After an investigation performed by the Canadian Competition Bureau over misleading ticketing prices by Ticketmaster, the authority have fined Ticketmaster $4.5 million. The Canadian Competition Bureau found that Ticketmaster inflated their prices by between 20% and 65% with added on fees.
The bureau found that Ticketmaster’s advertised prices didn’t reflect the true cost to consumers due to mandatory service and processing fees tacked later on — a method called “drip pricing.” The Bureau expects all ticket vendors to take note and review their marketing practices, knowing that the Bureau continues to examine similar issues in the marketplace and will take action as necessary.”
Unfortunately for Ticketmaster, this is their second major legal controversy in the last 12 months. Last fall, the company was hit with a class action lawsuit for allegedly running a secret ticket scalping program.
For more information, visit https://consequenceofsound.net/2019/06/ticketmaster-fined-4-million-misleading-prices/