Ticketmaster has been pissing on the FTC for 30 years.
I'm not crossing my fingers for much, but anything they do at this point would be awesome.
I'm not crossing my fingers for much, but anything they do at this point would be awesome.
The important part is, anti-competitive behaviour leads to higher prices and lower levels of innovation.
Ultimately it harms more musicians/labels than it benefits. Especially in the long run.
This shows that monopolies not only harm their own markets but plenty of sub-markets as well.
The influence successful companies have on gov policy-making is one of the best arguments against ever more specialized gov intervention in markets. The best solution is gov policy that shuts down anti-competitive behaviour full-stop.
Not creating specialized 200+ page bills that can be exploited by the big players (see how Dodd-Frank resulted in only 5 mega-banks controlling a market while tons of small/medium banks shut down due to their unrealistic requirements) - which is often what's pushed both by politicians and inadvertently by the public who buy into false narratives about punishing corporate greed.
I will sell tickets for your band/venue at whatever price you want, declare x% of the price a "fee," and give most of the fee back to you. I'll happily be the punching bag, but it won't work. Your fans will be upset with you, not me, for choosing a podunk, unheard of ticket seller that charges egregious fees.
The only reason why your band is going to choose Ticketmaster over my is because Ticketmaster already controls the market.
It’s a great racket if you can get it setup. Encore and hotels have a similar one.