Entertainment

Ticketmaster will die?

  • Last Updated:
  • Jan 18th, 2021 3:11 pm
[OP]
Deal Addict
Apr 13, 2017
2050 posts
1046 upvotes
GTA

Ticketmaster will die?

Always hated their fees. With a pause on all live events , will the company will finally crumble?
55 replies
Deal Addict
User avatar
Aug 29, 2001
4462 posts
851 upvotes
Newbury, ON
Youtube concerts killed the live shows.

Member
Nov 11, 2003
286 posts
113 upvotes
Toronto
IF this one dies, will be ten new "masters" in the market soon...
Deal Expert
Feb 24, 2007
15064 posts
2647 upvotes
THIEVES!!

I stopped going to concerts/plays because of their crazy fees.
Deal Addict
User avatar
Jan 16, 2011
3930 posts
3483 upvotes
The NORTH
They have a virtual monopoly on tickets and resale of tickets, they are not going anywhere.
Deal Addict
Nov 24, 2013
1497 posts
837 upvotes
Toronto
I too stopped going to concerts because the prices for the good seats are outrageous.

If I have to sit so far back that I can barely see anything, I'll get my concert from YouTube instead
Deal Fanatic
May 22, 2003
6372 posts
3313 upvotes
Vancouver
One of my concerts got postponed, I suspect second one will too...no refunds, waiting for them to reschedule at a later date, but what if this goes on for another year?
Deal Addict
Jun 23, 2010
1815 posts
256 upvotes
Markham
Love to see ticket master fail.
Deal Guru
User avatar
Nov 21, 2002
10399 posts
2759 upvotes
Winnipeg
this should be under the good things from covid thread.....or is this that thread...
Deal Guru
User avatar
Oct 23, 2008
12143 posts
8882 upvotes
GTA, ON
notenoughsleep wrote: One of my concerts got postponed, I suspect second one will too...no refunds, waiting for them to reschedule at a later date, but what if this goes on for another year?
I heard that. No refunds since the show has been postponed and not cancelled. Pure BS IMO. Funny how they tell customers that if they can't make the unknown postponed date (could be over a year from now) that they can always try to resell the ticket on their resale site. Crooks. They're just as bad as the airlines who themselves cancel the flight but no refund, but here's a credit voucher.
Tis banana is IRIE :razz:

10% off is cold, 50% off is warm, 75% off is hot, but FREE IS RFD!
Deal Guru
User avatar
Mar 12, 2005
10081 posts
2032 upvotes
Victoria
There's multiple things at play. TM sells the tickets and collects a service fee for selling the ticket. Promoters are the ones that guarantee the band a certain level of money, collect the ticket revenue, keep their cut, run the gig, and pay the band. It guess a little messy because there's 2 big promoters in North America. LiveNation and AEG. Livenation owns ticketmaster.

Anyways... ticketmaster just sells the tickets and charges for that. Even with their crooked reselling features, all they do is take a cut. I think TM will be hit hard from the fact that there's not concerts to get service fees from, but they're a big company and probavbly have cash stashed aside to cover their expenses.

I think it's the promoters that are going to have issues. They have a lot of costs. Staff, infrastructure etc... Paying the venues, merchants, all that stuff. I think this is why refunds are currently an issue no one ever expected all events to cancelled at the same time. If they've been taking their cut to pay costs, then the might not have enough to refund call tickets.

It probably gets worse from smaller promoters who have even less cash reserves.

My guess. Somehow TM and the two big promoters absorb whatever's left of smaller players and get bigger.
Jr. Member
Aug 6, 2019
122 posts
73 upvotes
berta
i too have stopped going to concerts because of tm's fees. thier monopoly and cost of tickets. when i was a kid i could easily afford to see a favourate band play at a stadium. i dont know what young people do now. even electronic music show can be expensive.
too much time during covid
Deal Guru
User avatar
Mar 12, 2005
10081 posts
2032 upvotes
Victoria
To best honest when the s/c is $25 on a $250 ticket, the $25 is the least of my problems :) (referring to the 2nd article).

