Oh, they learned. We thought them that no one will be accountable and that the greediest will be bailed out and continue to get richer and richer. We are keeping jackals in our house, and we are giving them a pat on the head and a tasty treat every time they bite our children.
It’s hard to engage in a rational discussion when all you o contributed to it are insults and one line statements that basically “I don’t believe it, so it’s not true, an you are flat-erther”.
https://www.saturdayeveningpost.com/2023/02/scalped-a-history-of-ticket-reselling/
https://freakonomics.com/podcast/why-is-the-live-event-ticket-market-so-screwed-up/
I’m sorry, you did find out that way.
Do you have a habit of insulting people that provide you something you didn’t know?
That’s exactly what I’m saying. Part of the reason why “tickets disappear” at the moment there are available for sale is because the people related to the artist or venue “buy” the portion of tickets before it even start to resale them in 2nd market for what closer to their real market value.
It’s not uncommon that popular artist don’t get a cut of the ticket, only a flat fee… that is higher than a total sell value of the tickets. Because other people in the distribution funnel would take their loses back during the resale phase.
But let’s assume it’s not a case. Just for a kick. You still have an artist that sell the tickets below their market value… and no way to close the gap. How sustainable do you think it is?
The problem is that tickets for popular artis - in general - are sold for the fraction of the actual market price. There would be enough people ready to pay 10x 20x 100x … but the artist is not “allowed” to put that price on the ticket for PR reason. He would be labeled as greedy or not a real artist. They are leaving money on the table. The inefficiencies in the ticket distributions are not accidental. Many of those are there on purpose as a way to take back some of those money - often by people and processes connected with the artist. A way to [re]sell some tickets for their [real] price.
The objective truth is that a venue sell tickets way below their value. How do you close that gap?
Raising the price of tickets SIGNIFICANTLY? Even there, there is a “moral” cap to how high you can raise those.
So the demand crushes the supply. And 2nd hand can’t close the gap. What do you do then? Lottery? Ticket only to the fastest? For people with the best connection (personal or internet)? It can’t last forever because there are people ready to buy and people ready to sell. It’ll come some fiction like “I sell a ticket for it market value, paired with this drawing of Taylor Swift I did for $1000. It’s a set” Or “I pay you to buy me a ticket - I’m too busy to do it. I’ll cover the price and your <<work>> of obtaining it separately”
The problem is complex, and in the root of it is that those tickets are simply worth more. I may not be explaining it well, but Freekonomiks have a great episode about it if you’re a podcast fan.
[Too] simple solution, to a very complex problem. This will backfire hard.
Hm? I feel like a lot of people said he did a lot of fucking things wrong.
With a few exceptions, you’re confusing cause and effect.
I reserve my praises until I learn how exactly he gave away the money. Family-controlled foundations that only do political lobbing while avoiding taxes are a thing .
All reasoning must crumble before one prime directive: The richest can only get richer. No matter the cost.