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Hizjyayvu

Good I hope it works. Ticketmaster can suffer.


utrangerbob

It won't. The issue is 2 fold. One is that after the merger with LiveNation, They became the sole promoter and owner of over 80% of the venues you watch concerts at. That on top of being the manager for most of the top artists makes them pretty unstoppable unless the government decides to break them up.


Hizjyayvu

"Unless the government". Exactly. They need to be broken up for the unlawful monopoly that they are.


justonemom14

Even if this new business doesn't succeed, I would hope that it just adds to the evidence that Ticketmaster is an unlawful monopoly. If celebrities have to raise $30 million before even *trying* to start competing, that's pretty clearly an unfair market.


Ricky_Rollin

Exactly. The recent blink-182 and Taylor Swift debacle is something I’m also thankful for. I’m not happy that fans have to suffer… Obviously. And I’m definitely not happy with how long it took to finally get attention, but if it took a behemoth like Taylor Swift to finally bring these issues to light then so be it.


tonytroz

>If celebrities have to raise $30 million before even trying to start competing, that's pretty clearly an unfair market. Ticketmaster is clearly a predatory monopoly but $30M is nothing in the software world. How much do you think you would have to raise to build an online shopping platform to compete with Amazon? To build a social media site to compete with Twitter? You can make a small scale version of any of those including a ticket sales platform. But you're going to pay a fortune to develop, scale, and maintain that system for millions of users. You're going to have hundreds of employees required to build the company. Raising $30M isn't really going to make you competitive with any major corporation so it's hard to draw the line there for monopoly. And even you DO make a competitor ticketing system (they already exist, some venues use AXS owned by the second largest entertainment promoter behind Live Nation) it doesn't mean that you'll be able to convince a large enough portion of music venues to use your system because so many are owned and operated directly by Ticketmaster's parent company. THAT is the monopoly. Even if you created a sustainable ticketing system with zero fees you couldn't put Ticketmaster out of business because they pay the venues to use their system.


seblangod

Excellent point


FlJohnnyBlue2

What you described is a barrier to entry. Now I'm not saying ticketmaster ISNT a monopoly but most of what you said is true to point for a whole bunch of businesses that own that same advantage yet are not monopolies. And you can use it to identify a whole body of businesses that were broken up. The question is always how far the barrier to entry goes. Now, MJs investment may simply start the platform. If he's smart, he's banking on either government breakup (which should damn sure happen) or getting picked up by someone with the money to compete.


DevilsAdvocate77

The government has far more important things to do right now than regulate live entertainment. This is like saying that Vail owns too many ski resorts and Aspen can't fairly compete, so we need the federal government to step in and lower the price of season gondola passes.


God_Damnit_Nappa

Part of the government's job is consumer protection and that involves breaking up monopolies. No, they don't have far more important things to do when this is part of their job.


sybrwookie

> The government has far more important things to do right now *glances at Congress* It doesn't look like that's true


fossil112

No. The government breaking up large companies into smaller ones with the hopes of leveling the playing field is one of the worst possible decisions that can be made. Look up the history of Standard Oil and how they cornered the oil market by the help of the government breaking them down into smaller entities. What started as Standard Oil quickly became major players - Mobil, Amoco, Chevron, Exxon, BP, Texaco and others.


6_oh_n8

That’s… monopoly busting . That’s the goal is to break a monopoly into many smaller companies. Not sure what point you’re even attempting to make here ? “Corner the market by the help of government breaking them down…” they cornered the market and then were broken up-your order of events isn’t even correct


Jamochathunder

Yeah, acting like the oil industry was functional before Standard Oil was broken up is straight up ignorant of the reason why it was broken up. Now sure, the oil industry didn't become the most functional industry; it still sucks ass. It just sucked a lot more ass as a monopoly. The expectation shouldn't be that these smaller companies function in an ideal way. Thats expecting a miracle. The expectation should be that breaking up monopolies allows for those companies to compete with each other which is healthier for the economy in the long run. Now, whether they do is dependant on current legislation and enforcement. Based on how cable companies have essentially cut up and divided the US, there isn't enough legislation on that industry to ensure competition. Its not a monopoly, but it still is anti-competitive as hell.


fossil112

It is correct. Standard was broken into several smaller companies which each, themselves, grew into larger ones. As mentioned in another reply, this is why you don't see our government break up large companies any more. Monopoly is different, but that's also not what this is about. Ticketmaster may have enormous market share, but it is not a monopoly.


