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Live Nation and Ticketmaster announced on Thursday (June 15) that it will implement “all-in pricing” for its concert tickets, which will show the true cost of tickets upfront.
Only by adding the ticket to their cart, signing in to Ticketmaster, and then proceeding with the purchase would they see the total climb to $48.25, due to “service fees.”
As you know, the cornerstone of Live Nation’s monopoly is Ticketmaster’s exclusive ticketing contracts with the vast majority of major concert venues in the United States.
The face value of Ticketmaster tickets is determined by the artist or client. In addition to the face value price, venues and Ticketmaster add fees to pay for their services. Typically, fees added to a ticket's face value have included: Facility charge – Charge added by the venue.
In 2022, Bruce Springsteen, famous American singer-songwriter, raised questions on his 2023 U.S. concert ticket prices. Springsteen teamed up with Ticketmaster in distributing the concert tickets who adopted dynamic pricing strategy to capture strong demand. As a result, some seats' prices soared above $5000.
Taylor Swift performing on the Eras Tour in 2023. Ticketmaster received criticism for mishandling the U.S. ticket sale of the tour.. The American ticket sales platform Ticketmaster and the parent company Live Nation Entertainment were met with widespread public criticism and political scrutiny over blunders in selling tickets to the 2023 United States leg of the Eras Tour, the sixth concert ...
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