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Ticketmaster’s Exclusive Deals Are ‘the Cornerstone of Live Nation’s Monopoly,’ AEG Chief Jay Marciano Says in Internal Memo
Only by adding the ticket to their cart, signing in to Ticketmaster, and then proceeding with the purchase would they see the total climb to $48.25, due to “service fees.”
What does the Ticketmaster, Live Nation lawsuit say? With more than 265 concert venues in North America, the lawsuit says Live Nation controls roughly 60% of concert promotions at major concert ...
Ticketmaster is subject to numerous controversies and lawsuits, alleging violations of various laws. The platform charges a fee on tickets purchased and resold on the platform. The fees from ticket sales can account for a large percentage of overall ticket costs and have received scrutiny from regulators, customers, and musicians.
On July 24, 2022, Ticketmaster issued a response defending their controversial "dynamic pricing" plan, saying that 88.2% of tickets were sold at fixed prices that ranged from $59.50 to $399 before added service fees and that the average price of all tickets sold so far is $262, with 56% being sold for under $200 face value.
Tour promoters (also known as concert promoters or talent buyers) are the individuals or companies responsible for organizing a live concert tour or special event performance. The tour promoter makes an offer of engagement to a particular artist, usually through the artist's agent or music manager. The promoter and agent then negotiate the live ...
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