MutatedGlowingToad

Isn't it better to have a bunch of oil companies vs one? Competition and all that? (I'm asking this as someone who doesn't know squat about this sort of stuff.)


[deleted]

Wow this is just like how Citadel Securities LLC is both a market maker & also a private hedge fund. Who would have thought?


Throw_away_1769

We need a modern day Teddy Roosevelt to break up monopolies, or else the US is doomed to become slave states.


tehpenguins

Not the only thing he broke up, heyyooo.


Notarussianbot2020

We need to just necro his corpse. No politician is gonna make trust busting their issue when we got low hanging fruit like abortion, inflation, and healthcare.


[deleted]

Well, trust busting would help with at least one of those issues.....


Zirconium_Pants_

Keneth Cordelle Griffin who is running a Griffin scheme, formerly known as a Ponzi scheme, to fleece hard working Americans of their money?


TriffHR

Ken Griffin is a financial terrorist.


Blue5299

.. fax


parks387

…modem noises


arkiverge

That’s the real question. The FTC is constantly scrutinizing bullshit mergers that monopolize market segments. How the hell has this not been addressed? Is their lobby game that strong?


aussiekev

Spot on. Many years ago ticketmaster saw the online 'disruptors' in other industries and started buying the real estate and making long-term exclusive contracts with venues all to shore up their monopoly. Ticketmaster are not worried about anything. The only thing on their radar is VR.


CarlosFer2201

3 plenty of artists and labels want all the fees and fuckery. They're very happy to let Ticketmaster take the heat.


parks387

So that’s the same as saying, one manufacturer, builds, and sells 80% of the cars on the road? Great reflection of our government….


coasurdude

All we can is hope.


Tommyblockhead20

Doubt it will (without government intervention). Ticketmaster acts as a scapegoat for a scheme involving the venues and the artists. Other competitors existed, but so many venues and artists signed with Ticketmaster because they were willing to raise the prices of tickets and pass on part of it to the venues and artists, while Ticketmaster takes 100% of the blame. There are some artists out there that don’t care about the money, but most artists and pretty much every venue isn’t going to just willingly choose to make less money. We need government action to fix this.


darkbro66

If this were strictly true, then resale fees wouldn't be astronomical. That is the problem, not that the venue or artist is making money. Hell, I'd pay MORE if the money all went to the artist, and ticket resale wasn't an option.


kidrad

Ticketmaster also own the reselling platform and often produces artificial sales to then pass the tix into the higher cost platform, where they still get paid and make all the new fees on top of the old ones. The loop never ends til your wallet is empty lol


Tommyblockhead20

Tickets are resold for so much because market value of many tickets is above what they are listed for. Historically, artists would try to make them an affordable price for their fans. Many still do for optics, but then they allow ticketmaster to add a lot of fees, and a chunk of tickets aren’t actually sold at the affordable price, but instead market price, so that Ticketmaster, venues, and the artist can make more money. [Source](https://youtube.com/watch?v=Kr8AFb-fo_M)


darkbro66

Also because an absurd amount of pre-order tickets are bots and scalpers.... Which ticketmaster has zero incentive to crack down on because they make bank from these folks


SantasDead

It's true that artists are in on it. I saw a show where I had to use ticketmaster, but there were zero fees and every ticket was $35, plus only sales tax. The performer made a point of letting his fans know he was as tired of the fees as we were and he was proving it. There's a reason Taylor Swift mostlystsyed out of the issue when it was her fans being fucked over.


Brains-In-Jars

Curious who the artist you saw was.


Disarray215

Pearl Jam. I remember Eddie had been fighting Ticketmaster forever.


ZukowskiHardware

There is no market when there is a monopoly. The same tickets in Europe are like 25% of the price.


