Ticket prices. This is not for you (the fans).
Comments
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Ok, quick overview of how the concert industry works (in the US):
Live Nation offers bands a set fee to tour, plus a cut of ticket sales. Negotiations go back and forth about how many shows, what venues (Live Nation always pushes for amphitheatre tours, specifically the amphitheatres they own, which is most of them in the US) any restrictions etc. Anything the band demands that differs from the initial LN offer lowers the fee and/or percentage the band gets. So with this PJ tour, there’e very few Live Nation owned venues, which means they get a lower cut of the ticket sales (when playing LN venues LN offers higher % because they’re getting alcohol sales money to offset it). When the band demands a lot of fan club tickets, LN drops their up front fee to compensate. When the band demands limiting the amount of Dynamic Priced tickets (generally called Official Platinum, but in this case PJ Premium), the up front fee gets cut even more. By not allowing transfer of tickets, fee gets cut again. And even by playing Wrigley and Fenway, who don’t use Ticketmaster for ticketing, the fee for the band gets cut even more since Live Nation owns Ticketmaster and wants all ticketing to go through them.
So the band is already leaving a lot of money on the table to play the venues of their choosing and limit the dynamic priced tickets, limiting resale and getting a large amount of tickets for the fan club. The band also has crew to pay, travel expenses, etc, so need to hit a certain financial mark to make the tour worthwhile. So they negotiate all the demands they want with the money they need to bring in, and settle on a pricepoint for tickets. It’s not ideal and i’m sure the band would like to see prices lower, but this is the reality of the concert industry. Whether the same price for the entire venue model is good or not is a whole different story, it does help people lucky enough to get close tickets, but sucks if you’re paying the same price in the nosebleeds.
And their prices aren’t terrible. Red Hot Chili Peppers have $100 LAWN tickets for their amphitheatre tour this summer, anything in the pavilion is over $200 at most shows and there’s a lot of dynamic priced tickets as well.0 -
efroten2 said:bootleg said:My thought is there was likely some negotiation that had to take place to be able to get as many fanclub tickets as possible. Ticketmaster has been trying to wrestle back fan club allotments for the past 20 years. Almost all of the venues are in business with Ticketmaster so you can just say give us every seat or we’ll play somewhere else. It didn’t work out great when they tried that on the No Code tour. So they have to negotiate. TM prob says we will give you this many fan club tix but we want 10% to be PJ premium and so they sign off on it. By all accounts it seems like a ton of the best tix are still going to fan club members.
Now the standard pricing I think could use a little work. Who knows what goes into determining the price but I think they could alleviate some of the issues by having more pricing tiers. A GA ticket should cost more than one on the back of the floor or lower bowl. An upper deck ticket should cost less. So split that into 4 or more tiers. Make GA 250 a ticket, Front lowers 200, back lowers 150, upper deck 100 etc… however the math ends up working out. Let people pick which levels they are comfortable paying up to and whatever level you end up getting in the lotto that’s what you pay. I think a lot of people didn’t pick P2 as an option in the drawing because either 1 they didn’t want to pay almost the same price for an upper deck ticket as a GA ticket or 2 because they just assumed they would find a better ticket in the regular or fan to fan sale and it could become difficult to offload a P2 ticket if the demand wasn’t high enough because you can’t sell for a loss. F2F is a nice option to have but should also be able to let people sell for less than what they paid if the demand for their show isn’t as high as others.
And I totally agree they should start staggering the prices based on seat location. It shouldn't be almost $200 for upper desk AND up front.
100% they make a deal with TM for the fan club seats. But it sure seems like the band has lost some of their leverage, at least in NYC and LA. Either that or they have signed on for the dynamic pricing in those two high demand markets.0 -
SHZA said:Lerxst1992 said:SHZA said:NM70698 said:SHZA said:NM70698 said:Using the ticket master filters, I see no difference between the “Standard” and “PJ Premium” prices. The only difference is seat location. Searching Sacramento and Los Angeles, the cheapest “standard” tickets were uppers for $175 plus fees. All lowers were priced close $500 and up. As best I can tell, the high $400 range is the starting “face value” price for any section were you would actually want to sit. Am I wrong? Did any person buy lower bowl seats for less than $500 per ticket with fees?
