Wednesday, December 18, 2024
Live Nation has thrown its support behind the Federal Trade Commission's new Junk Fees Rule, which will prohibit bait-and-switch pricing and other tactics used to hide prices and junk fees in the event ticketing and short-term lodging industries.
In 2023, Live Nation moved all U.S. venues and festivals to an all-in pricing model and has been a vocal proponent of the move for many years.
"We’ve led the industry by adopting all-in pricing at all Live Nation venues and festivals and applaud the FTC’s industry-wide mandate, so fans will now be able to see the total price of a ticket right upfront no matter where they go to see a show or buy a ticket," the company said.
The FTC estimates that the Junk Fees Rule will save consumers more than 50m hours per year of wasted time spent searching for the actual total price of their ticket purchase.