As the prohibition of the Biden administration of the so -called “junk rates” entered into force on Monday, Ticketmaster said it will begin to show the full price of a ticket as soon as consumers begin to buy.
Ticketmaster, for a long time, a issue of complaints about its hidden rates, was among those attacked by the New rulewhich was announced in December by the Federal Commerce Commission. The rule requires that entrances, hotels, vacation rentals and others reveal processing rates, cleaning rates and other charges in advance.
Ticketmaster said Monday that he praised the action of the FTC.
“Ticketmaster has advised for a long time for all prices to become the national standard so that fans can easily compare prices on all tickets,” said Ticketmaster’s operations director Michael Wichser, in a statement.
Ticketmaster said it will also tell buyers where they are online when they log in to buy tickets for an event. It will also give real -time updates to customers whose waiting times exceed 30 minutes, making them know the tickets of ticket prices, availability and if new dates of the event have been added.
Ticketmaster, owned by Beverly Hills, the promoter of Concerts Live Nation, based in California, is the world’s largest ticket seller, which processes 500 million tickets every year in more than 30 countries. About 70% of tickets for the main concert places in the US. UU. They are sold through Ticketmaster.
Ticketmaster said that Monday’s changes will put North America online with the rest of the world, where the full price of the ticket was already shown as soon as customers began to buy.
It has been in the hot seat Since 2022, when his site crashed during a presale event for the next tour of the Taylor Swift stadium. The company said its site was overwhelmed by fans and bots attacks, which were passed through consumers to collect tickets and sell them in secondary sites. Thousands of people lost tickets After waiting hours in an online tail.
Last year, the United States Department of Justice Demanded Ticketmaster and Live Nationaccusing them of managing an illegal monopoly that increases the prices of the entrances of the United States and asking a court to break them. That case is ongoing.
President Donald Trump He is also looking at the industry. In March, he signed an executive order that, according to him, will help stop the scale and bring “common sense” changes to the way live events have a price.
According to the order, the FTC must guarantee “price transparency at all stages of the ticket purchase process” and take execution to avoid unfair, misleading and anti -competitive behavior.
“Anyone who has bought a concert ticket in the last decade, maybe 20 years, regardless of their policy, knows that it is an enigma,” said Kid Rock, who joined Trump in the Oval office while Trump signed the order.