You say you don't see a difference but then say you see "standard" for $175 and "premium" for $400+. How is that not a difference between standard and premium pricing?I think the fan club misses the picture the harmful impact of Pearl Jam’s economic policies in whole.
Selling its most valuable products, GA and best seats, at way below FMV is a price control. This drives up prices that are not being controlled
that’s why PJ premium, and stub hub, seat geek, for PJ are so out of line with comparable concerts.Also, guaranteeing a subset of fans this premium product for below cost, drives up demand in their class of consumers as well. Fans are going to see five to ten shows that they normally would not invest in, of prices weren’t under control.
. As these fans will invest in airfare, hotels, etc for additional shows they would normally not see, because they know they are getting something worth $1000 for $180. This drives down supply which ALSO increases prices of the FMV tickets, AKA PJ Premium.True my friend, but it’s a lot more than that .There is a reason more popular bands these days like the Foos, you can buy citi field GA pit for around $350. For Fenway PJ, the prices are much higher for stadium seats. For MSG $575, gets you five rows from the ceiling. Anything lower and it’s approaching $1000 quickly.This isn’t Ticketmaster, this is Pearl Jam.Not only are the upper levels subsidizing the close tickets, but selling GA or the really close seats to seniors for 80% less than fair value drives up the prices for everyone stuck on the outside every tour, and in NY that’s 90% of us. This policy also creates incentive for the seniors to buy more tickets to out of town shows, drawing them to MSG, further driving up prices for most fans looking shock at these prices.
even the face value exchange drives up prices. And the brokers have figured out how to sell tickets. They’ll always find a way.
PJ is meddling with economics, for which they have little experience and the result is prices are astronomical. The only one with clearly higher prices than PJ NY is Taylor. And she is astronomically more popular. Every other act I see on the broker sites is less $$ than PJ
Post edited by Lerxst1992 on0 -
efroten2 said:bootleg said:My thought is there was likely some negotiation that had to take place to be able to get as many fanclub tickets as possible. Ticketmaster has been trying to wrestle back fan club allotments for the past 20 years. Almost all of the venues are in business with Ticketmaster so you can just say give us every seat or we’ll play somewhere else. It didn’t work out great when they tried that on the No Code tour. So they have to negotiate. TM prob says we will give you this many fan club tix but we want 10% to be PJ premium and so they sign off on it. By all accounts it seems like a ton of the best tix are still going to fan club members.
Now the standard pricing I think could use a little work. Who knows what goes into determining the price but I think they could alleviate some of the issues by having more pricing tiers. A GA ticket should cost more than one on the back of the floor or lower bowl. An upper deck ticket should cost less. So split that into 4 or more tiers. Make GA 250 a ticket, Front lowers 200, back lowers 150, upper deck 100 etc… however the math ends up working out. Let people pick which levels they are comfortable paying up to and whatever level you end up getting in the lotto that’s what you pay. I think a lot of people didn’t pick P2 as an option in the drawing because either 1 they didn’t want to pay almost the same price for an upper deck ticket as a GA ticket or 2 because they just assumed they would find a better ticket in the regular or fan to fan sale and it could become difficult to offload a P2 ticket if the demand wasn’t high enough because you can’t sell for a loss. F2F is a nice option to have but should also be able to let people sell for less than what they paid if the demand for their show isn’t as high as others.
And I totally agree they should start staggering the prices based on seat location. It shouldn't be almost $200 for upper desk AND up front.
U2, GnR, and Iron Maiden to name a few. Rage Against the Machine doesn't have a fan club but did everything they could to keep the vast majority of the prices down even if it meant they had to let a small percent go dynamic pricing.
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JD87070 said:Ok, quick overview of how the concert industry works (in the US):
Live Nation offers bands a set fee to tour, plus a cut of ticket sales. Negotiations go back and forth about how many shows, what venues (Live Nation always pushes for amphitheatre tours, specifically the amphitheatres they own, which is most of them in the US) any restrictions etc. Anything the band demands that differs from the initial LN offer lowers the fee and/or percentage the band gets. So with this PJ tour, there’e very few Live Nation owned venues, which means they get a lower cut of the ticket sales (when playing LN venues LN offers higher % because they’re getting alcohol sales money to offset it). When the band demands a lot of fan club tickets, LN drops their up front fee to compensate. When the band demands limiting the amount of Dynamic Priced tickets (generally called Official Platinum, but in this case PJ Premium), the up front fee gets cut even more. By not allowing transfer of tickets, fee gets cut again. And even by playing Wrigley and Fenway, who don’t use Ticketmaster for ticketing, the fee for the band gets cut even more since Live Nation owns Ticketmaster and wants all ticketing to go through them.
