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Feds subpoena Ticketmaster over egregious concert ticket prices — A spokesperson for Live Nation, which owns Ticketmaster, said the firm doesn't “feel comfortable” sharing information with Congress (www.vice.com)
submitted 2 years ago by [M, B] to c/technology@lemmy.world
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Feds subpoena Ticketmaster over egregious concert ticket prices — A spokesperson for Live Nation, which owns Ticketmaster, said the firm doesn't “feel comfortable” sharing information with Congress::A spokesperson for Live Nation, which owns Ticketmaster, said the firm doesn't “feel comfortable” sharing information with Congress.

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[–] 190 points 2 years ago* (last edited 2 years ago) (5 children)

I don't feel comfortable with them essentially operating a monopoly that both consumers and artists detest. I don't feel comfortable with paying exorbitant meaningless fees if I ever want to experience a live event. It's never mattered what I'm comfortable with, I've always gotten fucked. I don't care how uncomfortable they are, I hope they get absolutely destroyed by legal fees and go bankrupt.

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  • [–] 66 points 2 years ago (2 children)

    Not just them, everyone doing it.

    We used to be able to get tickets to concerts at a small venue here by going into one of the music shops. No stupid fees, just whatever the ticket price was.

    The venue stopped selling through these stores semi recently, moved to an online service, and now there's no less than 30% fees, sometimes as high as 40%.

    It's absolutely ridiculous.

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  • [–] 60 points 2 years ago (3 children)

    "the venue" is most likely owned my LiveNation, which also owns Ticketmaster. That's why they CAN have those insanely inflated prices, because they control everything. Like someone mentioned, Pearl Jam tried going off the beaten track and find venues NOT owned by LiveNation , which proved to be .. hard

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  • [–] 27 points 2 years ago

    That's just the beginning. Other artists have tried to avoid livenation venues but when the artist finds a venue, livenation just goes and buys said venue. That shit right there should have been taken to court.

    Funny how these legal actions against companies like this only happen under democratic presidents.

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  • [–] 29 points 2 years ago* (1 child)

    Not to mention they own a secondary ticket market and makes a lot of money off scalping being a thing.

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  • [–] 21 points 2 years ago (3 children)

    Pretty sure they've gotten in trouble reserving seats for scalpers. They called them "premium buyers" or something because they bought an insane amount of tickets, more than any person could reasonably use.

    TM still takes their cut when an original is bought. But then they take another when it's resold on their platform again. They make more money the more times a ticket gets resold.

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  • [–] 13 points 2 years ago

    I was watching this happen day of for a show in Montreal just recently. There were few seats available for weeks leading up to the show with resale tickets around 200 to 300 CAD a piece, then day of big chunks of non resale seats came available for a fraction of that.

    Artificial scarcity. Total and complete scam.

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  • [–] 1 point 2 years ago* (1 child)

    They're actually global epidemic. And it amazes me that you can sell a ticket to someone who doesn't have the intention of physically putting a physical body of themselves, a friend or family in the seat. All it does is lock real dedicated fans out.

    At the very least I think artists should be able to choose to not have their tickets sold on the secondary market.

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