APT (Advanced Polymer Technology) is the leading global manufacturer of polyurethane-based materials, acrylic coatings and synthetic turf products for sporting and recreational applications. From…read more
Ticketmaster to honour refunds to all cancelled or postponed shows and events
With the impact of the Coronavirus pandemic causing the cancellation or postponement of thousands of live shows around the world, ticketing company Ticketmaster has made an announcement assuring that it will honour all refunds to fans.
In a message released this week on the Ticketmaster website, it posted in-full a letter from Ticketmaster President Jared Smith to US Congressman Bill Pascrell and Congresswoman Katie Porter, addressing their concerns on the matter.
The letter reads:
"I am responding to your letter dated April 16, 2020 in my role as the global head of Ticketmaster. First, I would like you to know that we share your concerns for our customers and all Americans in distress at this time.
As the entire world continues to navigate the impact of COVID-19, tens of thousands of live events around the globe have been cancelled or are being rescheduled. Fans are understandably frustrated and confused.
Let me start by assuring you that Ticketmaster, with the support of our clients, intends to honour our longstanding practice of allowing refunds on cancelled or postponed shows.
Ticketmaster is a platform that allows event organisers to sell their tickets directly to consumers. Our business practice is to send money to event organisers on a weekly basis as tickets are sold. For the 30,000 events that have already been postponed or cancelled as a result of COVID-19, we have already sent more than $2 billion to event organizers, making it impossible to issue refunds to fans before recouping sales receipts from the organisers, as we’ve done in the past.
To be clear, Ticketmaster intends to refund as many tickets as possible in as timely a fashion as is feasible. We are working every day towards that goal.
That said, some context may be helpful. As of March 1, there were over 55,000 events on our systems scheduled to take place between March 1 and the end of 2020. As noted, most of those events have already been impacted in some way by government-mandated, and vitally necessary, restrictions on large public gatherings. We fully anticipate more events will be impacted in the weeks and months ahead.
Of those 30,000 events already impacted, over 12,000 have already been cancelled and we are actively issuing refunds to every one of the purchasers of those events. Roughly 5,000 events have already been rescheduled, and organisers have authorised us to issue refunds to consumers who request them.
Of the remaining 14,000 events - which include sports, concerts and Broadway shows - promoters are actively working through rescheduling options, which is an incredibly complex task at present given the diminished line of sight into the future as well as the uncertainty around when large gatherings may resume. As those events either land new dates or are cancelled, we will work quickly with the event organizers to authorise refunds on those events as well.
Let me reiterate: neither our clients, nor Ticketmaster, intend to withhold refunds on postponed shows. In fact, as of today, both Live Nation Entertainment and AEG Live, two of our largest event organizers, have announced they will begin to provide refunds, on a rolling basis, for all events impacted by COVID-19.
The industry has come together to navigate this unprecedented time. We know fans are eager to return to live events, and collectively share in experiences with their favourite artists, athletes and actors. We need time to manage through so we are all in a position for that to become a reality, and we look forward to the day when we can come together again."
Image courtesy of Ticketmaster.
24th April 2020 - Collapse of events sector wipes $35 billion from Australia’s economy
23rd March 2020 - LPA seeks targeted financial stimulus for live performance industry
17th March 2020 - LPA calls for $850 million live performance support and stimulus package
14th February 2020 - AFL and Ticketmaster move to scrap ticket booking fees at Melbourne’s Marvel Stadium
13th February 2020 - Ticketmaster expands Asian operations in Taiwan and Singapore
5th February 2020 - Live Nation partners with Mirvac to deliver new immersive experience in Sydney
21st November 2019 - Ticketmaster fans name Come from Away as Australia’s 2019 Ticket of the Year
7th November 2019 - Ticketmaster to fund ticketing technology upgrade for NRL’s Sea Eagles
21st October 2019 - Ticketmaster and YouTube to connect music fans to upcoming concerts
18th September 2019 - Live Nation’s Roger Field considers potential of new Gold Coast entertainment arena
8th September 2019 - Tennis Australia and Ticketmaster agree partnership for tennis events
22nd July 2019 - Live Nation sets sustainability goals for concerts and live events
28th June 2019 - Ticketmaster sells North Queensland Stadium’s first ever tickets
6th May 2019 - Ticketmaster prepares for sales integration with Apple Pay
4th March 2019 - Ticketmaster extend market lead in global entertainment ticketing
2nd March 2018 - Live Nation registers record revenues through 2017
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