I haven't stopped going to concert's, but I've definitely slowed down. I used to just go. Now it's, do I need to see Metallica for the 6th time? I find myself skipping more and more tours because it costs so much. Add in travel/hotel (which are also skyrocketing) and it gets pretty expensive. I'll go see my favourite band every few years, but outside of that that, it's trying to cross a few remaining ones off the bucket list. Paid a mint to see the Stones in the Seattle last year. Paid slightly less than that to see GNR a few years before that. Was supposed to go see Rage Against the Machine this year. Opted to skip Tool because of how expensive it was (and I've seen them a number of times).

I don't blame bands for doing what their doing. You don't make much money off the actual music any more. You get pennies for streaming and albums barely sell. At the same time they were watching brokers (utilizing websites like Stubhub and Ticketmaster) reselling tickets for huge mark ups. Technically this meant they were undercharging their tickets. Hence the past number of years they've been closing that gap on ticket prices so they make the money instead of scalpers. Bands used to be embarrassed to charge a lot. That's why promoters were selling tickets to brokers for a markup, so the band could save face with lower face value printed on tickets. I think bands care less now.

The thing is, it doesn't seem to be preventing tickets from getting sold. These legacy acts can still sell out arenas and/or stadiums. I'm guessing it's because arena/stadium size Rock bands are waning. Less shows to go to. I wonder if if young folks will do it for the genres of music they like. WIll legacy Hip Hop and Pop stars of today be able to demand big bucks 20 to 30 years from now? Probably.

The live show experience is something you can't pirate. It's how musicians make money, and it's the one thing you can't copy.
Deal Addict
Jul 29, 2006
4142 posts
971 upvotes
I'm pretty sure their overhead is pretty low
Deal Guru
User avatar
Mar 12, 2005
10081 posts
2032 upvotes
Victoria
nx6288 wrote: I'm pretty sure their overhead is pretty low
A promoter? Don't they have to rent the venue, handle security, etc... all that fund stuff which probably requires large deposits paid and/or payment up front?

Bascially, all a band has to do is show up with their crew and setup their stage and tech. Everything else is handled by the promoter.
Deal Addict
User avatar
May 22, 2016
2390 posts
606 upvotes
Ontario
They also rip you off on sports too. They are like a cockroach and will never die.
Banned
User avatar
Dec 15, 2017
1847 posts
598 upvotes
Toronto
kr0zet wrote: They have a virtual monopoly on tickets and resale of tickets, they are not going anywhere.
How do they manage to do this? Where does the Ontario government stands on this? Why would an international singer allow these guys to sell his concert tickets? And get this, if their normal website is "busy" or sold out, they redirect you to another website where they magically have the tickets for a bigger fee. At least that was the case a few years ago.
Deal Fanatic
May 22, 2003
6372 posts
3313 upvotes
Vancouver
So I logged into my ticketmaster account to check on the status of my Maroon 5 concert in August (still going on for now apparently), and noticed there was an online option to request refund for my Celine Dion tickets (even though show is listed as postponed). I submitted it and it says I should receive a refund in 30 days.
Deal Guru
User avatar
Mar 12, 2005
10081 posts
2032 upvotes
Victoria
MusicBox wrote: How do they manage to do this? Where does the Ontario government stands on this? Why would an international singer allow these guys to sell his concert tickets? And get this, if their normal website is "busy" or sold out, they redirect you to another website where they magically have the tickets for a bigger fee. At least that was the case a few years ago.
I'm not sure on the how. The US had anti-trust sessions in the Senate in the mid 90s (in which members of Pearl Jam famously spoke out against service fees). Nothing happened with it. They got even bigger since then.

Why would a musician use them? TM/LiveNation have exclusive ticketing agreements with most of the big venues in Canada/US. There's not many places left you can play without using TM.

TM moderately changed that. If the artists allows the reselling of TM tickets, you can see the tickets now right on the main event page. They show up as pink (instead of blue). Those are resellers (or fans with spares) reselling tickets. Just like they do on stubhub. TM get's to earn more fee's. You almost have to add 30% to the ticket just get face value back.

I too wonder how we haven't seen any anti-trust reviews over the past 25 years. I'm not sure we ever had one in Canada.

Top