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The Cure’s Ticket Prices Spike With Ticketmaster Fees

March 16, 2023
in Personal Finance
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The Cure’s Ticket Prices Spike With Ticketmaster Fees
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First Ticketmaster provoked the ire of Swifties — followers of pop star Taylor Swift — and now it is coming for an additional group of devotees in decidedly darker clothes: followers of The Treatment. 

Anybody who tried to buy Verified Fan presale tickets on Wednesday was met with an array of added charges that, in some circumstances, greater than doubled the entire value of a ticket to see the legendary English new wave band.

One Twitter consumer shopping for tickets to a present in Detroit shared a screenshot of a checkout web page displaying that for every $20 face-value ticket bought, she was charged a service price of $11.65 and a facility cost of $10, topped off with a processing price of $5.50 for the total order. That is $27.15 in charges on a $20 ticket.

The Treatment frontman Robert Smith took to Twitter later that day to precise his dismay with the charges writing, “To be very clear: The artist has no technique to restrict them. I’ve been asking how they’re justified.”

Vary of tickets costs supplied

On March 10, The Treatment introduced by way of social media it could offer reasonably priced tickets for its North American tour, writing, “Now we have a really huge (and we predict particularly reasonable) vary of pricing at each present.” The band mentioned it had provide you with an settlement with Ticketmaster to assist cease ticket scalping and reduce resale value gouging by not permitting for transferable tickets. Followers would as a substitute be capable of resell them on a face-value ticket change.  

The Treatment additionally introduced there can be no “platinum” or “dynamically priced” tickets for the 30-date tour, which kicks off on Might 10 in New Orleans. On Twitter, Smith referred to those increased price tag ranges as “a grasping rip-off.”  

For comparability, face-value ticket costs for Unhealthy Bunny, 2022’s prime touring act (in line with Billboard), averaged greater than $200, with the bottom tier coming in at about $150.  

The upset amongst Treatment followers comes 4 months after Ticketmaster abruptly canceled its public sale of tickets for Swift’s long-awaited Eras tour after technical difficulties, lengthy wait occasions, and, in the end, prematurely outselling its stock of tickets by way of a multitiered presale for Verified Followers. All of the whereas, resellers posted tickets for tens of 1000’s of {dollars}. The transfer prompted disillusioned Swifties to file a class-action lawsuit accusing Ticketmaster of fraud, misrepresentation and antitrust violations.

Biden and Congress eye junk charges

In November, President Joe Biden introduced that he deliberate to take motion towards hidden junk charges, particularly referencing processing charges on live performance tickets, tweeting “they’re unfair, misleading, and add up.” Then, in February, Biden launched the Junk Charge Prevention Act, which might crack down on extreme leisure ticketing charges.

In a White Home press launch, Biden known as on Congress to take motion by prohibiting extra charges, requiring charges to be disclosed within the face worth of the ticket, and mandating disclosure of any ticket holdbacks that might decrease obtainable provide for customers. 

Congress is taking discover. On Feb. 23, members of a Senate Judiciary subcommittee overseeing competitors coverage urged the Division of Justice’s Antitrust Division to research Dwell Nation and Ticketmaster over considerations they maintain monopoly energy. In a letter to the DOJ, the group of bipartisan senators wrote, “​​For too lengthy, Dwell Nation and Ticketmaster have wielded monopoly energy anticompetitively, harming followers and artists alike.” The letter adopted a January listening to by the Senate Judiciary Committee that delved into the Taylor Swift ticketing debacle.

Dwell Nation Leisure — shaped by the 2010 merger of Dwell Nation and Ticketmaster — reportedly owns an estimated 70% of the dwell occasion ticket brokering market, in line with client advocates.

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