House Approves TICKET Act Following Ticketmaster Controversy: Will It End Hidden Fees, Speculative Ticketing?
Portfolio Pulse from Franca Quarneti
The House has approved the TICKET Act, which mandates upfront disclosure of ticket prices and guarantees refunds for cancellations. This legislation, spurred by the Ticketmaster controversy during Taylor Swift's Eras Tour, now awaits Senate approval and the president's signature. The Act aims to eliminate hidden fees and deceptive ticketing practices, with significant implications for Live Nation Entertainment Inc (NYSE:LYV), Ticketmaster's parent company.
May 20, 2024 | 3:01 pm
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The TICKET Act, approved by the House, mandates upfront ticket pricing and refunds for cancellations, directly impacting Live Nation Entertainment Inc (NYSE:LYV). This follows the Ticketmaster controversy and could lead to increased regulatory scrutiny and potential changes in business practices.
The TICKET Act's approval by the House introduces new regulations that could affect Live Nation's revenue model by eliminating hidden fees and speculative ticketing. This follows the Ticketmaster controversy, increasing regulatory scrutiny and potential operational changes.
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