Hard to care what happens to a company like TicketMaster. As you build your company, ask yourself how they ended up like this.
Do you think the founders had this outcome in mind when they started (everyone hating them and seeing them as an evil money grab)? They probably started with a different ethos.
A good reminder that what we do can change - we need to instill our values into the basics of everything we build, otherwise we'll just be building the next TicketMaster, Oracle, or Meta.
As far as I know, we get one go. Let's build things that matter and make the world a better place. Greed will even ruin concerts otherwise.
We bought $700 tickets to see a show we really wanted to see, but ended up being unable to make it.
We tried selling it on Ticketmaster, where you can in theory set your own price, or accept their "best offer". Our best offer was somewhere in the neighborhood of $150, and given that it was the night of the show, we accepted it.
We paid $54 per ticket in "processing fees" when purchasing, and paid $50 in more "processing fees" when selling. I'm sure the eventual buyers of our tickets probably had to pony up something like that as well.
If I had a magic button that made everyone above a certain level working there destitute and homeless, I'd probably break my finger pushing it.
Not in any way to defend Ticketmaster's unscrupulousness, but my undergraduate university used TM for the student football tickets and we had none of the unfairness, which leads me to agree with the sentiments that TM is actually following the will of the artists / event managers. At school, we could sell our tickets to other students gray-market, and just "transfer" them for "free" in the TM app without issue. They even started out with static QR codes, but decided to enable the "live" updating QR codes due to embarrassments with duplicate ticketers denied entry. So not only is TM to blame, they are the henchmen.
There is no business that I hate more than TicketMaster.
In 2016, the OKC Thunder were making a playoff run. They just advanced to the finals and tickets were set to "go on sale to the public" at 10am on a certain day. I signed up for an account, got logged in, etc. and kept refreshing the page around 10am that day, card in hand to buy. The second that time elapsed, all tickets were sold out. Yet somehow thousands of tickets were available for "resale" instantly at $100+ more per ticket PLUS a transfer fee. My jaw was on the floor. Absolute and complete bullshit. I knew the gig then. It was obvious they just let all tickets get bought up by resellers/scalpers/bots without a care in the world for the actual fans. They actually make even more money allowing it to be this way due to the extra transfer fees on top of the original sale. I watched the finals on TV instead since I didn't have the money for that earlier in my career. Burn this company to the ground with the heat of a thousand suns.
How many times is Ticketmaster going to be slapped on the wrist before something is actually done? They are clearly corrupt and colluding with scalpers and every 4 years or so the FTC says "hey now don't do that" and Ticketmaster goes back to their old schtick. It's immensely frustrating because they are also a monopoly and no one can feasibly compete with them because they also control the event venues. I guess this is end-stage capitalism though..
I love going to concerts and love going to sport events. Ticketmaster is awful, but most of the ticketing platforms are. I always talked with fellow friends how we would love to start a new startup for this, for selling tickets, a fair one, etc. But of course people in the industry wouldn't want it. Really a shame, because it would be one of those cases where I'd be working on somethign that excites me so I would give it all.
If Ticketmaster wants this to go away all they have to do is stop selling tickets for artist that have something mean about the current president. Look out Taylor Swift!
Masters tickets are arguably one of the hardest to get for any event but they do a very good job of making it a fair process, all in house: https://tickets.masters.com/en_US/ticketsFAQ
In Vancouver, Canada, the PNE (Pacific National Exhibition), owned by the City of Vancouver, got fed up with Ticketmaster and created its own ticket-vending outfit called Ticketleader.
This PDF document from 2010 (don't let the 2018 in the URL fool you) still mentions TicketMaster. It is an announcement in connection with the 100 year anniversary (1910 - 2010):
Well, I look forward to getting another 45 dollars of credit to spend only at ticketmaster in five years through a class action1. Hard not to be cynical about it when the fines when caught are tiny.
I don't understand why people can't make the logically necessary step to conclude that capitalism promotes cartels because there are profits to be made in cartels.
Capitalism always results in monopolies and cartels. This was known 100 years ago and it is still true now, just not as publicized. I wonder why...
This not to say that Ticketmaster is not scummy (and the article elucidates some of their scumminess). But this seems like partly a consequence of "ticket stabilization". As is commonly cited on HN, rent "stabilization" distorts the market and leads to all kinds of problems, like lack of available apartments and people living where they do not want to live because it's financially infeasible/unattractive to move to where they want to be. Clearly ticket prices are too cheap, or the scalpers could not make any money. As one would expect, selling under market value creates arbitrage traders.
