3 ms·
According to this, as 'primary', Ticketmaster typically holds the money until after the show which puts them in a better position than Stubhub... "Here’s how t
by hnburnsy 7y ago
According to this, as 'primary', Ticketmaster typically holds the money until after the show which puts them in a better position than Stubhub...
"Here’s how the money works in concerts:
...
Meanwhile, the “primary” ticketing companies associated with the venues the artist will play sell tickets over several days of presales (artist password, credit card, Facebook or Spotify password, venue or radio station password) during which, hopefully, many of the tickets are sold. Finally, the remaining tickets are released to the general public sale. With luck the show sold out. With a lot of luck, demand was so high that dynamic pricing kicked in, and the ticket prices were moved up continuously over the course of the days tickets were sold. In almost every case, the primary market charges a fee on every ticket sold. Typically primary markets don’t pay the artist until the show is played, the money raised from selling the tickets is held."
https://www.ticketnews.com/2020/04/opinion-stubhubs-urgent-peril-and-the-industry-response/ https://www.ticketnews.com/2020/04/opinion-stubhubs-urgent-p...