Man they have quite the racket going on. Genius business model. I bought 2 session 1 tickets in omaha for 250 each. Paid 107 total in service fees. Just posted them to sell and gonna pay 90 in service fees. Getting a ridiculous amount on both ends.
Ticketmaster business model
- Thread starter cyups2323
- Start date
To say its ripe for disruption is the understatement of the century. I don't understand how no one has come in and done same for $5 per ticket.
eBay makes a ton taking 10% of sales, and I bet the avg sale price is like $50.
Why hasn't an eBay or Amazon gone and done same with tickets? They certainly have the capital to do it.
eBay makes a ton taking 10% of sales, and I bet the avg sale price is like $50.
Why hasn't an eBay or Amazon gone and done same with tickets? They certainly have the capital to do it.
We've bought tickets to a handful of concerts for this summer and I always have the same reaction. "Hey cool, I found two tickets for $60 each, let's do it!"-- go to check out and it's somehow $375.
They are the reason why I fully support adding a regulation to the ticket market forcing them to post and itemize all applicable fees upfront, prior to any sale confirmation page. You should be able to look at available seats and the fees to buy them at first glance.
This **** is just absurd.
This **** is just absurd.
Hidden fees are out of control everywhere, but especially with tickets.
I think Joe Biden has called for a law on this across industries in the last two state of the unions.
Making businesses show transparent pricing should be a win for free market purists, because markets work most efficiently when all parties have complete information. But I suspect this too is a partisan thing.
Yet, there we all go buying and selling on sites controlled by the TM/SH cartel.
I highly recommend buying and selling on sites like CF or ISU Ticket Trader. It takes a little more effort to sell on other team's sites, but it actually can be interesting as you get to know their fans. And someone who is a fan of another team comes to really appreciate you for selling under the TM/SH "market" price. Lots of wins.
I highly recommend buying and selling on sites like CF or ISU Ticket Trader. It takes a little more effort to sell on other team's sites, but it actually can be interesting as you get to know their fans. And someone who is a fan of another team comes to really appreciate you for selling under the TM/SH "market" price. Lots of wins.
- Mar 27, 2006
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It's frustrating as hell, but the Ticketmaster model has been a hemorrhoid on the ******* of the live event industry forever. Pearl Jam took them to court 30 years ago and didn't get anywhere.
Yeah, the fees must get tacked on at StubHub too. Was greeted with an additional $111 per ticket fee when I locked in $312 all session passes Saturday
Fees are stupid on those sites but you can go into the settings and make it so that the fees are included on the prices you see.
From what I understand, Ticketmaster (and other sites) business models basically act as cover for the events/artists themselves. The management companies running the tours and such are usually the ones that get a healthy portion of the money gained from “hidden fees”.
So if you’d like someone to be upset at, I’d probably start pointing my finger at the NCAA first.
So if you’d like someone to be upset at, I’d probably start pointing my finger at the NCAA first.
I picked up a couple of tickets to the ISU WBB championship game in KC at the T-Mobile box office. The printed price on the tickets was $20 & I was charged $71....
axs ticket prices seemed better than ticketmaster when I went to KC women's game.I picked up a couple of tickets to the ISU WBB championship game in KC at the T-Mobile box office. The printed price on the tickets was $20 & I was charged $71....
That and their exclusivity deals with venues. If you're an artist and want to distance yourself from TM, most of the venues in the US would no longer be available to you.
I looked at their 10K. They own, lease, or have exclusive rights to almost 400 venues. Majority of those are arenas between 6-30k seats.
Financially, they show revenue of $23B in 2023, and $1B in profit (just under 5%). That does not seem exorbitant. So I wonder if, as @AirWalke says, a lot of those fees get paid to the venues - either as part of the exclusivity deal, or the lease payments, etc.
Just be thankful they haven't gone to "premium pricing" yet for basketball.
$800 for decent seats at Pearl Jam because they know $800 is pocket change to some people and if they don't sell just drop them down to "face value" last minute.
$800 for decent seats at Pearl Jam because they know $800 is pocket change to some people and if they don't sell just drop them down to "face value" last minute.
I got my tickets off of some site called MegaSeats.com. They seemed to be about $100-150 cheaper than anything Ticketmaster, Stubhub, Vivid Seats, Seat Geek had. But yes, the fees are absolutely ridiculous as they get them on both sides from the buyer & seller.
Tickets were transferred to me by the seller right after the selection show.
Tickets were transferred to me by the seller right after the selection show.
