As a Biden administration ban on so-called 鈥渏unk fees鈥� took effect Monday, Ticketmaster said it will start displaying the full price of a ticket as soon as consumers begin shopping.
Ticketmaster, long a subject of complaints about its hidden fees, was among those targeted by the , which was announced in December by the Federal Trade Commission. The rule requires ticket sellers, hotels, vacation rental platforms and others to disclose processing fees, cleaning fees and other charges up front.
Ticketmaster said Monday it commended the FTC鈥檚 action.
鈥淭icketmaster has long advocated for all-in pricing to become the nationwide standard so fans can easily compare prices across all ticketing sites,鈥� Ticketmaster Chief Operating Officer Michael Wichser said in a statement.
Ticketmaster said it will also tell shoppers where they are in line when they log in to buy tickets to an event. It will also give real-time updates to customers whose wait times exceed 30 minutes, letting them know ticket price ranges, availability and whether new event dates have been added.
Ticketmaster, which is owned by Beverly Hills, California-based concert promoter Live Nation, is the world鈥檚 largest ticket seller, processing 500 million tickets each year in more than 30 countries. Around 70% of tickets for major concert venues in the U.S. are sold through Ticketmaster.
Ticketmaster said Monday's changes will bring North America in line with the rest of the world, where the full ticket price was already displayed as soon as customers started shopping.
It has been since 2022, when its site crashed during a presale event for Taylor Swift鈥檚 upcoming stadium tour. The company said its site was overwhelmed by both fans and attacks from bots, which were posing as consumers in order to scoop up tickets and sell them on secondary sites. after waiting for hours in an online queue.
Last year, the U.S. Department of Justice , accusing them of running an illegal monopoly that drives up U.S. ticket prices and asking a court to break them up. That case is ongoing.
President is also eyeing the industry. In March, he signed an executive order that he said will help curb ticket scalping and bring 鈥渃ommonsense鈥� changes to the way live events are priced.
Under the order, the FTC must ensure 鈥減rice transparency at all stages of the ticket-purchase process鈥� and take enforcement to prevent unfair, deceptive, and anti-competitive conduct.
鈥淎nyone who鈥檚 bought a concert ticket in the last decade, maybe 20 years 鈥� no matter what your politics are 鈥� knows that it鈥檚 a conundrum,鈥� said Kid Rock, who joined Trump in the Oval Office as Trump signed the order.
Dee-ann Durbin, The Associated Press
