this post was submitted on 07 Sep 2024
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What Ticketmaster Doesn't Want You To Know: Concerts Were Cheap For Decades (youtu.be)
submitted 1 month ago* (last edited 1 month ago) by Substance_P@lemmy.world to c/videos@lemmy.world
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Ticketmaster and Live Nation have destroyed the concert experience. But it didn't use to be this way. Today, Oasis and Taylor Swift tickets might go for thousands of dollars, but back in 1955, you could see Elvis Presley in concert for less than the modern-day equivalent of $20.

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[โ€“] Knock_Knock_Lemmy_In@lemmy.world 3 points 1 month ago (1 children)

The most expensive tickets that get resold on ticketmaster are typically purchased by LN and then resold at the "normal" price. Yes, LN is losing money doing this.

I don't think LN are losing money doing this. They are artificially rasing prices for the real people buying platinum tickets without any additional costs.

[โ€“] SirQuackTheDuck@lemmy.world 2 points 1 month ago

If this is true, they're effectively creating demand by removing a large set of seats from the initial offering pool. This means they can say "tickets are selling fast", without lying if you include that they're just referring to the set on sale right now, not the total number of tickets.

This does smell like false advertising though, but I wouldn't put it past the cracked US legal system for this to be totally legal.