As Biden-era ‘junk fee' rule takes effect, Ticketmaster says it will display fees more clearly
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.
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.
It has been in the hot seat since 2022, when its site crashed during a presale event for Taylor Swift's upcoming stadium tour. The company 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.
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 'common sense' 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 Trump in the Oval Office as Trump signed the order.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CBC
41 minutes ago
- CBC
Hundreds of Air Canada flight attendants picket YVR
Hundreds of Air Canada flight attendants demonstrated outside Vancouver International Airport Saturday. The strike prompted a warning for passengers to avoid the airport unless they have confirmed a booking on a different airline. Shaurya Kshatri reports.


Globe and Mail
an hour ago
- Globe and Mail
Gold Could See Higher Highs with a September Interest Rate Cut on the Table
Distributed on behalf of Equinox Gold Corp. With a September interest rate cut on the table, gold prices could push aggressively higher, positively impacting gold and related stocks, like Equinox Gold Corp. (NYSE: EQX) (TSX: EQX), Newmont Corporation (NYSE: NEM) (TSX: NGT), Barrick Mining (NYSE: B) (TSX: ABX), Franco-Nevada Corp. (NYSE: FNV), and B2Gold Corp. (NYSE AMERICAN: BTG) (TSX: BTO). In fact, with consumer price index (CPI) and producer price index (PPI) data now out, there's an 88.5% chance we'll see a cut, as noted by CME Group's FedWatch. In fact, you can see the odds of a rate cut here. U.S. Treasury Secretary Scott Bessent also believes the Federal Reserve will cut interest rates by half a point at its September meeting. As he told Bloomberg, 'I think we could go into a series of rate cuts here, starting with a 50-basis point rate cut in September. If you look at any model [it suggests that] we should probably be 150, 175 basis points lower.' Fueling more upside are geopolitical and economic uncertainties, growing central bank demand, and a weaker U.S. dollar. Plus, analysts at Fidelity say the safe haven metal could soar to $4,000 by the end of next year. Goldman Sachs and Bank of America are also calling for $4,000 gold by 2026. Again, that should have a positive impact on gold and related stocks, such as: Equinox Gold Corp. (NYSE: EQX) (TSX: EQX), Which Just Delivered Strong Earnings Equinox Gold Corp. is now poised for m ajor inflection in the third quarter, including its Calibre Asset production, Canadian Greenstone Gold Mine ramp-up and Valentine Gold Mine startup. With regards to its most recent quarter, Darren Hall, CEO of Equinox Gold, commented: "Equinox Gold is entering a pivotal growth phase. Q2 delivered solid results, led by Greenstone, where mining rates increased 23% and processing rates improved 20% over Q1. Building on that momentum, Q3 is off to a strong start, with quarter-to-date ex-pit mining volumes 10% higher than Q2 and process plant throughput averaging 24.5 kptd over the last 30 days, including more than one-third of the days above nameplate capacity of 27 ktpd. This sets the stage for our true inflection point in Q3, driven by a full-quarter contribution from the Calibre assets, first ore processed at Valentine, and continued improvement at Greenstone.' "If the Calibre transaction had been effective from January 1, 2025, our pro-forma consolidated revenue for the first half would have been approximately $1.33 billion, highlighting the enhanced scale and earnings power of the combined company. We expect a strong second half of the year, with production on track to meet our full-year consolidated guidance of 785,000 to 915,000 ounces and anticipate continued growth in both production and cash flow into 2026. Our focus is clear as we grow into a top-tier producer - operational excellence, disciplined capital allocation, and deliver on our commitments to drive debt reduction, optimize our balance sheet, and maximize returns for shareholders." HIGHLIGHTS FOR Q2 2025 AND SUBSEQUENT EVENTS - On June 17, 2025, Equinox Gold closed its acquisition of Calibre Mining Corp. - Produced 219,122 ounces of gold, including full period contributions of 72,823 oz of gold from the Nicaragua operations and Pan Mine, excluding 1,975 oz from Castle Mountain and 1,495 oz from Los Filos - Total cash costs of $1,478 per oz and all-in sustaining costs of $1,959 per oz - Cash flow from operations before changes in non-cash working capital of $126.0 million ($132.9 million after changes in non-cash working capital) - Mine-site free cash flow before changes in non-cash working capital of $154.5 million ($178.4 million after changes in non-cash working capital) - Adjusted EBITDA of $200.5 million - Income from mine operations of $159.8 million - Net income of $23.8 million or $0.05 per share (basic) - Adjusted net income of $56.7 million or $0.11 per share - Sustaining expenditures of $71.1 million and non-sustaining expenditures of $42.3 million - Cash and equivalents (unrestricted) of $406.7 million at June 30, 2025 - Net debt of $1,373.7 million at June 30, 2025 - The Castle Mountain Mine was designated as a FAST-41 Project by the United States Federal Permitting Improvement Steering Council. According to the FAST-41 project dashboard as of August 8, 2025, the federal permitting process is expected to be completed in December 2026 (see link) - Announced agreement to sell non-core Nevada assets for US$115 million (see link) - Valentine Gold Mine enters the final stages of commissioning with ore processing expected to commence