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I'd like to know more about how ticketmaster has affected the world of live music. Its such a bizarre market of scalping and reselling. You have entire companie
by TheGRS 11y ago
I'd like to know more about how ticketmaster has affected the world of live music. Its such a bizarre market of scalping and reselling. You have entire companies now dedicated to the act of scalping, like stubhub, where the artist doesn't see a dime of the transactions. The article points out that the revenue generated by ticket sales is greater than it once was, but it still hasn't eclipsed the amount once made from album sales. I have to wonder if the "ticket industry" has something to do with that, but of course its like comparing apples to oranges.
- AnimalMuppet 11y agoWell, the artist sees some of the original ticket sold. And places like StubHub may increase the total number of tickets sold (or may not, I have no actual data). > The article points out that the revenue generated by ticket sales is greater than it once was, but it still hasn't eclipsed the amount once made from album sales. That's revenue, though. How much did the artist see from album sales? In most cases, not much, given the way the game was rigged to favor the labels. The artists saw a much bigger slice of the ticket sales.
- seanmcdirmid 11y agoI heard a lot of the ticketmaster surcharges are kicked back to the artist, in a sense ticketmaster is playing the bad guy to get more money for a concert without blaming the artists.
- jpatokal 11y agoI don't really understand why ticket sales haven't long since switched to an airline model: sell the first tickets (relatively) cheap, then ramp up prices as the venue fills up.