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Ticketmaster's parent company is Live Nation which owns some concert venues and also manages concert tours. In both those capacities they do sometimes collect a
by tssva 6y ago
Ticketmaster's parent company is Live Nation which owns some concert venues and also manages concert tours. In both those capacities they do sometimes collect a percentage of concessions sold.
- starfallg 6y agoBut that's only if they own/operate the venue. And there is commercial separation between the ticketing service and venue. So it's like you use Google Firebase as the backend for your app and they take a cut under that agreement, as opposed to the Play Store agreement.
- parasubvert 6y agoTicketmaster often negotiates exclusivity rights to venues. Meaning you can’t use a different ticket selling service for that venue. There was an attempt to argue they were a monopoly that should be regulated due to the % of the ticket they retained (Pearl Jam spearheaded this in the 90s). It didn’t work. Also I see nothing wrong as a business model with the Firebase analogy. If you could convince customers to go for it, then why not? Will the business model police arrest you? What I don’t get about these arguments is that they’re trying to get the government to punish a couple of companies that built a very successful business model purely because others want some of that dough. This isn’t about monopoly by any historical definition, it’s about sour grapes.