3 ms·
> extra profits generated by dynamic pricing are going to ticketmaster rather than to artists. Yeah I don’t think that’s true? My understanding is that even a
by forrestthewoods 4y ago
> extra profits generated by dynamic pricing are going to ticketmaster rather than to artists.
Yeah I don’t think that’s true?
My understanding is that even a portion of the “service fee” TM charges also goes to the artists.
One of the most important services that TM provides is they are a scape goat. Artists can charge crazy high prices and TM takes the blame. They’re willing to be the bad guy.
- ipaddr 4y agoNot entirely true and mostly untrue. A few artists can demand a piece but only a handful.
- forrestthewoods 4y agoI do not believe you are correct. The money is split between Ticketmaster, venue, promoter, and artist. Can you provide any numbers of any kind? I certainly can’t find specifics. So it’s no evidence versus no evidence. I know TM has a near monopoly. But I personally think they have that monopoly because they’re willing to be the bad guy everyone blames for high ticket prices. I think logic dictates that artists would not opt-in to dynamic pricing, and yes it is optional, unless they see upside. LiveNations quarterly earnings states: “With market-based pricing being widely adopted by most tours, we expect to shift over $500M from the secondary market to artists this year”. It’s hard to tell what percentage that is.