So the band is already leaving a lot of money on the table to play the venues of their choosing and limit the dynamic priced tickets, limiting resale and getting a large amount of tickets for the fan club. The band also has crew to pay, travel expenses, etc, so need to hit a certain financial mark to make the tour worthwhile. So they negotiate all the demands they want with the money they need to bring in, and settle on a pricepoint for tickets. It’s not ideal and i’m sure the band would like to see prices lower, but this is the reality of the concert industry. Whether the same price for the entire venue model is good or not is a whole different story, it does help people lucky enough to get close tickets, but sucks if you’re paying the same price in the nosebleeds.
And their prices aren’t terrible. Red Hot Chili Peppers have $100 LAWN tickets for their amphitheatre tour this summer, anything in the pavilion is over $200 at most shows and there’s a lot of dynamic priced tickets as well.Fenway and wrigley are now on Ticketmaster, not sure if LN is the promoter. PJ can likely get a comparable deal on booze and food if they tour non LN venues. But the bolded part is the key, by artificially keeping the majority of prices way below fair value, that explodes the cost to any tickets winding up on the secondary market. And THAT explodes the prices of PJ Premium.And, by offering in effect 80% off to senior members for premium tickets to an unlimited amount of shows, that also limits supply for everyone else. If they were to limit privileges tickets to one or two per year, that would decrease prices on the secondary markets and PJ Premium.
this is the home of the folks who benefit from these policies, and I realize that some benefit is warranted, but allowing an unlimited benefit is having a big impact on PJ Premium and broker sites. PJ is manipulating the economics of their shows, and their broker tickets are far more than comparable rock acts who do not have such an aggressive manipulation of their tickets.0 -
Lerxst1992 said:SHZA said:Lerxst1992 said:SHZA said:NM70698 said:SHZA said:NM70698 said:Using the ticket master filters, I see no difference between the “Standard” and “PJ Premium” prices. The only difference is seat location. Searching Sacramento and Los Angeles, the cheapest “standard” tickets were uppers for $175 plus fees. All lowers were priced close $500 and up. As best I can tell, the high $400 range is the starting “face value” price for any section were you would actually want to sit. Am I wrong? Did any person buy lower bowl seats for less than $500 per ticket with fees?
You say you don't see a difference but then say you see "standard" for $175 and "premium" for $400+. How is that not a difference between standard and premium pricing?I think the fan club misses the picture the harmful impact of Pearl Jam’s economic policies in whole.
Selling its most valuable products, GA and best seats, at way below FMV is a price control. This drives up prices that are not being controlled
that’s why PJ premium, and stub hub, seat geek, for PJ are so out of line with comparable concerts.Also, guaranteeing a subset of fans this premium product for below cost, drives up demand in their class of consumers as well. Fans are going to see five to ten shows that they normally would not invest in, of prices weren’t under control.
. As these fans will invest in airfare, hotels, etc for additional shows they would normally not see, because they know they are getting something worth $1000 for $180. This drives down supply which ALSO increases prices of the FMV tickets, AKA PJ Premium.True my friend, but it’s a lot more than that .There is a reason more popular bands these days like the Foos, you can buy citi field GA pit for around $350. For Fenway PJ, the prices are much higher for stadium seats. For MSG $575, gets you five rows from the ceiling. Anything lower and it’s approaching $1000 quickly.This isn’t Ticketmaster, this is Pearl Jam.Not only are the upper levels subsidizing the close tickets, but selling GA or the really close seats to seniors for 80% less than fair value drives up the prices for everyone stuck on the outside every tour, and in NY that’s 90% of us. This policy also creates incentive for the seniors to buy more tickets to out of town shows, drawing them to MSG, further driving up prices for most fans looking shock at these prices.
even the face value exchange drives up prices. And the brokers have figured out how to sell tickets. They’ll always find a way.
