6 ms·
> There is a subset of people who hate them. I'm curious about that, because everyone I know that has had to pay the Ticketmaster tax hates them. Many artists
by metamet 6y ago
> There is a subset of people who hate them.
I'm curious about that, because everyone I know that has had to pay the Ticketmaster tax hates them. Many artists are vocal about their hate as well.
I assume there's a reason venues continue to use them exclusively, which makes me think Ticketmaster's grasp on the industry is fragile enough that it'll break once there's enough momentum behind an alternative.
- dminvs 6y agoThe reason: Live Nation, owner/operator of many large venues in the US, owns Ticketmaster since 2010
- twoodfin 6y agoTicketmaster acts as a flak shield for the venues and artists. Live Nation, the parent company of Ticketmaster, had operating income of $325M on $11.5B in revenue in 2019[1]. That’s less than 3% margin. Most of the “Ticketmaster Tax” is going to the artist or venue, who get to offload any displeasure onto a convenient third party for a small fee. [1] https://www.livenationentertainment.com/2020/02/live-nation-entertainment-reports-fourth-quarter-full-year-2019-results/ https://www.livenationentertainment.com/2020/02/live-nation-...