How concert tickets fees are rising and how to avoid paying more

Consumer’s Report staff brought forth a somewhat unaddressed issue known as the “Ticket Fee Frenzy” in their August 2016 issue and elaborated on the new scheme introduced by online ticketing platforms and ticket apps such as ‘Ticketmaster and others which led to an increase in the prices of concert tickets. This scheme included the tacking of unnecessary charges along with the original prices of rock concert prices, mainly in the Midwest. The false allegations, such as delivery charges, facility charges, were tagged on to increase the costs of the tickets. The concert tickets’ fee that initially consisted of 20% of the ticket’s face value has been increased to almost 27% of the ticket’s face value, as reported by the Government Accountability Office in 2018.

This enormous increase in the prices of concert tickets caused a sudden rage to grow in the fans as a result of which, almost 7000 rock fans wrote to the Federal Trade Commission (FTC), demanding this newly introduced concept to be diminished because attaching unnecessary charges such as a service fee of $23 for one concert ticket is unreasonable. These unfair charges have not only been applied by Ticketmaster but also by Stubhub that has the smartest approach to deceive the fans as it provides the details of the additional costs after the personal information has been inserted. For instance, a concert ticket of $66.50 is increased to almost $83 after the inclusion of unreasonable service fees and fulfillment fees. As a result of the fan’s demands, FTC hosted a workshop regarding the ticketing industry, which included the industry representatives of Ticketmaster, SeatGeek, and StubHub.

In this session, previously selected questions’ cards were addressed by the attorney of FTC’s advertising projects. Almost all the items included, demanded an elaborate explanation for the charges attached to the ticketing fee. If we compare the rock concert ticket fees with those of movie tickets and museum tickets, that add on additional costs of $1.50 or $2.50 or sometimes even less, in the case of purchasing museum tickets from Ticket apps such as Fandago, the little additional fees seems reasonable as it can be used to bring up the system.

This system of additional fees does not support the artists in any way but instead helps the Ticket apps themselves in making more profit by using the name of some of the most renowned artists and producers such as Guns N’ Roses etc. According to a study conducted by GAO, the event planning of the fancy events such as Broadway shows, etc. puts on an additional fee of 20% of the face value, but they have an odd premium on popstars.

These unfair means of earning more profit have been long followed by Ticketmaster, Stubhub making it one of America’s most hated companies. But this recent session held by FTC might serve as hope to retrieve and diminish these unreasonable charges that are tagged on to concert ticket prices and might ensure that these ticket apps provide the fans with a reasonable fee.

One of the benefits of registering as a VIP member of our Fan base in our mobile app, Tyket. It’s as low as US$15/month and there will be no additional fees upon face value. Also included.

  • Discounts when purchasing Tickets to StageWood Events
  • Invitations to exclusive events
  • Free tickets to special events
  • Priority VIP tickets
  • VIP meet and greet with artists on special events
  • Exclusive invitations to underwrite hot events

To read more about the membership and how we’re reconstructing the entertainment industry. https://stagewood.com/partners/#Fanatyk

What do you think of the subscription method? We would love to hear your comments.

Subscribe

Subscribe To Our Newsletter

Join our mailing list to receive the latest news about our team

It was only a dream…

It was only a dream…

Everything that we see out there today started with an idea. A problem to solve. A need to be met. Anything that is built outside of that, doesn’t live long. Unless, it’s created from a dream. That’s what StageWood comes from. Tyket was born out of a dream. And dreams...

read more
Innovation in Times of Repetition

Innovation in Times of Repetition

The saying goes “there’s nothing new under the sun”. And it certainly holds true for many things. One thing, though, we never thought it’d hold true for is social media. Unfortunately, now it does. What started out as one platform wanting to outperform or compete for...

read more
Covid-19 News Update

Covid-19 News Update

Must-Know News For This Monday Another vaccine reaches 90% effectiveness in its trial period. The vaccine being developed by Oxford University, and manufactured by AstraZeneca revealed the results of late-stage trials show their vaccine to have 70-90% effectiveness....

read more