PJ is meddling with economics, for which they have little experience and the result is prices are astronomical. The only one with clearly higher prices than PJ NY is Taylor. And she is astronomically more popular. Every other act I see on the broker sites is less $$ than PJ
It is Ticketmaster. Pearl Jam is not running the dynamic pricing of tickets. It is TM's algorithm calculates the prices for each seat. The band did sign off on it though.0 -
Get_Right said:Lerxst1992 said:SHZA said:Lerxst1992 said:SHZA said:NM70698 said:SHZA said:NM70698 said:Using the ticket master filters, I see no difference between the “Standard” and “PJ Premium” prices. The only difference is seat location. Searching Sacramento and Los Angeles, the cheapest “standard” tickets were uppers for $175 plus fees. All lowers were priced close $500 and up. As best I can tell, the high $400 range is the starting “face value” price for any section were you would actually want to sit. Am I wrong? Did any person buy lower bowl seats for less than $500 per ticket with fees?
You say you don't see a difference but then say you see "standard" for $175 and "premium" for $400+. How is that not a difference between standard and premium pricing?I think the fan club misses the picture the harmful impact of Pearl Jam’s economic policies in whole.
Selling its most valuable products, GA and best seats, at way below FMV is a price control. This drives up prices that are not being controlled
that’s why PJ premium, and stub hub, seat geek, for PJ are so out of line with comparable concerts.Also, guaranteeing a subset of fans this premium product for below cost, drives up demand in their class of consumers as well. Fans are going to see five to ten shows that they normally would not invest in, of prices weren’t under control.
. As these fans will invest in airfare, hotels, etc for additional shows they would normally not see, because they know they are getting something worth $1000 for $180. This drives down supply which ALSO increases prices of the FMV tickets, AKA PJ Premium.True my friend, but it’s a lot more than that .There is a reason more popular bands these days like the Foos, you can buy citi field GA pit for around $350. For Fenway PJ, the prices are much higher for stadium seats. For MSG $575, gets you five rows from the ceiling. Anything lower and it’s approaching $1000 quickly.This isn’t Ticketmaster, this is Pearl Jam.Not only are the upper levels subsidizing the close tickets, but selling GA or the really close seats to seniors for 80% less than fair value drives up the prices for everyone stuck on the outside every tour, and in NY that’s 90% of us. This policy also creates incentive for the seniors to buy more tickets to out of town shows, drawing them to MSG, further driving up prices for most fans looking shock at these prices.
even the face value exchange drives up prices. And the brokers have figured out how to sell tickets. They’ll always find a way.
PJ is meddling with economics, for which they have little experience and the result is prices are astronomical. The only one with clearly higher prices than PJ NY is Taylor. And she is astronomically more popular. Every other act I see on the broker sites is less $$ than PJ
It is Ticketmaster. Pearl Jam is not running the dynamic pricing of tickets. It is TM's algorithm calculates the prices for each seat. The band did sign off on it though.
There are simply not enough tickets for everyone.
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JD87070 said:Ok, quick overview of how the concert industry works (in the US):
Live Nation offers bands a set fee to tour, plus a cut of ticket sales. Negotiations go back and forth about how many shows, what venues0 -
efroten2 said:Get_Right said:Lerxst1992 said:SHZA said:Lerxst1992 said:SHZA said:NM70698 said:SHZA said:NM70698 said:Using the ticket master filters, I see no difference between the “Standard” and “PJ Premium” prices. The only difference is seat location. Searching Sacramento and Los Angeles, the cheapest “standard” tickets were uppers for $175 plus fees. All lowers were priced close $500 and up. As best I can tell, the high $400 range is the starting “face value” price for any section were you would actually want to sit. Am I wrong? Did any person buy lower bowl seats for less than $500 per ticket with fees?
You say you don't see a difference but then say you see "standard" for $175 and "premium" for $400+. How is that not a difference between standard and premium pricing?I think the fan club misses the picture the harmful impact of Pearl Jam’s economic policies in whole.
Selling its most valuable products, GA and best seats, at way below FMV is a price control. This drives up prices that are not being controlled
that’s why PJ premium, and stub hub, seat geek, for PJ are so out of line with comparable concerts.Also, guaranteeing a subset of fans this premium product for below cost, drives up demand in their class of consumers as well. Fans are going to see five to ten shows that they normally would not invest in, of prices weren’t under control.
