81–90 of 137 posts
We bought $700 tickets to see a show we really wanted to see, but ended up being unable to make it. We tried selling it on Ticketmaster, where you can in theory set your own price, or accept their "best offer". Our best offer was somewhere in the neighborhood of $150, and given that it was the night of the show, we accepted it. We paid $54 per ticket in "processing fees" when purchasing, and paid $50 in more "process…
We bought $700 tickets to see a show we really wanted to see, but ended up being unable to make it. We tried selling it on Ticketmaster, where you can in theory set your own price, or accept their "best offer". Our best offer was somewhere in the neighborhood of $150, and given that it was the night of the show, we accepted it. We paid $54 per ticket in "processing fees" when purchasing, and paid $50 in more "process…
What kind of show sell $700 tickets? Does that include an escort?
The real question is, why is TicketMaster allowed to strongarm venues into essentially perpetuating its monopoly forever?
Ticketmaster + venues are incentivized to maximize primary ticket sales. Ticket brokers are generally willing to take on the risk of buying up tickets to events on the primary market and constrain supply to turn a profit on the secondary market. This works because TM and secondary platforms can claim ignorance and control the narrative: “we do our best to prevent bots”/“fans should be free to resell their tickets” Th…
I believe some states have tried that but it runs afoul of individual rights and first sale doctrine. Once I buy something, it's my property and I'm free to sell it for whatever price I can get.
Earlier quoted context omitted.
What kind of show sell $700 tickets? Does that include an escort?
So many big shows these days, unfortunately. Not every ticket will be that much, but many of the best seats will.
We bought $700 tickets to see a show we really wanted to see, but ended up being unable to make it. We tried selling it on Ticketmaster, where you can in theory set your own price, or accept their "best offer". Our best offer was somewhere in the neighborhood of $150, and given that it was the night of the show, we accepted it. We paid $54 per ticket in "processing fees" when purchasing, and paid $50 in more "process…
What kind of show sell $700 tickets? Does that include an escort?
Earlier quoted context omitted.
By the reasoning of "Now TM owns the venue, they are the promotor, they are the manager(to an extent) and have full control of the tickets, and the secondary market." I would think the artist is 100% at the mercy of TM rather than in on the game. With that kind of control, why would they share with the artist?
Without the artist there's nothing to sell?
We bought $700 tickets to see a show we really wanted to see, but ended up being unable to make it. We tried selling it on Ticketmaster, where you can in theory set your own price, or accept their "best offer". Our best offer was somewhere in the neighborhood of $150, and given that it was the night of the show, we accepted it. We paid $54 per ticket in "processing fees" when purchasing, and paid $50 in more "process…
What kind of show sell $700 tickets? Does that include an escort?
Hard to care what happens to a company like TicketMaster. As you build your company, ask yourself how they ended up like this. Do you think the founders had this outcome in mind when they started (everyone hating them and seeing them as an evil money grab)? They probably started with a different ethos. A good reminder that what we do can change - we need to instill our values into the basics of everything we build, o…
I go to a few concerts a year and enjoy them, but the only Ticketmaster concert I’ve ever been to was last year. I paid $115 each (with fees!) for good floor seats to see Weezer, Dinosaur Jr, and the Flaming Lips in 2024. The multi hundred or multi thousand dollar event tickets are insane, I’d never pay that much for a concert. I am lucky to have local independent music venues (First Avenue in Mpls, they own a few lo…
And honestly? It really improved my concert-going experience.
We bought $700 tickets to see a show we really wanted to see, but ended up being unable to make it. We tried selling it on Ticketmaster, where you can in theory set your own price, or accept their "best offer". Our best offer was somewhere in the neighborhood of $150, and given that it was the night of the show, we accepted it. We paid $54 per ticket in "processing fees" when purchasing, and paid $50 in more "process…
What kind of show sell $700 tickets? Does that include an escort?
Live Nation had been engaging in a venue refit programme to make a higher percentage of venue seating - 40% or so - ‘premium’ seating where they can charge far higher rates.
As someone in this thread pointed out the biggest problem with tickets is that (at the top end) musicians certainly but sports teams also sell tickets far below market rates.
It’s a catch 22: if you are a sports team and only sell $1000 tickets you might sell out the show but you alienate your core base who buy lots of other stuff like shirts and caps and beer. If you’re only selling to VIPs you slowly kill what makes your team valuable.
For music it’s harder: for superstar artists you could almost certainly sell out a stadium at crazy prices. But the fans are going to feel gouged and are going to be very vocal and for a lot of musicians that is a red line. There’s been a lot of controversy recently over airline style ‘dynamic’ demand-driven pricing for concerts, and a lot of big name artists have come out against it.
Again, it kills the golden goose. Better to have fans who will pay $100 a ticket every time you tour for the next 20 years whether you are fashionable or not than sell out three years for $1000 a ticket to people who won’t want to buy if you’re not the hot thing.