Maybe Ticketmaster is finally facing some actions from their monopoly over tickets, but we highly doubt it. Below is a post from Yahoo news about a class action lawsuit concerning the event promotions company in which they profited off of "processing fees". You know about those all too well, those extra tacked on transaction fees that sometimes reach seven or eight bucks. Pearl Jam famously took on Ticketmaster in 1994 and appealed before congress over their monopoly on the touring concert industry.
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| June 30, 1994: Just another day at the House Subcommittee on Information, Justice, Transportation and Agriculture. (Source: fuckyeahstonegossard) |
If you used Ticketmaster's website to buy tickets between October 21, 1999 and October 19, 2011, you're in for a windfall.
Well, a $1.50 per ticket order windfall.
Because of a proposed class action settlement, Ticketmaster is being forced to credit $1.50 per ticket order (up to 17 orders) to customers due to the fact that they profited off of "processing fees" without declaring as much.
And
despite the reparations, Ticketmaster can continue to profit off
transactions — they just have to say they're doing so on their website.
According
to court documents, the original claim, filed October 21, 2003, also
implicates UPS' delivery price for expedited delivery of tickets as
deceptive. Those part of the UPS
subclass of the suit are entitled to an additional $5.00 credit per
ticket. Both credits are in the form of vouchers, which can be redeemed a
maximum of two at a time.
This could end up costing Ticketmaster
a hefty amount of money. If, in any given year over the four-year
redemption period, less than $11.25 million is redeemed by customers,
Ticketmaster is going to donate the remainder to charity.
Also,
the Counsel attorneys plan to ask for an award of up to $16,500,000 in
attorneys’ fees and expenses, as well as $20,000 to the two plaintiffs who brought forward the class action in the first place.
Don't
expect your credits quite yet, though. Credits won't be issued prior to
April 15, 2012, and should come within 30 days after Final Approval of
the settlement (currently scheduled for May 29, 2012).
