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President Joe Biden President is hosting a meeting at the White
House of private companies - including Ticketmaster, SeatGeek
and Airbnb - who have committed to fully disclose fees to
consumers upfront. It is part of Biden's broader effort to crack
down on junk fees imposed by ticket companies, banks, airlines
and other industries.
Live Nation will commit to roll out an upfront all-in pricing in
September showing just one total price for more than 30 million
fans who attend shows at the more than 200 Live Nation-owned
venues and festivals across the country, the White House said.
Ticketmaster will also add a feature to give consumers the
option to receive all-in upfront pricing for all other tickets
sold on the platform, White House said.
Live Nation and Ticketmaster merged in 2010 after a Department
of Justice brokered settlement that officials said would
encourage competition and send ticket prices down. Critics,
including lawmakers, have said that has not been the result.
SeatGeek, a ticketing platform that serves both the primary and
secondary market, will roll-out product features over the course
of the summer to make it easier for its millions of customers to
shop on the basis of all-in price, the White House said.
Biden has called on Congress to pass legislation that mandates
up-front all-in pricing for all ticket sellers, bans surprise
“resort fees,” eliminates early termination fees charged by
cable, internet, and cellphone companies, and bans family
seating fees on airlines.
"President Biden has been working to lower costs for hardworking
families by bringing down inflation, capping insulin prices for
seniors, and eliminating hidden junk fees. More companies are
heeding the President’s call so that Americans know what they’re
paying for up front and can save money as a result," said
National Economic Director Lael Brainard.
(Reporting By Jarrett Renshaw; Editing by Mary Milliken and
Stephen Coates)
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