FTC Proposes New Rule to Shed Light on Concert Ticket Junk Fees

From Taylor Swift ’s Eras Tour to Airbnbs in an expensive metropolis , junk fee are everywhere and smash our endeavour to have fun . The Federal Trade Commission is propose a new rule that would hale concern like slate marketplace and hotel to distinctly list all the fee they ’ll twist up charging customers .

“ All too often , Americans are plague with unexpected and unnecessary fees they ca n’t get away . These junk fees now cost Americans tens of billions of dollar per year — money that corp are distill from work home just because they can , ” say FTC Chair Lina M. Khan in the release . “ By shroud the full price , these dust fees make it hard for consumer to shop for the best mathematical product or service and punish businesses who are dependable upfront . The FTC ’s proposed rule to ban rubble fee will lay aside multitude money and sentence , and make our markets more fair and competitive . ”

While junk fees have been annoying concertgoers , travelers , and sport fans likewise for years , the issue truly came to a head in the public consciousness last fall . After vocaliser - ballad maker Taylor Swift announced her extremely expect first enlistment in five years , dubbed The Eras Tour , Ticketmaster crashed as Swifties flocked to the tour ’s presale . While Ticketmaster outages were clearly enrage for fans , many Swifties were also dismayed by the excessive slate price — a jarring portion of those damage were comprise of redundant fees .

Swifties purchasing tickets for The Eras Tour were dismayed at the egregious prices fueled by junk fees.

Swifties purchasing tickets for The Eras Tour were dismayed at the egregious prices fueled by junk fees.Image: John Shearer (Getty Images)

During a Senate audience following The Eras Tour presale madness , Live Nation Entertainment President and CFO Joe Berchtold testified that the company has done nothing but amend the artist - rooter kinship since springy Nation and Ticketmastermerged in 2010 . Berchtold further claimed that Ticketmaster does not set prices , does not decide how many just the ticket go on sale , and does not set divine service fees . He alsoshifted the blame from Ticketmaster and claimedthat outages during The Eras Tour were cause by those blame bot .

In June , President Joe Biden host executives from Live Nation Ticketmaster , Airbnb , xBk , DICE , TickPick , Wisconsin ’s Pablo Center at the Confluence , and Rhode Island ’s Newport Festivals Foundation at the White House to recrudesce simoleons over ticket fees . At the group meeting , Live Nation Ticketmaster announced all - in pricing , which would allow the customer to see the entire price of a live event just the ticket before even supply it to their cart . SeatGeek plans to rollout out a similar all - in pricing tool whileAirbnb unveil a total price view last November , with a release last December . While companies like Live Nation Ticketmaster and Airbnb decided to play ball after being confront by Biden , the FTC ’s Modern rule would force the hand of businesses across the board to opt - in to the effort at transparency .

AirbnbcompetitionJoe BidenMonopoliesTaylor Swiftticketmaster

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