Incoming senate amy streetjournal9/22/2023 Reps for Ticketmaster owner Live Nation responded quickly, saying, “We appreciate the good work of Senators Cantwell and Cruz. This separate bill would address the longstanding issue of opaque service charges, which often appear very late in the purchase process. The measure would require ticketing merchants to disclose upfront full ticket prices, including fees, for concerts, sporting events and other large gatherings. Senators on Wednesday are set to introduce a bipartisan bill targeting hidden ticket fees for live events, called the Transparency in Charges for Key Events Ticketing (TICKET) Act, according to CNBC. We do not expect any of the proposed changes to have a material impact on our business as we historically add clients in competitive marketplaces.” Reps for Ticketmaster owner Live Nation said in a statement: “The ticketing industry is more competitive than ever. Ticketmaster wins business because it offers the best product available for venues, and the length of contracts is generally decided by venues and the guaranteed payments they want to help support their expenses. The Unlock Ticketing Markets Act would help consumers, artists, and independent venue operators alike by making sure primary ticketing companies face pressure to innovate and improve.” “Right now, one company is leveraging its power to lock venues into exclusive contracts that last up to ten years, ensuring there is no room for potential competitors to get their foot in the door,” said Klobuchar, clearly referencing Ticketmaster. “Without competition to incentivize better services and fair prices, we all suffer the consequences.
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