The U.S. Federal Trade Commission (FTC) announced on December 17, 2024, a ban on junk fees for live event tickets, hotel bookings, and vacation rentals. This regulatory action aims to increase price transparency for consumers across these industries.
The ban is part of a broader effort by the agency to ensure that consumers are presented with the full, upfront cost of services, including all mandatory fees. This directly impacts ticketing companies like Live Nation's Ticketmaster, which will be required to display 'all-in' prices.
The new rule is expected to curb practices where additional fees are added late in the purchasing process, potentially affecting the revenue models of companies in the live entertainment sector. The FTC's move is intended to protect consumers from unexpected costs and promote fairer pricing.
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