The White House is hosting an event to celebrate the government's effort to crack down on "junk" fees, with Ticketmaster and Live Nation pledging to provide consumers with full pricing upfront. Live Nation is set to pledge that all tickets for its shows sold through Ticketmaster will show one “clear, total price” starting in September. This move towards transparency is part of the Biden administration's push to make ticket buying easier and more affordable for consumers, creating a fairer and more competitive ticket market.
Posts tagged as “SeatGeek”
At a congressional hearing on Tuesday, senators and antitrust advocates criticized Live Nation Entertainment, Inc. for its alleged monopolization of the live entertainment industry. Joe Berchtold, Live Nation President and Chief Financial Officer, defended the company's practices, while Jack Groetzinger, CEO of ticketing platform SeatGeek, called for the dissolution of the common ownership of Ticketmaster and Live Nation. The Senate Judiciary Committee will continue to investigate Live Nation's practices to determine if they are in violation of antitrust laws.