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FTC Sues TM/Livenation
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Last: 2 days ago by javajaws
Good.
what he said
I hope their stock tanks and all the resellers go out of business (not likely but we can hope). The ticketing industry is an abomination and deserves to be knocked down a few notches.
I'm sort of amazed technology hasn't made these corrupt practices obsolete yet - probably because of existing monopolies that won't let it happen.
I'm sort of amazed technology hasn't made these corrupt practices obsolete yet - probably because of existing monopolies that won't let it happen.
Good.
javajaws said:
I'm sort of amazed technology hasn't made these corrupt practices obsolete yet - probably because of existing monopolies that won't let it happen.
Technology has just made the problem worse. It used to be that the scalper had to go wait in line like everyone else. Then they had to stand out in front of the stadium and find people to buy the tickets. Now they just make an exclusive deal with the stadium and then charge a "service fee."
I think you guys are going to be really surprised if they pull the curtain back at how much your favorite artist/team is just as happy to gouge you to the eyeballs.
What this suit shows you is that every single entity in the food chain has their hand in your wallet and the same amount of money is going to be extracted.
If people have shown they are willing to pay $100 for a ticket, then that ticket is going to be $100. Such is the capitalist dystopia we call America.
What this suit shows you is that every single entity in the food chain has their hand in your wallet and the same amount of money is going to be extracted.
If people have shown they are willing to pay $100 for a ticket, then that ticket is going to be $100. Such is the capitalist dystopia we call America.
Proposition Joe said:
I think you guys are going to be really surprised if they pull the curtain back at how much your favorite artist/team is just as happy to gouge you to the eyeballs.
What this suit shows you is that every single entity in the food chain has their hand in your wallet and the same amount of money is going to be extracted.
If people have shown they are willing to pay $100 for a ticket, then that ticket is going to be $100. Such is the capitalist dystopia we call America.
If I am going to be gouged, my $ should at least go to the talent I'm paying to see. To a certain extent I understand that artists no longer make significant money on album sales and depend on concerts. I just hate scalpers and the middleman monopoly markup.
Proposition Joe said:
If people have shown they are willing to pay $100 for a ticket, then that ticket is going to be $100. Such is the capitalist dystopia we call America.
Part of the problem, I think, is that they don't lower the ticket price if no one is buying them. There have been many times I've thought about a concert, but it's $200 for the nosebleed. The you check the seating map and see it's only half full. I don't know the economics, but it seems like it must be more profitable for Ticketmaster to only get a small number of people to pay top dollar, than a lot of people to pay a smaller price. That might be better for the business, but it's worse for the consumer.
It also isn't really a fair market when Ticketmaster makes exclusive deals with venues. Sure, in theory, an artist could find a different venue to play at. In reality, though, there aren't many venues that can host 10,000 people, and Ticketmaster has deals with them all.
Pearl Jam tried to play non-TM venues back in the day.
They finally gave up.
They finally gave up.
Nice. I'm looking forward to the $35 voucher for shows on a Tuesday night I'll be getting an email about in five years.
Mega Lops said:
Nice. I'm looking forward to the $35 voucher for shows on a Tuesday night I'll be getting an email about in five years.
Sorry - there's a $5 shipping fee, a $3 handling fee, and a $2 processing fee that will be applied to all vouchers as a result of this settlement. Those are today's prices though, subject to increase by the time they get around to sending your check.
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