. As these fans will invest in airfare, hotels, etc for additional shows they would normally not see, because they know they are getting something worth $1000 for $180. This drives down supply which ALSO increases prices of the FMV tickets, AKA PJ Premium.True my friend, but it’s a lot more than that .There is a reason more popular bands these days like the Foos, you can buy citi field GA pit for around $350. For Fenway PJ, the prices are much higher for stadium seats. For MSG $575, gets you five rows from the ceiling. Anything lower and it’s approaching $1000 quickly.This isn’t Ticketmaster, this is Pearl Jam.Not only are the upper levels subsidizing the close tickets, but selling GA or the really close seats to seniors for 80% less than fair value drives up the prices for everyone stuck on the outside every tour, and in NY that’s 90% of us. This policy also creates incentive for the seniors to buy more tickets to out of town shows, drawing them to MSG, further driving up prices for most fans looking shock at these prices.
even the face value exchange drives up prices. And the brokers have figured out how to sell tickets. They’ll always find a way.
PJ is meddling with economics, for which they have little experience and the result is prices are astronomical. The only one with clearly higher prices than PJ NY is Taylor. And she is astronomically more popular. Every other act I see on the broker sites is less $$ than PJ
It is Ticketmaster. Pearl Jam is not running the dynamic pricing of tickets. It is TM's algorithm calculates the prices for each seat. The band did sign off on it though.
There are simply not enough tickets for everyone.0 -
Luckytwn1 said:JD87070 said:Ok, quick overview of how the concert industry works (in the US):
Live Nation offers bands a set fee to tour, plus a cut of ticket sales. Negotiations go back and forth about how many shows, what venuesAnd until tickets stop selling, LN really has no reason to change the way things are going currently. Sure bands will complain, fans will complain, but they have a monopoly on the market and control most of the touring industry to where, if a band wants to do things to help their fans, LN still gets the cut they would normally get, and the lost money comes out of the band’s pockets.0 -
If the band signs off on it, they know what the prices are. They just don't care, same as Springsteen. It's the same reason they charge $45 for a single LP, cause they can. It's time everyone stop pretending they're Fugazi or even Mudhoney and realize they are one of the few legacy bands still touring and can charge whatever they want.0
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turner78 said:If the band signs off on it, they know what the prices are. They just don't care, same as Springsteen. It's the same reason they charge $45 for a single LP, cause they can. It's time everyone stop pretending they're Fugazi or even Mudhoney and realize they are one of the few legacy bands still touring and can charge whatever they want.
They know the prices are higher, but they are not involved with the details. TM runs the ticket sales 100%. I am not even sure the band has any idea what the 10C prices are these days. It may be 100% handled by their management, in the same way they outsourced 10c operations years ago. The band just plays music and collects the checks, but I am just making a guess on that.0 -
Get_Right said:turner78 said:If the band signs off on it, they know what the prices are. They just don't care, same as Springsteen. It's the same reason they charge $45 for a single LP, cause they can. It's time everyone stop pretending they're Fugazi or even Mudhoney and realize they are one of the few legacy bands still touring and can charge whatever they want.
They know the prices are higher, but they are not involved with the details. TM runs the ticket sales 100%. I am not even sure the band has any idea what the 10C prices are these days. It may be 100% handled by their management, in the same way they outsourced 10c operations years ago. The band just plays music and collects the checks, but I am just making a guess on that.0 -
Luckytwn1 said:Get_Right said:turner78 said:If the band signs off on it, they know what the prices are. They just don't care, same as Springsteen. It's the same reason they charge $45 for a single LP, cause they can. It's time everyone stop pretending they're Fugazi or even Mudhoney and realize they are one of the few legacy bands still touring and can charge whatever they want.
They know the prices are higher, but they are not involved with the details. TM runs the ticket sales 100%. I am not even sure the band has any idea what the 10C prices are these days. It may be 100% handled by their management, in the same way they outsourced 10c operations years ago. The band just plays music and collects the checks, but I am just making a guess on that.0 -
Luckytwn1 said:Get_Right said:turner78 said:If the band signs off on it, they know what the prices are. They just don't care, same as Springsteen. It's the same reason they charge $45 for a single LP, cause they can. It's time everyone stop pretending they're Fugazi or even Mudhoney and realize they are one of the few legacy bands still touring and can charge whatever they want.
