Ticketmaster Collaborates With Artists And Promoters To Shove Scalpers Aside
from the nothing-at-face-value dept
Ticketmaster is the sort of company that lots of people love to hate. It's long been dogged by complaints that it is anti-competitive -- complaints which have gathered pace with its recent move to merge with Live Nation. The company has done plenty of things to try to drive scalpers out of business before, in hopes of sucking up their profit margins, and its latest move will further endear itself to fans. The WSJ reports that Ticketmaster is collaborating with artists and concert promoters to sell premium-priced tickets to shows on its TicketExchange site, and making them look as if they're being sold by fans. Trent Reznor explains the situation in the eminently reasonable way we've come to expect, saying that artists know they could charge much higher prices to some of their fans, but they "don't want to come off as greedy pricks asking that much, even though the market says its value is that high." So instead, they feed them to the reseller market, or as in this case, become the reseller themselves, but obfuscate that fact.Ticketmaster execs decry the scalper market, and claim it's not fair to artists, who don't get any of the scalper's profits; under the TicketExchange deals, it divides the revenues with artists and concert promoters. This is all pretty bizarre: if Ticketmaster wants to jack up ticket prices, it seems like it would just raise them upfront. It's also not clear why the company thinks that it's abhorrent for scalpers to charge consumers high prices, but it's perfectly okay for Ticketmaster to charge them prices over the tickets' face value. This news will hardly endear the company further to consumers, and probably won't help it with government regulators, either.
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Filed Under: scalpers, tickets, trent reznor
Companies: live nation, ticketmaster
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Ticketmaster, btw, has always been in my opinion just an officially sanctioned scalper.
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Re:
(with the very rare exception of a few huge names)
Most artists actually go into debt with the label to produce an album, and never actually see profits from it at all.
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Name a single artist that is not already well known who is bragging about how much money they made from record sales.
I'll wait.
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Scalping is legal in many states......
"the "artists" never made money from record sales"
WTF are you nuts....?
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Name one artist who is not well known that is bragging about how much money they made from record sales alone.
I'll wait....and wait...and wait.
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I guarantee you listen to some band that I have never heard of(and I can guarantee I listen to hundreds of bands you've never heard of) but right now you have the other problem, showing that one of them is bragging about the revenue from their record sales.
Come on, I'll wait for you to find someone but I won't hold my breath cause you already know you can't and this little game of yours is just the way of saying that I already won so I accept your gracious apology that you will never give.
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My lack of an a complete knowledge of individual artists incomes means that yes, I have to say you are right, I cannot provide any examples. Enjoy your "victory".
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P.S. I listen to almost all types of music, Bluegrass included. And yes there are artists that do well but like my example suggests, it doesn't come from the record sales.
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For a given venue you'll have different classes of tickets, from front-row-center to nose-bleeds in the rear corner. Tickets are priced at what the band wants to charge and people request to buy tickets. For 2 - 3 weeks individuals can request tickets. At the end of the request period people are offered up to the number of tickets requested. Unsold tickets get recycled to people who didn't get offered all the tickets they wanted. Then 2 weeks before the concert all the remaining tickets are auctioned off. This way ticketmaster can't get their greedy hands on the tickets until the general public has had a chance to request tickets. Also there is nothing to gain by standing in line anywhere.
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direct sales scenario
Nice idea but...
The part of the equation that is missing is the fact that Ticketmaster controls most of the venues and will not let the concert happen unless they are the ones doing the selling.
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ticket price's
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http://www.cbc.ca/canada/manitoba/story/2009/02/25/mb-ticketmaster-suit.html
htt p://www.cbc.ca/marketplace/2009/new_home_nightmares/busted.html
http://www.cbc.ca/arts/story/2009 /02/12/ticketmaster-suit.html
http://www.cbc.ca/canada/toronto/story/2009/03/02/ag-ticketmaster.h tml
http://www.cbc.ca/consumer/story/2009/02/23/ticketmaster-settlement.html
http://www.cbc.ca /consumer/story/2009/01/02/ticketmaster-consumers.html
http://www.cbc.ca/arts/story/2009/02/24/ti cketmaster-suit.html
And if that is not enought
http://www.cbc.ca/search/cbc?ie=utf8&site=CBC&output=xml_no_dtd&getfields=des cription&oe=utf8&safe=high&q=ticketmaster
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www.cbc.ca/search/cbc?ie=utf8&sit e=CBC&output=xml_no_dtd&getfields=description&oe=utf8&safe=high&q=ticketmaster
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ticket price's
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ticketmaster
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ebay style bidding
Doesn't this solve the dilemma?
The fans themselves run up the price of a venue and a seat or not, depending on demand.
Free markets.
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