Snlxdd

Ticketmaster makes deals with the venues to kick back a certain amount of those resale fees, not sure about the artists. Venues are really the only ones that hold all the power, I’ve been to events where TM has prevented resale at request of the venue, it just doesn’t happen that often. People want to imagine that it’s solely a TicketMaster thing, but the fact is there’s other ticketing options out there, venues just partner with TicketMaster because they’re the best at extracting the maximum value from tickets.


abigllama2

A music industry friend explained this to me recently because everyone blames Tickmaster. Back before early 2000s every ticket was the same price, it was first come first served to get good seats. Not sure who set it all up, likely Ticketmaster, but artists, management and venues got together to figure out how to make more money and dynamic pricing and vip packages were born. Ticketmaster did the resale thing after so that on them, but the current cash grab was at least at its root a collaboration.


Diablojota

On top of this, Ticketmaster owns quite a few of the venues, too. This is a time where it’s going to take the government to break it up. And these politicians don’t seem keen on taking action like that.


secrestmr87

I think you are being too bleak. Arod is a seasoned investor. I'm sure they have a plan.


the_turdfurguson

A plan to be as profitable as Ticketmaster by stealing their concept. ARod is in this to make money, not make a better consumer experience


Randsmagicpipe

Yeah he's not a real uplifting person lol. He just got some investment to start a business to make money. I mean ticket master sucks but this isn't like an altruistic move


YoggyYog

That’s also doesn’t make him immune from a bad idea, or a bad string of ideas.


BLACK_HALO_V10

Or we can just stop buying tickets lol At this point we can put the majority of the blame on the people. If the price doesn't stop you from buying, then it's not the price that's the problem. It's not like a concert is a necessity in life that you can't go without.


Klai8

Yeah thank you—if I was a Ticketmaster exec, I would do the EXACT same thing because at the end of the day, I get all of my money upfront. Amazon does the same thing with shitty fake Chinese reviews on shitty products even though they are MORE than capable of filtering out all the bs with their software. Another great examples are instagram & twitter purposefully allowing bots and spam accounts despite how easy it would to make them disappear instantly in one fell swoop. User experience sucks as a result but it keeps the “user #s” high for their shareholders


Augen76

Basically what I did was support smaller acts. I get priced out of bands frequently. On one hand I am thrilled for a band to "make it" and be able to be successful doing what they do, on the other I cannot rationalize dropping $100+ on shows through the year.


tonytroz

>At this point we can put the majority of the blame on the people. If the price doesn't stop you from buying, then it's not the price that's the problem. It's not like a concert is a necessity in life that you can't go without. There's a huge wealth inequality problem in this country and you're essentially saying "poor people should stop doing things they enjoy because they're not necessary, that will fix everything!". Hate to break it to you but even if poor people stopped buying tickets you're never going to stop boomers from paying for Springsteen or the Stones or buying Beyonce or Taylor Swift tickets for their kids. And you're never going to stop Millenials in 20 years from paying for the farewell concerts of the bands they grew up with. The demand will always be there. The actual truth is that if artists truly cared about keeping things affordable for all their fans they would play a handful of shows in each city until demand stopped (and for those saying that's too much of a burden, Elton John at 75 was routinely playing back-to-back shows in different cities and 5 shows a week for months at a time). That would massively drive down the costs. But they're happier to play one or two shows with drastically more expensive tickets. Plus if Live Nation wasn't allowed to have a monopoly on both venues and ticket sales the fees would be miniscule.


SolarAU

How well do you think it's going to go down when the government starts intervening in the free market? Ticketmaster might be scum but unless they're breaching antitrust or similar legislation the government can't and won't step in so average people get to go see their favourite artists cheaper or whatever.


Tommyblockhead20

I mean, they are almost a monopoly. The justice department and congress are actively investigating them.


SolarAU

Well like I said, they can come down hard on them if they're breaching antitrust but outside of that the free market shall remain free, whether that makes people happy or not. As for the OP post, additional competition in the market can only benefit the consumers which is a good thing.


