“The biggest issue is that demand sometimes exceeds supply for many artists,” he continued. “More people want to see Taylor Swift, Beyoncé, Adele or Garth than there are tickets for sale. There’s not a congressional hearing in the world that fixes the reality that demand exceeds supply. There’s nothing that Ticketmaster, the building, the promoter or the artists can do to fix that.”
Or, the industry could simply do what Brooks came back to again and again throughout the 45-minute panel discussion. During the question-and-answer period that ended the event, an official with the 9:30 Club concert venue in Washington D.C. suggested that resales be limited to a 15 percent increase over the original price. Azoff said he thought the industry would be open to that idea, mentioning 25 percent as a possible markup, adding that the exorbitant hikes some resellers charge end up hurting the artists.
Dynamic pricing, which shocked Springsteen fans as they saw prices for the most-sought-after tickets soar, also came under discussion. In that model, the increase over face value goes to the artist, not the resellers, and to Azoff and the others, that’s a fairer practice in their what’s-best-for-the-artist point of view.
Ticketmaster Ticketmaster charged $75 in fees per concert ticket to Springsteen!!
Why don't we ban things that really matter like corporations buying up homes, and put a limit on how much food costs, and put a price cap on gas, why are we banning 'capitalism' on tickets and nothing else?
If I buy a house will you limit how much I can sell it for? how about a stock? What if prices go down? What about when Ticketmaster fees are 50% of the cost of the tickets
Ticketmaster Then put a cap on the resale amount like you were able to do in the UK. Until then you are definitely part of the problem.
Ticketmaster It’s both.
Ticketmaster Named tickets would eliminate this problem.
Ticketmaster Then Garth Brooks is wrong.
Ticketmaster 😳😂
Ticketmaster
Ticketmaster But y’all HAPPILY take those fees when they resell so you are still part of the problem …. Ticketmaster
Ticketmaster Ticketmaster why are you sharing this when your platform allows resellers to resell tickets for 10x the original price in the first place 😭
Ticketmaster Lmao at y’all retweeting this. What a joke
Ticketmaster It can't be both? The platform that caters to resellers is surely to blame.
Ticketmaster So why was Garth Brooks selling his own tickets for 4,000!! Give me a break.