In Response To Low Tickets Sales Promoter Clear Channel Lowers Facility Fees
"This is a true testament to our desire to bring ticket prices down," Rapino tells Billboard.biz. "We are going to swallow millions of dollars in lost revenue."
"Facility fees have become viewed with increasing distaste by consumers and many in the concert industry as unnecessarily boosting already high ticket prices at sheds and arenas. Venues initially created facility fees to pay for upkeep and other vaguely defined services. In recent years, the fees have amounted to little more than an ancillary revenue stream, observers say."