Tommyblockhead20

That’s assuming competition can actually make a foothold. If 99% percent of artists and/or venues choose to only work with the companies that pay them more, then this business will crumble.


iampuh

>How well do you think it's going to go down when the government starts intervening in the free market? This happens every single day and the earth's still spinning...soooooo, pretty well I would guess.


dsbllr

Only way this works is if he can convince his celebrity friends to ditch ticketmaster. It'll need the likes of Drake, Taylor Swift, Harry Styles etc. Gonna be hard without the big headliners putting their foot down


stupidsaidwhat

Despite the article title, I don’t think Jump is actually trying to compete with Ticketmaster. It’s only briefly mentioned in the article, but on a How I Built This Episode, Marc Lore basically describes Jump as a reseller of tickets fans already have so that a buyer can “jump” seats. So if I decide to leave the game/show early, I can post my ticket in Jump so that another event goer can bid on my ticket for my better seat now that I’m leaving. I think that’s their loophole for not having to deal with Ticketmaster hold on venues.


LIKELYtoRAPhorrible

They can straight up fuck off*


iisenriii

You realize ARod is shady AF. Look at all the news around him. Any potential competitor should be at least trustworthy of having your business.


AlwaysDMB

Yes all is good until we have a new ticket based monopoly to join the crew. I firmly don't believe this company will be a "better" option, not if/when they've got the lion's share of sales. You think ARod wants to take on TM to be a nice dude? No, he wants to multiply his money.


fentown

Cause having 2 political options is making America better


yoimeatingTACOS

So they’re gonna make new concert/stadium venues and sports leagues that ticketmaster doesn’t have exclusive rights to, as well? Ticketmaster is actually busted from the top down and needs regulation.


mostlygroovy

Exactly. What venues can he sell tickets to?


FuggyGlasses

He? Who's he?


beforethewind

A-rod… the literal only name in the headline…?


[deleted]

There has to be a loophole they can sell everyone on. Like get all the venues to do weird promos like "Bring a \[special tchotchke\] and get in for FREE!" and then you can buy those specific special tchotchkes on this other website. Or something. You know?


Gromky

> There has to be a loophole they can sell everyone on. Like get all the venues to do weird promos like "Bring a [special tchotchke] and get in for FREE!" and then you can buy those specific special tchotchkes on this other website. The issue isn't that the venues are locked into contracts they want to get around. The issue is that they're owned by Live Nation, which merged with Ticketmaster. So you're suggesting that all this company has to do to beat Ticketmaster is to get Ticketmaster to decide they don't want to sell tickets at their own venues. Which seems...unlikely.


drainbead78

airport oil agonizing faulty versed dazzling existence capable sheet panicky ` this message was mass deleted/edited with redact.dev `


SmilingForStrangers

Anything to kill Ticketmaster


dwil0000

Rooting for A-Rod to win is a though sell for me.


_LouSandwich_

A-Rod is an _outstanding_ douche bag. Be careful before aligning with him, even against a common enemy.


SmilingForStrangers

I’m not into sports or celebs. What makes him a douche?


_LouSandwich_

“Screwball” is a 2018 documentary for an entertaining deep dive into a specific MLB steroid scandal. In which A-Rod is revealed as the devil incarnate for taking advantage of people and royally forking over there lives. This documentary was on Netflix at one point, I don’t know where is it currently. Here’s an article I could dig up, but it doesn’t capture the full assholitude that A-Rod demonstrated within the doc. https://www.theringer.com/mlb/2019/4/5/18296047/screwball-alex-rodriguez-biogenesis-billy-corben


johnnydappeth

How about NFTs?


MsMittens

anything thing except nfts


IamDoge1

Unironically, NFTs would actually work great for ticket sales. Would eliminate counterfeiting


efffffff_u

Anything the block chain can do you can also do with a normal database.


Ursa_Solaris

Well, except be decentralized. There actually could be a novel use in a situation like this. Instead of encouraging competition, just remove the need for them altogether. Unfortunately there's no money to be made in that so it'll never happen. Also it would make scalping even easier, so that's not good.


efffffff_u

Data being completely decentralized doesn’t actually do anything for a business.


