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You're really missing the point. The issue here isn't that top artists can't sell their tickets at a high price. It's that venues have exclusivity deals w/ tic

You're really missing the point. The issue here isn't that top artists can't sell their tickets at a high price. It's that venues have exclusivity deals w/ ticketmaster/livenation and ticketmaster/livenation ultimately charge outrageous fees to consumers no matter what. Then often their own reselling arm is involved in the scalping behavior. The artists aren't reaping these fees. Ticketmaster/livenation is capturing the entirety of the profit and artists don't really have a choice in using a different ticketing vendor in most cases (since it's common for every major venue in a city to have strong-armed exclusivity contracts w/ ticketmaster/livenation).

Aloisius 2y ago
> ultimately charge outrageous fees to consumers By and large, it is the venues and promoters that set large fees. The reason they like TM is because TM will take the blame for charging those fees when in reality, they're kicked back. Of course, the problem is that in many cases now, Live Nation owns the venues and acts as the promoters, so those kickbacks started going, ultimately, to the company charging them.
lbwtaylor 2y ago
>>The artists aren't reaping these fees This is not true. The fees are just there to mask the cost of the ticket: >>According to Ticketmaster, the fees are determined “in collaboration” with its clients, all of whom receive a cut from the charges. https://www.nbclosangeles.com/news/national-international/how-concert-tickets-got-so-expensive-and-who-all-those-fees-benefit/2865851/ https://www.nbclosangeles.com/news/national-international/ho...