'Members Of The House Introduce Bipartisan Bill Requiring Total Disclosure Of Ticketing Fees' - CNBC
Portfolio Pulse from Happy Mohamed
The House introduced the TICKET Act, requiring ticket vendors to disclose all fees upfront at the time of purchase. The bill is a companion to legislation introduced in the Senate in April. Ticketing sites and associated fees have come under intense scrutiny, driven largely by a fumbled Ticketmaster presale for Taylor Swift's 'The Eras Tour'.
June 08, 2023 | 6:58 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The TICKET Act, introduced in the House, requires ticket vendors to disclose all fees upfront. This may impact Live Nation, Ticketmaster's parent company, as ticketing sites face increased scrutiny.
The TICKET Act aims to increase transparency in the ticketing industry by requiring vendors to disclose all fees upfront. Ticketmaster, owned by Live Nation, has faced scrutiny due to a presale debacle. This regulatory development may negatively impact Live Nation's business and reputation in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80