3 ms·

I don't see any reason why platform and artists are alright with tickets reselling, it's madness to me that no artists "consortium" has demanded a change alread

by h1fra 3y ago

I don't see any reason why platform and artists are alright with tickets reselling, it's madness to me that no artists "consortium" has demanded a change already. In France, a famous youtuber has partnered with the major platform to forbid any ticket resell for their show, and it worked pretty well. But still it was only one time.

hedora 3y ago
In the US, the ticket selling platform (tickemaster) and the venue (live nation) are usually the same company. The sale is set up so that ticket resale is forbidden, except that scalpers can resell them via ticketmaster. Ticketmaster gets to charge a second transaction fee when the scalper resells it. Artists don’t have enough market leverage to bypass this. (Pearl Jam famously tried and failed at the top of their career.) So, it’s a combination of auction fraud (building a platform for scalpers while pretending to enforce anti-scalper policies) and monopoly power (colluding with venues and probably agents to depress first-sale ticket prices). I tried to figure out if ticketmaster also owns and operates the scalping companies (allowing two-sided auction fraud). I came up with a firm “maybe”.