If you think Ticketmaster sets the price of tickets… you’re wrong – the artist does.
If the supply is 52 stadiums but the demand is 900 stadiums (per NYT’s) you don’t automatically deserve a ticket because you are a fan. Demand exceeded supply!
Per dynamic pricing…. Artists have watched front row tickets go for 10x-20x face value from scalpers but see none of the upside. Ask yourself if that is fair. It may suck… but is it fair?
Leave it to grandstanding politicians to get involved in something they know nothing about…. And leave it to artists to shrug their shoulders and point the blame.
I didnt wanna say it… 🙂
— M. Shadows (@shadows_eth) November 18, 2022
Ticketmaster raising at the artists discretion and the artist sees the profit
— M. Shadows (@shadows_eth) November 19, 2022
In dealing w them we have had nothing but artist friendly encounters… is more competition good? Yes… but placing the blame on them for things out of their control gets tiring.
— M. Shadows (@shadows_eth) November 18, 2022
Def could use some competition but people are conflating their arguments.
— M. Shadows (@shadows_eth) November 19, 2022
In this case I feel they did. 3.5m people signed up for verified fan. 1.5 got tickets… most of these people will sell the tickets because the profit is so large. I think thats alot of whats happening.
— M. Shadows (@shadows_eth) November 19, 2022
Thats an extreme example but whats being missed here is this is a free market… if they actually sell that ticket for 68k then it was in fact the right price. People are confusing extreme demand and supply here
— M. Shadows (@shadows_eth) November 19, 2022
Sponsorships and merch.. the idea then is to share in food and beverages. Different model
— M. Shadows (@shadows_eth) November 19, 2022
Breaking News: The Justice Department has opened an antitrust investigation into the owner of Ticketmaster, whose sale of Taylor Swift tickets descended into chaos this week, focused on whether Live Nation has abused its power over the live music industry. https://t.co/bNAWGXhYyU
— New York Times Music (@nytimesmusic) November 18, 2022
Thanks for commenting on this situation and yes… @PearlJam is truly for the people. I believe a combination of web3 / NFT’s w verified fan and dynamic pricing may give us the best of both worlds. This is one of the things @DeathbatsClub is trying to solve. https://t.co/lJpTH8B5gy
— M. Shadows (@shadows_eth) November 19, 2022
Both suck… I agree. But in one instance a scalper keeps the money… in the other the artists who is on stage keeps it. I just think there is misguided anger at TM when the artists are the ones that opt in.
— M. Shadows (@shadows_eth) November 23, 2022