before the end of August 2025, followed by the first gold pour approximately one month later - On June 30, 2025, Equinox Gold ratified the new long-term land access agreements with Mezcala and Xochipala, two of the three communities near the Los Filos Mine. These agreements enable a new mine development project, starting with an exploration program in Q3 2025 and followed by engineering studies to evaluate alternative locations for the carbon-in-leach plant needed for a potential expansion. - Senior leadership transition: Darren Hall was appointed Chief Executive Officer and Director on July 22, 2025. - Nicaragua exploration results: Reported new high-grade resource expansion drill results, including: 36.77 g/t gold over 6.9 metres, 8.55 g/t gold over 14.6 metres, 10.19 g/t gold over 6.0 metres Other related developments from around the markets include: Newmont announced second quarter 2025 results, an additional $3.0 billion share repurchase program and declared a dividend of $0.25 per share. "Newmont delivered a strong second quarter, producing approximately 1.5 million attributable gold ounces and generating an all-time record quarterly free cash flow of $1.7 billion, underscoring the strength of our world-class portfolio and the disciplined execution of the commitments we shared at the beginning of the year," said Tom Palmer, Newmont's Chief Executive Officer. "We remain firmly on track to achieve our 2025 guidance as we continue to strengthen our safety culture, stabilize our operations and deliver long term value to shareholders." Five years after its formation, the Twiga partnership between Barrick Mining Corporation and the government of Tanzania continues to redefine the role of mining in national development, delivering shared value, operational excellence and long-term investment in the country's future. 'When we established Twiga, it was about more than just resolving legacy issues. It was about building a new future by unlocking Tanzania's gold endowment in a way that fairly shares the benefits and builds lasting value for all stakeholders. Five years on, we've not only re-established Barrick as the sector's leading economic contributor but have also earned national recognition across a range of areas from safety and local content to education and infrastructure,' Barrick president and chief executive Mark Bristow said. Franco-Nevada Corp. CEO Paul Brink just noted, 'I am very pleased with our record financial results this quarter,' stated Paul Brink, CEO. Our portfolio largely produced as expected for the quarter and higher gold prices contributed to record revenue, operating cash flow, Adjusted EBITDA margins and earnings. We also saw constructive developments in Panama, including the shipment of the remaining copper concentrate from Cobre Panama. During the quarter, we acquired a royalty on IAMGOLD's Co^te´ Gold Mine, one of Canada's newest large-scale gold mines and, post quarter-end, a royalty on AngloGold's Arthur Project, one of the largest gold discoveries in Nevada. We anticipate new contributions from Co^te´ and growing contributions from Porcupine and Tocantinzinho to be the main drivers for higher GEOs in the second half of the year. Our acquisitions over the last 18 months have positioned us for strong long-term growth that may be further enhanced by a potential restart at Cobre Panama.' B2Gold Corp. announced its operational and financial results for the second quarter of 2025. Consolidated gold production in the second quarter of 2025, including pre-commercial production from the Goose Mine, was 229,454 ounces, higher than expected. The Fekola, Masbate and Otjikoto mines all exceeded expected production in the second quarter, and the Company remains on track to meet its consolidated annual production guidance range. All three operations continue to meet or exceed gold production expectations to start the third quarter of 2025. Consolidated cash operating costs, excluding pre-commercial production from the Goose Mine, were $745 per gold ounce produced ($762 per gold ounce sold) during the second quarter of 2025. Cash operating costs per ounce produced for the second quarter of 2025 were better than expected as a result of lower than expected fuel costs and higher than expected gold production. On August 7, 2025, B2Gold's Board of Directors declared a cash dividend for the third quarter of 2025 of $0.02 per common share (or an expected $0.08 per share on an annualized basis), payable on September 23, 2025, to shareholders of record as of September 10, 2025. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Equinox Gold Corp. by Equinox Gold Corp. We own ZERO shares of Equinox Gold Corp. Please click here for disclaimer. Contact:


Globe and Mail
3 hours ago
- Globe and Mail
Intermede Investment Partners Ltd Reduces Meta Holdings
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Intermede Investment Partners Ltd, managed by Barry Dargan, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund reduced its position by 11,406 shares. Spark's Take on META Stock According to Spark, TipRanks' AI Analyst, META is a Outperform. Meta Platforms excels in financial performance with strong growth and profitability metrics, which is the most significant factor driving the stock score. The positive momentum in technical analysis and favorable earnings call sentiment further bolster the score. However, valuation concerns and regulatory challenges pose moderate risks. To see Spark's full report on META stock, click here. More about Meta Platforms, Inc. YTD Price Performance: 33.80% Average Trading Volume: 12,032,675 Current Market Cap: $1964.7B Disclaimer & Disclosure Report an Issue