logo
Ticketmaster begins up-front ticket pricing as Biden admin "junk fee" ban takes effect

Ticketmaster begins up-front ticket pricing as Biden admin "junk fee" ban takes effect

CBS News12-05-2025

As a Biden administration ban on so-called "junk fees" took effect Monday, Ticketmaster said it will start displaying the full price of a ticket as soon as consumers begin shopping.
Ticketmaster, long a subject of complaints about its hidden fees, was among those targeted by the new rule, which was announced in December by the Federal Trade Commission. The rule requires ticket sellers, hotels, vacation rental platforms and others to disclose processing fees, cleaning fees and other charges up front.
Ticketmaster said Monday it commended the FTC's action.
"Ticketmaster has long advocated for all-in pricing to become the nationwide standard so fans can easily compare prices across all ticketing sites," Ticketmaster Chief Operating Officer Michael Wichser said in a statement.
Additional improvements
Ticketmaster said it will also tell shoppers where they are in line when they log in to buy tickets to an event. It will also give real-time updates to customers whose wait times exceed 30 minutes, letting them know ticket price ranges, availability and whether new event dates have been added.
Ticketmaster, which is owned by Beverly Hills, California-based concert promoter Live Nation, is the world's largest ticket seller, processing 500 million tickets each year in more than 30 countries. Around 70% of tickets for major concert venues in the U.S. are sold through Ticketmaster.
Ticketmaster said Monday's changes will bring North America in line with the rest of the world, where the full ticket price was already displayed as soon as customers started shopping.
Cracking down on bots
The company also says it plans to step up its fight against ticket bots, or automated software used by resellers to bulk-buy mass quantities of tickets. Complaints about these systems came to a head during the November 2022 presale to Taylor Swift's Eras tour, when its site crashed during a presale event for Taylor Swift's upcoming stadium tour.
The company at the time said its site was overwhelmed by both fans and attacks from bots, which were posing as consumers in order to scoop up tickets and sell them on secondary sites. Thousands of people lost tickets after waiting for hours in an online queue.
"We now block an average of 200 million bot attempts every day, stopping them from stealing tickets meant for real fans," Ticketmaster said in a statement. "In 2024 alone, we blocked over 53 billion bot attacks, a more than 5x increase from 2019."
Monopoly trial
Last year, the U.S. Department of Justice sued Ticketmaster and Live Nation, accusing them of running an illegal monopoly that drives up U.S. ticket prices and asking a court to break them up. That case is ongoing.
President Donald Trump is also eyeing the industry. In March, he signed an executive order that he said will help curb ticket scalping and bring "commonsense" changes to the way live events are priced.
Under the order, the FTC must ensure "price transparency at all stages of the ticket-purchase process" and take enforcement to prevent unfair, deceptive, and anti-competitive conduct.
"Anyone who's bought a concert ticket in the last decade, maybe 20 years — no matter what your politics are — knows that it's a conundrum," said Kid Rock, who joined Mr. Trump in the Oval Office as Mr. Trump signed the order.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Are Robust Financials Driving The Recent Rally In Definity Financial Corporation's (TSE:DFY) Stock?
Are Robust Financials Driving The Recent Rally In Definity Financial Corporation's (TSE:DFY) Stock?

Yahoo

time10 minutes ago

  • Yahoo

Are Robust Financials Driving The Recent Rally In Definity Financial Corporation's (TSE:DFY) Stock?

Definity Financial (TSE:DFY) has had a great run on the share market with its stock up by a significant 28% over the last three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Definity Financial's ROE today. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Definity Financial is: 12% = CA$422m ÷ CA$3.6b (Based on the trailing twelve months to March 2025). The 'return' is the income the business earned over the last year. So, this means that for every CA$1 of its shareholder's investments, the company generates a profit of CA$0.12. See our latest analysis for Definity Financial So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. To begin with, Definity Financial seems to have a respectable ROE. And on comparing with the industry, we found that the the average industry ROE is similar at 12%. This certainly adds some context to Definity Financial's exceptional 30% net income growth seen over the past five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For instance, the company has a low payout ratio or is being managed efficiently. As a next step, we compared Definity Financial's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 9.4%. Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Has the market priced in the future outlook for DFY? You can find out in our latest intrinsic value infographic research report. Definity Financial has a really low three-year median payout ratio of 18%, meaning that it has the remaining 82% left over to reinvest into its business. So it looks like Definity Financial is reinvesting profits heavily to grow its business, which shows in its earnings growth. Additionally, Definity Financial has paid dividends over a period of three years which means that the company is pretty serious about sharing its profits with shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 20% of its profits over the next three years. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 11%. Overall, we are quite pleased with Definity Financial's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Reddit Warns Burned-Out Denturist: 'Even If You Think You Understand All the Risks, You Probably Don't'
Reddit Warns Burned-Out Denturist: 'Even If You Think You Understand All the Risks, You Probably Don't'

Yahoo

time10 minutes ago

  • Yahoo

Reddit Warns Burned-Out Denturist: 'Even If You Think You Understand All the Risks, You Probably Don't'

It's good for people to look for additional ways to boost their income. Increasing your earnings gives you more flexibility and can help you retire sooner. One burned-out denturist who earns $300,000 per year and owes $1 million on a mortgage is looking to acquire a business that has more than $500,000 in annual profits. While this move can boost the denturist's income, Redditors offered plenty of warnings against business acquisition. "Even if you think you understand all the risks, you probably don't," one commenter said. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can Commenters offered a few suggestions for the denturist to deal with burnout and look for opportunities to earn more money. One of the top comments came from a Redditor who suggested figuring out the cause of your burnout before jumping into any new ventures. Starting or acquiring a business requires a lot of work, and it's probably the last remedy that you'd consider for solving burnout. The commenter suggested that travel could be the cause of burnout and encouraged the denturist to look for a similar role that "reduces travel while maintaining similar benefits." The commenter mentioned that they were burned out and switched jobs to solve the issue. Working for a more stable company with better management support may be worth it, even if you have to take a small pay cut. Trending: Maximize saving for your retirement and cut down on taxes: . While one commenter advised the Redditor to identify why they feel burned out, most commenters warned about some of the downsides of acquiring a business. They emphasized how things don't always go smoothly, and a company that is delivering solid profits right now may not do so well in a few years. Companies that earn $500,000 in annual profits usually reach that milestone because of an effective leader. Acquiring a business may mean losing that leader, and if you don't know how to run a business, your investment can quickly turn sour. Good business leaders see their companies fall apart due to factors out of their control, and it's even worse for people who are just getting started. One commenter also mentioned that it won't be $500,000 in annual profit since a large portion of those earnings will have to go toward monthly payments toward the loan used to finance the denturist specifically wanted to acquire a business in an industry that they didn't know very well. That makes an uphill battle even more challenging, and one commenter came up with a solution. Instead of acquiring a business in a field that you don't know, the denturist can start a denturist business. The original poster said that they have their own clinic and haven't put much cash into it. However, the higher income gives the denturist more flexibility with funding the clinic, and that seems to be the new route. The denturist may have continued to neglect this opportunity if a commenter didn't offer the suggestion. It demonstrates the value of starting a business in your industry instead of acquiring a business in an industry where you have zero experience. Read Next: Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Reddit Warns Burned-Out Denturist: 'Even If You Think You Understand All the Risks, You Probably Don't' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store