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The average ticket price for one of the top concert tours reached $122.84 last year, up from $91.86 in 2019, according to the live music trade publication Pollstar. Some fans pay considerably more ...
“Ticket prices have nothing to do with Ticketmaster,” Lefsetz wrote, adding: “If you think any change is going to trickle down to the consumer, you’re delusional.” ...
The DOJ wants to break up Live Nation and Ticketmaster, citing exorbitant ticket prices for concerts. But would splitting up the two giants deliver the desired outcome?
Ticketmaster "may earn a profit on the order processing fee". As the Los Angeles Times has explained, "the 'service fee' is intentionally kept separate from the list price for two reasons: to make the base price of a ticket appear more affordable, and to create the impression that only Ticketmaster pockets that fee."
Ticketmaster was the subject of several controversies, such as anti-competition claims, deceitful relationships with scalpers, data breach, deceptive pricing, and dynamic pricing. According to consumer organizations , Ticketmaster and Live Nation control over 70% of the primary ticketing and live event venues market. [14]
Ticket prices have gone up for multiple reasons, including a huge surge in demand after the COVID-19 pandemic. Live Nation reported last month that worldwide ticket sales for the top 100 tours in ...
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