Secondary ticket marketplaces StubHub and SeatGeek have joined Ticketmaster in offering upfront ticket pricing.
Why it matters:
The move comes in the wake of new Federal Trade Commission (FTC) regulations stipulating that upfront true costs of concert tickets must be displayed.
It's also in response to the Ticket ACT working its way through Congress.
All fees except local taxes are included in the advertised price.
Critics say:
Though obliged to show all the fees, ticket sellers are not bound to include a breakdown of those costs (eg. service fee, processing fee).
Critics have pointed out that by grouping the fees together under one single amount, the ticket-buying process is still not wholly transparent.
👋 Disclosures & Transparency Block
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