It's totally Ticketmaster scumminess if transfer fees are ridiculous (see pavel_lishin's post). Likewise if Ticketmaster has difference standards for Big Scalp versus retail scalping. But the existence of scalpers (arbitrage traders) is inevitable if a) tickets are underpriced and b) tickets are transferable. You'd have apartment scalpers for rent-stabilized apartments if leases were transferable (which they are not).
When demand (concert-goers) greatly outstrips supply (seats), you have three options: long queues (the historical socialist approach) or lotteries (the egalitarian approach), high prices (the market economy approach), or corruption (the current approach). There is no realistic solution that makes everyone happy, but you can choose the kind of unhappiness you get. There is a strong case to be made that the artists do not want to be seen as greedy merchants, so they underprice their tickets and offload the anger onto Ticketmaster (see kevinsync's post).
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[ 2.8 ms ] story [ 42.2 ms ] threadDo you think the founders had this outcome in mind when they started (everyone hating them and seeing them as an evil money grab)? They probably started with a different ethos.
A good reminder that what we do can change - we need to instill our values into the basics of everything we build, otherwise we'll just be building the next TicketMaster, Oracle, or Meta.
As far as I know, we get one go. Let's build things that matter and make the world a better place. Greed will even ruin concerts otherwise.
We tried selling it on Ticketmaster, where you can in theory set your own price, or accept their "best offer". Our best offer was somewhere in the neighborhood of $150, and given that it was the night of the show, we accepted it.
We paid $54 per ticket in "processing fees" when purchasing, and paid $50 in more "processing fees" when selling. I'm sure the eventual buyers of our tickets probably had to pony up something like that as well.
If I had a magic button that made everyone above a certain level working there destitute and homeless, I'd probably break my finger pushing it.
TM basically exists to be the thing that collects all the hate so people don't blame artists, venues, or teams.
In 2016, the OKC Thunder were making a playoff run. They just advanced to the finals and tickets were set to "go on sale to the public" at 10am on a certain day. I signed up for an account, got logged in, etc. and kept refreshing the page around 10am that day, card in hand to buy. The second that time elapsed, all tickets were sold out. Yet somehow thousands of tickets were available for "resale" instantly at $100+ more per ticket PLUS a transfer fee. My jaw was on the floor. Absolute and complete bullshit. I knew the gig then. It was obvious they just let all tickets get bought up by resellers/scalpers/bots without a care in the world for the actual fans. They actually make even more money allowing it to be this way due to the extra transfer fees on top of the original sale. I watched the finals on TV instead since I didn't have the money for that earlier in my career. Burn this company to the ground with the heat of a thousand suns.
https://ticketleader.ca
This might have been around 2011?
This PDF document from 2010 (don't let the 2018 in the URL fool you) still mentions TicketMaster. It is an announcement in connection with the 100 year anniversary (1910 - 2010):
https://www.pne.ca/files/uploads/2018/01/entertainment.pdf
Rick Beato thinks that AutoTune and whatnot killed music.
Maybe it was just Ticketmaster.
Ticketmaster is the obvious reason why fewer people go to live shows in North America, whether rock and roll or not.
1 https://www.cbc.ca/news/canada/saskatoon/ticketmaster-class-...
Capitalism always results in monopolies and cartels. This was known 100 years ago and it is still true now, just not as publicized. I wonder why...
It's totally Ticketmaster scumminess if transfer fees are ridiculous (see pavel_lishin's post). Likewise if Ticketmaster has difference standards for Big Scalp versus retail scalping. But the existence of scalpers (arbitrage traders) is inevitable if a) tickets are underpriced and b) tickets are transferable. You'd have apartment scalpers for rent-stabilized apartments if leases were transferable (which they are not).
When demand (concert-goers) greatly outstrips supply (seats), you have three options: long queues (the historical socialist approach) or lotteries (the egalitarian approach), high prices (the market economy approach), or corruption (the current approach). There is no realistic solution that makes everyone happy, but you can choose the kind of unhappiness you get. There is a strong case to be made that the artists do not want to be seen as greedy merchants, so they underprice their tickets and offload the anger onto Ticketmaster (see kevinsync's post).