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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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[–] 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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