Ticketmaster finally gonna get its comeuppance?

I berkeleying hope so.  Hate them berkers

https://www.ticketnews.com/2024/03/pascrell-shares-explosive-ticketmaster-report-alleging-abuses/

Longtime Ticketmaster/Live Nation critic Rep. Bill Pascrell (D-NJ) has shared an “explosive” previously suppressed study of the entertainment giant’s business practices, originally filed as part of a lawsuit against Live Nation in 2019. The report, Pascrell says, details “rampant corrupt and abusive practices by the Live Nation-Ticketmaster monopoly.”

The report lays out in detail allegations of anti-competitive business practices used by the entertainment giant for more than a decade, according to Rep. Pascrell’s office. It has been shared with the Senate Permanent Subcommittee on Investigations, which has been investigating Live Nation Entertainment’s business practices and recently filed a subpoena demanding documents from the company. It was also shared with the Federal Trade Commission, Justice Department Antitrust Division, and the House Energy and Commerce Committee.

Steve_Jones said:

Why do hope for everything to fail? That's gotta be a miserable way to live. 80% of your posts are hoping someone or something fails. Why?

 

Brother, I'm not gonna respond to a blatant troll.  You don't like me, don't read my posts.  Keep bothering me I'll take it up with someone higher up. 

Meantime, go look up Ticketmaster and the bullE36 M3 they pull.

I certainly hope so!

Some reform would be nice so ticket prices would affordable to average fan again. 

We typically are only able to tickets we want because of presale codes from my CC. 

In reply to Steve_Jones :

Monopolies are bad and go against the free market.  Ticketmaster could be the textbook example taught in university. 

Concerts cost way too much for me the spend the money to see someone play music. 

Ticketmaster feeds off the people who do have a need to see live music. 

I think its called "supply and demand" setting the prices.

In reply to Steve_Jones :

Those are resale sites, but Ticketmaster is the original vendor. The tickets purchased on Seat Geek, StubHub, etc. were originally purchased through Ticketmaster and then resold (scalped) through other sites.

LiveNation (same company) has an effective monopoly on booking acts.

Steve_Jones said:

In reply to Flynlow :

I've used tick pick, seat geek, stub hub, etc. over the last few years, I figured Ticketmaster didn't have much of a hold on the market anymore. 

There is a substantial chance that Ticketmaster owns the venue you last went to see live music. 

I predict a tiny fine (2-3 days worth of profits for Ticketmaster) and then business as usual

Ticketmaster sucks, but my impression is that a big part of the reason that concerts cost so much is because it's become so difficult to monetize recordings to a significant amount.

I predict a class action lawsuit or they will reach a settlement. The millions of people they ripped off will get a check for $2.17. The lawyers will make millions.

Mr_Asa said:

Steve_Jones said:

Why do hope for everything to fail? That's gotta be a miserable way to live. 80% of your posts are hoping someone or something fails. Why?

 

Brother, I'm not gonna respond to a blatant troll.  You don't like me, don't read my posts.  Keep bothering me I'll take it up with someone higher up. 

Meantime, go look up Ticketmaster and the bullE36 M3 they pull.

It's not a matter of liking you, I'd bet we could enjoy a beer together. It's more of why look at life through a negative lens? What's the advantage? As I said, gotta suck to live that way. 
 

If trying to suggest a little positivity might help is "bothering you" take it as high as you need to, I'm a big boy. 

Kreb (Forum Supporter) said:

Ticketmaster sucks, but my impression is that a big part of the reason that concerts cost so much is because it's become so difficult to monetize recordings to a significant amount.

If that were the case, you wouldn't see recording artists angry at Ticketmaster, too.

Controlling a monopoly on performing venues doesn't benefit the artists, either.

Steve_Jones said:

It's more of why look at life through a negative lens?

I took this thread and the news reported as positive sentiments. If Ticketmaster actually gets held accountable and forced to hault its monopolistic practices, it would almost certainly result in more live music opportunities at lower prices.

You are choosing to interpret the OP statement in a negative lens.

Here is the way the monopoly works and why it's a problem, as I understand it. (My understanding is definitely incompletely and flawed.)

...

We are talking about Ticketmaster, but it's really Live Nation/Ticketmaster (Live Nation Entertainment). Two merged corporations. Ticketmaster sells tickets, so that's who people see and interact directly with. Live Nation does entertainment act booking events.

So if an artist is booked by Live Nation, all tickets will be sold through Ticketmaster.

If you are an artist, and you want to perform at Live Nation concert venues, they can require you to do all of your event booking through Live Nation (and thus sell all your tickets through Ticketmaster).

If you are an independent venue, and you want to book an act who's being booked by Live Nation, you can only book them through Live Nation. All tickets will be sold through Ticketmaster. They can also require you to book other acts that they select. All their tickets will also be sold through Ticketmaster.

This monopoly means that artists are strong armed into going through Live Nation, venues are forced to book Live Nation acts through Live Nation. You as the consumer only have the option of getting tickets to these events that were originally sold by Ticketmaster.

I passed on the Samantha Fish concert here recently because the ticket was cheap, $45 I think, but the fees were another $35! berkeley that. I think the fees were the standard "convenience fee" and some bs "venue fee". This is why people are flocking to festivals to see bands anymore vs individual performances IMO. If fees where more inline with some kind of reality, people wouldn't bitch as much.

Ticket master is why I haven't purchased a concert ticket in 15 years.  

The big show sells out in 4 minutes, but the next day you can buy all the tickets you want in a "package" that only costs twice as much. 

"But everyone has an equal chance of getting a ticket."  BullE36 M3.  If that were true, your wholly owned subsidiary wouldn't have half of the tickets.

berkeley'em.

Somebody's boot licking for giant corporations 

Steve_Jones said:

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Why do you hope for everything to fail? That's gotta be a miserable way to live. 80% of your posts are hoping someone or something fails. Why?

 

 

You apparently read MUCH different posts than I do. 

stanger_mussle (Supported by GRM undergarments) said:

I predict a class action lawsuit or they will reach a settlement. The millions of people they ripped off will get a check for $2.17. The lawyers will make millions.

 

 

Sadly, you are probably right. 

Kreb (Forum Supporter) said:

Ticketmaster sucks, but my impression is that a big part of the reason that concerts cost so much is because it's become so difficult to monetize recordings to a significant amount.

I used to see big venues for $25.00, with Ticketmaster charge of $2. 
I clearly remember with both got stupid, and it was YEARS before your suggestion had even started making an impact. 

In reply to 03Panther :

On the flip side, I remember going down to the weird ticket outlet downtown, waiting in line for hours, and getting whatever seats they handed you at your price point, if they had any and sold enough tickets to get a decent block.

I will gladly wait a year or two and then watch those live video concerts for free on YouTube on my wide screen TV with the world's greatest $1500 stereo.