3 ms·

Shameless Plug: It’s still a WIP, and obviously this covid stuff has been hard for us, but my company sellout.io is trying to build a fair alternative that ult

Shameless Plug: It’s still a WIP, and obviously this covid stuff has been hard for us, but my company sellout.io is trying to build a fair alternative that ultimately gives artists the ability to sell tickets directly to fans. Ticketmaster’s rein will end soon.

i_am_nomad 6y ago
That’s always going to be a WIP. If artists want to cut out Ticketmaster, they already can, and sometimes do. Ticketmaster exists solely because artists want to charge lots of money but maintain a warm relationship with their fans.
- funfunfunction 6y ago
  This is not true for artists. 1/3 of all tickets end up on the secondary market, a few of which Ticketmaster owns. This where fans spend a huge amount of money that artists never see. If Ticketmaster is charging a 10% markup in the primary market and a ticket sells for $100, they make $10. If they charge the same percentage in the secondary market (tip: they don’t) they would make $40. That money the artist never has a chance to see. Even though a fan is willing to pay $400, most of it goes to Ticketmaster’s scalpers and Ticketmaster. Ticketmaster is still around because of anti-competitive practices, not because they’re a lightening rod.
anonAndOn 6y ago
You have a compelling offer to Ticketmaster's free money? Those giant stadiums are likely getting million dollar annual upfront payments for signing exclusive multi-year ticketing deals. Not even the mighty Pearl Jam (in their prime, no less) could beat the hated Ticketmaster.[0] [0]https://en.wikipedia.org/wiki/Ticketmaster#History https://en.wikipedia.org/wiki/Ticketmaster#History
- funfunfunction 6y ago
  Yes, make more money over a longer period of time, create a better experience for your customers, and be treated well. Their free money isn’t free, and venues are starting to notice.

3 ms·

Shameless Plug: It’s still a WIP, and obviously this covid stuff has been hard for us, but my company sellout.io is trying to build a fair alternative that ult

by funfunfunction 6y ago

i_am_nomad 6y ago
That’s always going to be a WIP. If artists want to cut out Ticketmaster, they already can, and sometimes do. Ticketmaster exists solely because artists want to charge lots of money but maintain a warm relationship with their fans.
- funfunfunction 6y ago
  This is not true for artists. 1/3 of all tickets end up on the secondary market, a few of which Ticketmaster owns. This where fans spend a huge amount of money that artists never see. If Ticketmaster is charging a 10% markup in the primary market and a ticket sells for $100, they make $10. If they charge the same percentage in the secondary market (tip: they don’t) they would make $40. That money the artist never has a chance to see. Even though a fan is willing to pay $400, most of it goes to Ticketmaster’s scalpers and Ticketmaster. Ticketmaster is still around because of anti-competitive practices, not because they’re a lightening rod.
anonAndOn 6y ago
You have a compelling offer to Ticketmaster's free money? Those giant stadiums are likely getting million dollar annual upfront payments for signing exclusive multi-year ticketing deals. Not even the mighty Pearl Jam (in their prime, no less) could beat the hated Ticketmaster.[0] [0]https://en.wikipedia.org/wiki/Ticketmaster#History https://en.wikipedia.org/wiki/Ticketmaster#History
- funfunfunction 6y ago
  Yes, make more money over a longer period of time, create a better experience for your customers, and be treated well. Their free money isn’t free, and venues are starting to notice.