this post was submitted on 23 Nov 2023
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Feds subpoena Ticketmaster over egregious concert ticket prices — A spokesperson for Live Nation, which owns Ticketmaster, said the firm doesn't “feel comfortable” sharing information with Congress::A spokesperson for Live Nation, which owns Ticketmaster, said the firm doesn't “feel comfortable” sharing information with Congress.

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[–] Nurse_Robot@lemmy.world 192 points 1 year ago* (last edited 1 year ago) (17 children)

I don't feel comfortable with them essentially operating a monopoly that both consumers and artists detest. I don't feel comfortable with paying exorbitant meaningless fees if I ever want to experience a live event. It's never mattered what I'm comfortable with, I've always gotten fucked. I don't care how uncomfortable they are, I hope they get absolutely destroyed by legal fees and go bankrupt.

[–] cooopsspace@infosec.pub 31 points 1 year ago* (last edited 1 year ago) (5 children)

Not to mention they own a secondary ticket market and makes a lot of money off scalping being a thing.

[–] givesomefucks@lemmy.world 23 points 1 year ago (4 children)

Pretty sure they've gotten in trouble reserving seats for scalpers. They called them "premium buyers" or something because they bought an insane amount of tickets, more than any person could reasonably use.

TM still takes their cut when an original is bought. But then they take another when it's resold on their platform again. They make more money the more times a ticket gets resold.

[–] dogebread@lemm.ee 14 points 1 year ago

I was watching this happen day of for a show in Montreal just recently. There were few seats available for weeks leading up to the show with resale tickets around 200 to 300 CAD a piece, then day of big chunks of non resale seats came available for a fraction of that.

Artificial scarcity. Total and complete scam.

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