4 ms·

So only rich people should be allowed to see major artists in concert?

by dbbk 8y ago

Spivak 8y ago
I mean artists are free to reserve discounted tickets for fans and sell them fcfs but they would be intentionally losing money by doing so. Sometimes this is a good choice because you don't want to make your fans mad. It's just a system where people are incented to pay the most they're willing to. Pay before your price and you lose money, pay after your price and you risk the show being sold out.
- onion2k 8y ago
  Except it wouldn't be intentionally losing money. Long term fans are what make a band the most money - they buy tickets and merch, and albums (games, movies, etc). By cashing in on big gigs and maximizing the sales for those tickets an artist would potentially be giving up a lot more long tail revenue, and possibly killing their fan base altogether. Maximizing long term profitability is often not the same as maximizing short term revenue.
  - saosebastiao 8y ago
    There's an easy way to charge market prices and have them be lower. You can raise supply by playing more shows. And if a band values its long term fans, they should have an interest in getting as many people into their shows as possible. Just stay an extra night or two and play another show.
thecatspaw 8y ago
No. Rich people can allready afford a scalpers price, and dont really care if their tickets are 500 dollars or not. In capitalism, high demand and limited stock means that you (as a seller) should set the price as high as you can, while selling all stock. If you set your price lower, you're loosing potential income
- dwiel 8y ago
  Sometimes people have interests other than or in addition to maximizing revenue.
  - thecatspaw 8y ago
    Sure. Ticket master though?
    - jtmcmc 8y ago
      that's what makes this so shitty - promoters are setting the prices initially and ticketmaster is trying to remove their choice by removing all the stock and reselling it at the maximum possible price
F_r_k 8y ago
The alternative is what ? Someone buys them all and it's the same all over again ? Or you put some safeties in place and only the fastest ones can have a ticket
- dbbk 8y ago
  Well, I think the alternative is the fan-to-fan resale service Ticketmaster is already preparing to launch (in the UK at least) https://www.ticketmaster.co.uk/ticketmaster-resale https://www.ticketmaster.co.uk/ticketmaster-resale
cwkoss 8y ago
Use some of the extra funds to give away some free seats to fans.
- cwkoss 8y ago
  I think identifying which fans are worthy of free seats is a very hard problem - particularly if using an online system.
paulcole 8y ago
Who's saying this about Tesla cars or other luxury goods?
anon12341234 8y ago
That's already the case you inbred hick.
x220 8y ago
It would make the artists (and venues) more money, meaning that they could make more concerts and seats.

So only rich people should be allowed to see major artists in concert?

by dbbk 8y ago

So only rich people should be allowed to see major artists in concert?

I mean artists are free to reserve discounted tickets for fans and sell them fcfs but they would be intentionally losing money by doing so. Sometimes this is a good choice because you don't want to make your fans mad. It's just a system where people are incented to pay the most they're willing to. Pay before your price and you lose money, pay after your price and you risk the show being sold out.

onion2k 8y ago
Except it wouldn't be intentionally losing money. Long term fans are what make a band the most money - they buy tickets and merch, and albums (games, movies, etc). By cashing in on big gigs and maximizing the sales for those tickets an artist would potentially be giving up a lot more long tail revenue, and possibly killing their fan base altogether. Maximizing long term profitability is often not the same as maximizing short term revenue.
- saosebastiao 8y ago
  There's an easy way to charge market prices and have them be lower. You can raise supply by playing more shows. And if a band values its long term fans, they should have an interest in getting as many people into their shows as possible. Just stay an extra night or two and play another show.

thecatspaw 8y ago

No. Rich people can allready afford a scalpers price, and dont really care if their tickets are 500 dollars or not. In capitalism, high demand and limited stock means that you (as a seller) should set the price as high as you can, while selling all stock. If you set your price lower, you're loosing potential income

dwiel 8y ago
Sometimes people have interests other than or in addition to maximizing revenue.
- thecatspaw 8y ago
  Sure. Ticket master though?
  - jtmcmc 8y ago
    that's what makes this so shitty - promoters are setting the prices initially and ticketmaster is trying to remove their choice by removing all the stock and reselling it at the maximum possible price

F_r_k 8y ago

The alternative is what ? Someone buys them all and it's the same all over again ? Or you put some safeties in place and only the fastest ones can have a ticket

dbbk 8y ago
Well, I think the alternative is the fan-to-fan resale service Ticketmaster is already preparing to launch (in the UK at least) https://www.ticketmaster.co.uk/ticketmaster-resale https://www.ticketmaster.co.uk/ticketmaster-resale

cwkoss 8y ago

Use some of the extra funds to give away some free seats to fans.

cwkoss 8y ago
I think identifying which fans are worthy of free seats is a very hard problem - particularly if using an online system.

paulcole 8y ago

Who's saying this about Tesla cars or other luxury goods?

anon12341234 8y ago

That's already the case you inbred hick.

x220 8y ago

It would make the artists (and venues) more money, meaning that they could make more concerts and seats.