Re:Stubhub buying their own tickets under fake names?
by bastard_op on Wednesday July 12, 2023 @03:01PM
(#36700004)
How is anything done by Ticketmaster and Stubhub not legitimized scalping at its worst and not already disbanded by congress? It's so rampant Ticketmaster doesn't even pretend anymore and just charges "market adjusted" prices to scalp directly themselves now to cut out most of the middle-man scalpers.
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Re:Stubhub buying their own tickets under fake names?
by chongli on Wednesday July 12, 2023 @04:57PM
(#36701571)
Because the artists are all in favour of it. Ticketmaster et al are in the business of reputation laundering. If the artists sold tickets directly at market clearing prices then fans would be livid at the level of greed on display.
By using Ticketmaster as an intermediary, artists are able to put artificial below-market prices on the tickets but then sell them at inflated prices, while deflecting fans' anger to the middle man. Ticketmaster, in turn, pays the artists a kickback and everybody wins (except the fans).