3 ms·

I feel like you are not rebutting the points made in the video but instead making a comment that is at best tangential and at worst promoting a narrow ideologic

I feel like you are not rebutting the points made in the video but instead making a comment that is at best tangential and at worst promoting a narrow ideological belief which rejects the existence of monopoly power. To start with, who are you quoting with "too expensive"? Second, your analysis does not explain why it is cheaper to fly to Europe to see Taylor Swift on the same tour as in the US. https://apnews.com/article/taylor-swift-europe-eras-tour-fans-bcf8a207f06fd1f3e17a2f3f3b24dab5 https://apnews.com/article/taylor-swift-europe-eras-tour-fan... attributes the cost difference due to "restrictions on ticket fees and resales", rather easy of purchasing. Just like in the video.

mytailorisrich 2y ago
I am not trying to rebute anything or to be argumentative so I don't really get your somewhat aggressive tone. Ultimately concerts and events tickets are optional leisure/luxury items and, as I mentioned, we can argue all we want about bad monopolies but as long as the tickets sell it means the price is fine, so why would they be cheaper? It's not an ideological belief about anything or a rejection of anything. This is a natural monopoly anyway. There are no competing Taylor Swift concerts for instance and, at least for popular events the number of available tickets is going to be smaller than the number of people interested and the basic law of supply and demand applies. When we see how prices often still massively inflate on resale it seems to me that official prices could often still be higher if they wanted to but it then becomes a PR issue. We've recently seen that here in the UK with dynamic pricing for tickets to the Oasis reunion. Perhaps they are simply getting more effective, and with fewer qualms, at extracting the best prices possible.
- dastbe 2y ago
  whiles taylor swift has a natural monopoly on taylor swift, you can always have more venues. and each of those venues could compete on price/margin to court taylor swift and all of the other artists. and for venues that want to compete, there could exist alternative platforms that also compete on price/features. this all could lower prices AND put more money in the artist and venues pockets. ticketmaster ensures this doesn’t happen by controlling the market, so venues that don’t use them get locked out from artists and artists who don’t play ticketmaster only venues get locked out from too much of their audience.
- eesmith 2y ago
  Because it's become increasingly clear you aren't actually engaging in the video but have your own axe to grind. The monopoly power discussed was about control over venues and artists, which you seem to completely ignore, to talk about ticket pricing.

mytailorisrich 2y ago

I am not trying to rebute anything or to be argumentative so I don't really get your somewhat aggressive tone. Ultimately concerts and events tickets are optional leisure/luxury items and, as I mentioned, we can argue all we want about bad monopolies but as long as the tickets sell it means the price is fine, so why would they be cheaper? It's not an ideological belief about anything or a rejection of anything. This is a natural monopoly anyway. There are no competing Taylor Swift concerts for instance and, at least for popular events the number of available tickets is going to be smaller than the number of people interested and the basic law of supply and demand applies. When we see how prices often still massively inflate on resale it seems to me that official prices could often still be higher if they wanted to but it then becomes a PR issue. We've recently seen that here in the UK with dynamic pricing for tickets to the Oasis reunion. Perhaps they are simply getting more effective, and with fewer qualms, at extracting the best prices possible.

dastbe 2y ago
whiles taylor swift has a natural monopoly on taylor swift, you can always have more venues. and each of those venues could compete on price/margin to court taylor swift and all of the other artists. and for venues that want to compete, there could exist alternative platforms that also compete on price/features. this all could lower prices AND put more money in the artist and venues pockets. ticketmaster ensures this doesn’t happen by controlling the market, so venues that don’t use them get locked out from artists and artists who don’t play ticketmaster only venues get locked out from too much of their audience.
eesmith 2y ago
Because it's become increasingly clear you aren't actually engaging in the video but have your own axe to grind. The monopoly power discussed was about control over venues and artists, which you seem to completely ignore, to talk about ticket pricing.