Live Nation and Ticketmaster will soon implement all-in pricing on their ticket platforms, as part of a broader effort to eliminate hidden fees. President Joe Biden is hosting a meeting with private companies, including Ticketmaster, SeatGeek, and Airbnb, who have committed to fully disclosing fees upfront. Live Nation will begin offering upfront all-in pricing in September for all shows at their venues and festivals across the country. Ticketmaster will also add a feature that allows consumers to receive all-in upfront pricing for all tickets sold on their platform.
The merger of Live Nation and Ticketmaster in 2010 aimed to increase competition and reduce ticket prices, according to a Department of Justice settlement. However, critics argue that this has not been the case.
SeatGeek, another ticketing platform, will introduce product features over the summer to make it easier for customers to shop based on all-in prices. President Biden has called on Congress to pass legislation mandating all-in pricing for ticket sellers, banning surprise fees, eliminating early termination fees charged by cable and internet companies, and prohibiting family seating fees on airlines.
National Economic Director Lael Brainard emphasized that President Biden’s goal is to lower costs for families by reducing inflation, capping insulin prices for seniors, and eliminating hidden fees. The administration is pleased to see more companies responding to the President’s call for upfront pricing, allowing consumers to better understand their costs and save money.
In conclusion, Live Nation and Ticketmaster are taking steps to implement all-in pricing, joining other companies in increasing fee transparency for consumers. The White House is committed to cracking down on hidden fees across multiple industries in order to protect American consumers.
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