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Do you think the high ticket prices are justified because they play quite long shows?

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On 11/26/2017 at 7:52 AM, tremolo said:

The reason ticket prices are so expensive is because there is a monopoly between Ticketmaster (the ones selling the tickets) and LiveNation (the ones who own the rights to pretty much all the big venues in North America). Both companies merged a few years ago. That means that if a big band wants to tour and play stadiums or arenas (even theatres), they have to deal with LN, and that means they have to also do their business with TM.

TM artificially brings the ticket prices up. How does that happen?

- Let’s say GNR are playing a big venue in NY. The venue capacity for the show is 50,000 people.

- When the tickets go on sale, TM doesn’t release all of them, just a small portion. If there is enough demand, those tickets will sell quickly, and if you don’t act fast, they will be gone. There are still a lot of seats available, but they don’t show on their website. So, instead of risking missing the show, people go to StubHub (which is promoted on the TicketMaster website). TM pretty much tells you “boo-hoo all tickets are gone! But don’t panic, click here to go to SH where you might find tickets available” before warning you that it is a resale site, therefore tickets might be above face value. Funny thing is that TM and SH are one and the same. TM owns SH. The business model is pretty clear: they divert tickets to that SCALPER website so you pay more for your tickets.

- If tickets are not selling as quickly as projected, they will release another batch of tickets through TM. That’s why if you go to TM a few weeks after it shows there are no available tickets, you might be in for a surprise. And they do this bullshit all the way to the very same day of the show.

- They have been doing this for years, easily a decade, before TM and LN merged. They exploited that scalping system to drive ticket prices up, and it worked wonders for them, because they realized that people are willing to pay (much) more for a hot show they don’t wanna miss.

- the way it used to be before the merger: same scheme, but the prices listed on those limited tickets on TM were more fair, just at a regular price you would expect for the show you wanted to attend. But since people decided to go to SH, so they wouldn’t miss the show, and payed those inflated prices, the scumbags at TM learned their lesson and started using those inflated SH prices as their standard price through TM.

 

They are artificially driving the prices up. This is not simply a “supply and demand” thing, because they control and limit the supply to make more money out of all us. It is a legalized SCAM.

 

The big problem is that LN owns the rights to most big venues in North America (and even in South America. Not sure if it is the same in Europe), so unless the band decides to play small venues that are not run by LN, we are all screwed.

Now, in the specific case of NITL, on top of that dirty scheme, you have to add the fact that allegedly GNR are getting paid what... $2M per show? Guess where that money is coming from.

 

We have only ONE company controlling the live entertainment market (concerts, stand-up comedy, sports events, theatre, opera, musicals, etc). But it’s not just the problem of a monopoly. On top of that they maliciously manipulate the market to artificially bring the prices up using a scheme that pretty much FORCED fans to pay more and that way set a much higher standard price for shows that would otherwise be much more affordable.

 

It’s absolute total 100% bullshit.

Although a few of these details are off (apparently SH is owned by Ebay, etc.), this is a great post. The entire ticket system is dripping with bullshit. 

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