They know the prices are higher, but they are not involved with the details. TM runs the ticket sales 100%. I am not even sure the band has any idea what the 10C prices are these days. It may be 100% handled by their management, in the same way they outsourced 10c operations years ago. The band just plays music and collects the checks, but I am just making a guess on that.
It is not wrong. I agree and have said the band signed off on it, but I highly doubt they are involved in the exact daily pricing details calculated by TM. They don't know that this row is going for $800 and that row is going for $1000. TM is running the premium and dynamic pricing, not the band. And I happen to think it is more than 10% of a given venue. There seem to be plenty of great seats if you have $1000 to spend on a ticket.0 -
turner78 said:Luckytwn1 said:Get_Right said:turner78 said:If the band signs off on it, they know what the prices are. They just don't care, same as Springsteen. It's the same reason they charge $45 for a single LP, cause they can. It's time everyone stop pretending they're Fugazi or even Mudhoney and realize they are one of the few legacy bands still touring and can charge whatever they want.
They know the prices are higher, but they are not involved with the details. TM runs the ticket sales 100%. I am not even sure the band has any idea what the 10C prices are these days. It may be 100% handled by their management, in the same way they outsourced 10c operations years ago. The band just plays music and collects the checks, but I am just making a guess on that.0 -
It does look like there are a crazy amount of premium tix available in Missoula right now, and I can’t imagine TM has them all released at this time. Would have to say more than 10% of that venue is premium.0
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Get_Right said:Luckytwn1 said:Get_Right said:turner78 said:If the band signs off on it, they know what the prices are. They just don't care, same as Springsteen. It's the same reason they charge $45 for a single LP, cause they can. It's time everyone stop pretending they're Fugazi or even Mudhoney and realize they are one of the few legacy bands still touring and can charge whatever they want.
They know the prices are higher, but they are not involved with the details. TM runs the ticket sales 100%. I am not even sure the band has any idea what the 10C prices are these days. It may be 100% handled by their management, in the same way they outsourced 10c operations years ago. The band just plays music and collects the checks, but I am just making a guess on that.
It is not wrong. I agree and have said the band signed off on it, but I highly doubt they are involved in the exact daily pricing details calculated by TM. They don't know that this row is going for $800 and that row is going for $1000. TM is running the premium and dynamic pricing, not the band. And I happen to think it is more than 10% of a given venue. There seem to be plenty of great seats if you have $1000 to spend on a ticket.
And I don't write the above negatively. I believe bands should be the ones to profit from their shows, not some random person on the street who has nothing to do with the music. It is no surprise that acts finally said they don't want that random person making 4X what the band is making on a ticket but they should also be upfront to their fans if that's the case, as Bruce was in the Andy Greene interview. The real problem I have with the system is the use of Verified Fan and other methods that seem designed to trigger panic buying.Post edited by Luckytwn1 on0 -
chrisdrake88 said:I've been a 10C member off and on for ten years now (I am aware that this is not the longest membership, but this isn't a measuring contest) and I am absolutely appalled by the prices of tickets for this tour. The one thing that always stood PJ apart from all other bands was its connection to the fans, the determination to make it as great an experience as could be and the refusal to let its fans be ripped off and exploited in the name of capitalism (See PJ vs Ticketmaster).
The best example of this has always been the Ten Club, where we get rewarded for our loyalty by being allowed to buy tickets at a reasonable price, right down the front where the proper fans are, without needing to pay an absolute fortune for the privilege. These tickets for the Dark Matters tour UK dates are £160. ONE HUNDRED AND SIXTY POUNDS. The cheapest tickets in the house are £120.
Pearl Jam, you have completely lost your way. You are not the band of the people that you once were, you will have lost the respect of thousands of fans with this blatant profiteering and the fact that you are doing this alongside Ticketmaster, of all companies, is frankly insulting.
I for one, will not be renewing my membership next time around and will be interested to see how many others will also leave.
I'm just disappointed.His eminence has yet to show.
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We are in agreement so not sure if we are having a debate or not
. The real travesty of this pricing/ticketing system is not so much the higher prices or TM's marketing techniques, but the removal of the best seats from the 10C sale.
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