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Great article on TM, Live Nation and the Ticket Industry

hopethatuchokehopethatuchoke Posts: 2,927
edited August 2009 in The Porch
http://www.philadelphiaweekly.com/news- ... 1&showAll=


Good read here. We are already screwed in regards to ticket prices but it's going to get much worse if the merger is allowed to happen.
Post edited by Unknown User on

Comments

  • Dr. DelightDr. Delight Posts: 11,210
    I find it amazing that LiveNation is losing money!
    And so you see, I have come to doubt
    All that I once held as true
    I stand alone without beliefs
    The only truth I know is you.
  • Jeff MurrayJeff Murray Posts: 1,259
    Dr. Delight wrote:
    I find it amazing that LiveNation is losing money!

    It's because they are over paying the artists with those outrageous 360 deals. And now we have to pay the price with higher fees. Hopefully this does not pass through the anti-trust segment of the judiciary system.

    My belief is that in the near future all tickets will only be available by auction. They already do it for charity, what's stopping them from doing it for profit. This will cut down on the secondary market but kill the modest consumer.

    Very good article though, thanks for sharing.
    If there were no Angels would there be no sin?
  • WildsWilds Posts: 4,329
    Jeff Murray wrote:
    Dr. Delight wrote:
    I find it amazing that LiveNation is losing money!

    It's because they are over paying the artists with those outrageous 360 deals. And now we have to pay the price with higher fees. Hopefully this does not pass through the anti-trust segment of the judiciary system.

    My belief is that in the near future all tickets will only be available by auction. They already do it for charity, what's stopping them from doing it for profit. This will cut down on the secondary market but kill the modest consumer.

    Very good article though, thanks for sharing.

    It would suck in general, but I don't see a problem with an auction.

    I mean tickets will go for market value. The artist will reap the benefit.

    And although it will bad to be stuck in the back rows, perhaps those tickets will be much cheaper?

    Eliminating the ticket scalpers would be great. Now if we could eliminate the biggest scalpers of them all (ticketmaster and Live nation) that would be even better.........
  • moozeekfanmoozeekfan Posts: 195
    The consumer will always determine whether or not these mergers succeed. The problem right now is that the big arena shows aren't selling out, or getting anywhere close. There's a great piece on how the last-mnute ticket buyers are scooping up tix for shows like Springsteen and Coldplay for $1 because there's no demand due to the outrageously high prices.

    http://www.reuters.com/article/musicNew ... VZ20090730
    Target Center - Jun 30, 1998
    Allstate Arena - Oct 09, 2000
    Xcel Energy Center - Jun 16, 2003
    United Center - Jun 18, 2003
    Fort William Garden - Sep 09, 2005
    Xcel Energy Center - Jun 27, 2006
    United Center - Aug 23, 2009
    Xcel Energy Center - Oct 19, 2014
    Xcel Energy Center - August 31, 2023
    Xcel Energy Center - September 2, 2023
  • mookieblalockmookieblalock Posts: 3,395
    I honestly feel like the ticket business is no different than the stock market/auto industry, etc.. The pendulum can only go so high before it comes back down again.

    I truly believe that people (hopefully) will say enough is enough at a certain point. The people really do have the power if we could only be disciplined to say no to outrageous prices.
  • blondieblue227blondieblue227 Va, USA Posts: 4,509
    mookieblalock wrote:

    I truly believe that people (hopefully) will say enough is enough at a certain point. The people really do have the power if we could only be disciplined to say no to outrageous prices.

    i agree! quit buying tickets people.

    here's another article:
    Inside Ticketmaster's Empire - July 09 Rolling Stone Magazine
    http://www.ivykennedy.com/trash/RS7.09.htm
    *~Pearl Jam will be blasted from speakers until morale improves~*

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