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>less of the money end up in the hands of middlemen This is the deceit of the whole system though. This system isn't just about "middlemen" extracting value. T

>less of the money end up in the hands of middlemen This is the deceit of the whole system though. This system isn't just about "middlemen" extracting value. The _artists themselves_ directly profit from the multi-tier selling system. A performer like Bieber or Adelle is actually directly selling large blocks of premium seats directly to ticket brokers ("scalpers") _at a premium over face value already_.

kbenson 8y ago
I think there's less of that happening, and more of either agents on behalf of the artists are selling directly on the exchanges, or there's a profit sharing agreement with select brokers. Whether there's a difference between those two things is up to you to decide. But yes, often large chunks of inventory seem to never become available on the primary market, for whatever the reason.
- Benjammer 8y ago
  >either agents on behalf of the artists are selling directly on the exchanges, or there's a profit sharing agreement with select brokers This is just mental gymnastics to absolve performers of economic responsibility for the market in which _they_ are the source of all value in play. The artists are directly complicit because they want to get famous and make the big bucks. The ones who don't play that game are the bands you might see touring local venues and working out a $10-$20 cover charge with the bar they play at. >often large chunks of inventory seem to never become available on the primary market, for whatever the reason I worked at a secondary ticket marketplace company and I am trying to explain to you what is _actually happening_ in the real world every day in this industry, from my direct experience. I'm not hypothesizing here... Edit: can't reply to you again, but I think we're on the same page :)
  - kbenson 8y ago
    > This is just mental gymnastics to absolve performers of economic responsibility I'm fully putting blame on the artists for this behavior. I'm just wording it slightly differently because I think it's less of a "broker approaches artist with a good deal" situation than a "artist decides they want to have their cake and eat it too and quietly sell on the secondary market for more money." That's not definitive though, I'm sure there have been plenty of brokers that have approached everyone in the entertainment industry in the past. > I worked at a secondary ticket marketplace company and I am trying to explain to you what is _actually happening_ in the real world every day in this industry, from my direct experience. I'm not hypothesizing here... I work in it currently, and have for years. Everyone in the industry believes that, but few will outright say they have access to that definitively (for obvious reasons). If you have direct knowledge that it was happening at your company or direct knowledge of another company doing so, I'm happy to have confirmation. I just didn't want to be overly assertive about something I didn't know as fact, and wanted to express what I saw as the general industry consensus ("it happens, there's no proof"). :)

kbenson 8y ago

I think there's less of that happening, and more of either agents on behalf of the artists are selling directly on the exchanges, or there's a profit sharing agreement with select brokers. Whether there's a difference between those two things is up to you to decide. But yes, often large chunks of inventory seem to never become available on the primary market, for whatever the reason.

Benjammer 8y ago
>either agents on behalf of the artists are selling directly on the exchanges, or there's a profit sharing agreement with select brokers This is just mental gymnastics to absolve performers of economic responsibility for the market in which _they_ are the source of all value in play. The artists are directly complicit because they want to get famous and make the big bucks. The ones who don't play that game are the bands you might see touring local venues and working out a $10-$20 cover charge with the bar they play at. >often large chunks of inventory seem to never become available on the primary market, for whatever the reason I worked at a secondary ticket marketplace company and I am trying to explain to you what is _actually happening_ in the real world every day in this industry, from my direct experience. I'm not hypothesizing here... Edit: can't reply to you again, but I think we're on the same page :)
- kbenson 8y ago
  > This is just mental gymnastics to absolve performers of economic responsibility I'm fully putting blame on the artists for this behavior. I'm just wording it slightly differently because I think it's less of a "broker approaches artist with a good deal" situation than a "artist decides they want to have their cake and eat it too and quietly sell on the secondary market for more money." That's not definitive though, I'm sure there have been plenty of brokers that have approached everyone in the entertainment industry in the past. > I worked at a secondary ticket marketplace company and I am trying to explain to you what is _actually happening_ in the real world every day in this industry, from my direct experience. I'm not hypothesizing here... I work in it currently, and have for years. Everyone in the industry believes that, but few will outright say they have access to that definitively (for obvious reasons). If you have direct knowledge that it was happening at your company or direct knowledge of another company doing so, I'm happy to have confirmation. I just didn't want to be overly assertive about something I didn't know as fact, and wanted to express what I saw as the general industry consensus ("it happens, there's no proof"). :)