1 of 1 Photo: Getty Images North America
President Joe Biden announced that entertainment companies like Live Nation and Ticketmaster must show US consumers "the full price of tickets up front," to help minimize "the frequently frustrating experience of watching additional fees add up late in the checkout process when buying online."
According to CNN, "the announcement came amid increased pressure on the industry from debacles over exorbitant ticketing fees and as the president has urged Congress to pass legislation targeting other hidden costs paid by consumers throughout the economy." PLEASE let us get rid of these annoying additional fees because what are they for?!
“The solution is what is called ‘all-in pricing’ and that’s where companies fully disclose their fees up front, when you start shopping, so you’re not surprised at the end when you check out,” Biden said at the White House event.
“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,” said National Economic Council Director Lael Brainard in a written statement. “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.”
The companies that have agreed to provide the upfront cost in the coming months include: Live Nation, SeatGeek, Airbnb, DICE, and more. What do you think about the additional fees these entertainment companies charge? For more information, click here.