Music followers pissed off over live performance ticket hidden charges have gotten a strong ally. President Joe Biden not too long ago introduced he could be coming after the such “shock costs” as a part of a sweeping new initiative.
In a speech on Oct. 26, Biden introduced he’d requested his Competitors Council to tackle “the unfair hidden charges often called ‘junk charges’ which can be taking actual cash — actual cash out of your pockets — actual cash out of the pockets of American households.”
Examples the President gave of such “junk charges” included banking overdraft charges, bank card late charges, lodge resort charges and processing charges for live performance tickets. The commander-in-chief known as such practices “unfair,” describing them as “shock costs that corporations sneak into payments as a result of they will.”
In a follow-up tweet on Nov. 3, Biden doubled down on his promise to crack down on such charges.
“I do know hidden junk charges – like processing charges on live performance tickets – are a ache,” the President wrote. “They’re unfair, misleading, and add up. That’s why, final week, I known as on my Administration to crack down on these charges and put that cash again in your pocket.”
Biden’s efforts come on the heels of a tumultuous time for the stay music {industry}. The COVID pandemic compelled the cancellation of live shows throughout America, an industry-altering occasion which had no precedent. Ticketing corporations struggled to deal with a large variety of refunds. At one level, Reside Nation, the nation’s largest live performance promoter, noticed its income down 98% from the earlier 12 months.
Because the stay music {industry} has recovered, followers have swarmed again to live shows and festivals. However that pleasure has been clouded by excessive ticket costs, particularly to see main artists. Ticketmaster’s “dynamic pricing” technique has resulted in outrage, with Bruce Springsteen and the reunited Blink-182 rating among the many costliest excursions. Total, live performance ticket costs have elevated practically 20% from their pre-COVID common.
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