> 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.
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.
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.