Ticketmaster 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 reve

Ticketmaster 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-...