Blink-182 Tickets Are So Expensive Because Ticketmaster Is a Disastrous Monopoly

Re:Blink-182 Tickets Are So Expensive Because Ticketmaster I... by forrestthewoods on Friday October 21, 2022 @12:31PM (#33289909)

> extra profits generated by dynamic pricing are going to ticketmaster rather than to artists.

Yeah I don’t think that’s true?

My understanding is that even a portion of the “service fee” TM charges also goes to the artists.

One of the most important services that TM provides is they are a scape goat. Artists can charge crazy high prices and TM takes the blame. They’re willing to be the bad guy.

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Re:Blink-182 Tickets Are So Expensive Because Ticketmaster I... by ipaddr on Friday October 21, 2022 @01:39PM (#33290796)

Not entirely true and mostly untrue. A few artists can demand a piece but only a handful.

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Re:Blink-182 Tickets Are So Expensive Because Ticketmaster I... by forrestthewoods on Friday October 21, 2022 @02:17PM (#33291275)

I do not believe you are correct.

The money is split between Ticketmaster, venue, promoter, and artist.

Can you provide any numbers of any kind? I certainly can’t find specifics. So it’s no evidence versus no evidence.

I know TM has a near monopoly. But I personally think they have that monopoly because they’re willing to be the bad guy everyone blames for high ticket prices.

I think logic dictates that artists would not opt-in to dynamic pricing, and yes it is optional, unless they see upside.

LiveNations quarterly earnings states: “With market-based pricing being widely adopted by most tours, we expect to shift over $500M from the secondary market to artists this year”. It’s hard to tell what percentage that is.

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