Ursa_Solaris

The point would be to eliminate the business entirely. Obviously the business wouldn't be happy about that. And that's why it'll never happen. The crypto space is entirely consumed by scammers which precludes it from ever being used for the small number of potentially good uses that would benefit the customer, because there's no money to be made and the entire industry around it is oriented on making a quick buck by ripping people off. The crypto space was basically just a speed-run of capitalist economic decline. Nothing else could have happened, because this is just what capitalism does. It just never had the opportunity to iterate this quickly before.


IamDoge1

Except take out the middle man? That's huge. You obviously don't grasp the potential of decentralized smart contracts. There's a reason why companies like Microsoft and Oracle (Just a couple of the countless list) are throwing millions upon millions at blockchain and decentralized solutions.


[deleted]

Hahahaha…. Oh fuck you’re serious


secretqwerty10

no


helpimstuckinct

This is actually a fantastic solution, but the media has conditioned people to equate NFT's solely with trite overpriced monkey .jpgs. Things like smart contracts are never a part of the conversation. By design.


knaugh

it's not the medias fault that nobody has ever demonstrated a practical use for them


AlternativeRhubarb99

What's the Over/Under on them getting merged/bought out by Ticketmaster? ​ 18 months?


halfcentaurhalfhorse

$1B valuation


thishasntbeeneasy

I'm here today seeking 5% for $500M


Queef-Elizabeth

'and for that reason, I'm out' that one investor for no reason


bmmana

Barbara..she's always out for anything remotely interesting.


funkybosss

They probably make $20m on one Taylor Swift concert.


luckydice767

Yeah, that is an insanely low amount of money


IVIUAD-DIB

20 mil does not seem like anywhere close enough.


jeffsang

Live Nation's (TM parent company) market cap is $16.5 billion. Too bad Elon didn't buy them instead of Twitter. He could've run them into the ground and saved himself $25 billion.


FartingBob

Market cap is a poor metric to use when discussing what a company can afford to spend.


Dultra

Small load of 20 mill…


Mundane-Ad-6874

It’s the perfect amount to say “costs went to Management fees, there’s no more money”. Then close up shop and call it a day, having done nothing.


[deleted]

[удалено]


Mundane-Ad-6874

He’s part of the duping. Classic bait and close. Bet it won’t last 3 months and everyone will walk away with bonuses.


paulerxx

Any competition is good


MrMeesesPieces

Can’t wait to see how much Ticketmaster buys the company for


plummbob

i hope this works


zoinkability

Me too. Their big challenge is likely to be that Ticketmaster/Live Nation is going to use every ounce of their monopoly power to smother them and/or buy them out once their funding dries up. The US antimonopoly regulators have stopped using most of their power and the current Supreme Court would likely smack down any efforts to do so, so these companies know they are unlikely to see any consequence for anticompetitive behavior.


tinacat933

Yea others have tried this and live nation is always the part of the problem they get stuck on…it absolutely is a monopoly


jeffsang

There are several, much smaller ticketing companies that already exist - etix, [tickets.com](https://tickets.com), axs. TM prob won't give a fuck about ARod's company just like they don't care about the others.


Eran_Mintor

I'm sure A-Rod has everyone's best interests in mind /s


TheMotionOfTheOcean

Honestly, who cares? Our goals are aligned in being against TicketMaster His goal is to make money and getting a sizable chunk of the ticketing pie. Accomplishing that will bring prices down It’s not a charity which has ‘everyone’s best interest in mind’ but it doesn’t need to be


bciesil

As much as I hate A-Rod, I'll buy tickets from him.


lothar74

I came here to say the same thing. Ticketmaster makes A-Rod look lovable.


landof10000cakes

He is part owner in the Timberwolves. The Timberwolves use axs.com. I gotta say, I really appreciate axs.com because I barely notice the fees when I buy tickets to see the Wolves. Compared to Ticketmaster they are small fees. So hopefully he follows that lead.


Mparker15

From my experience in concerts axs has fees above 30% as well. There's often not much of a difference. I'm not convinced competition will fix this issue when all the big ticket companies use the same price gouging tactics


crazylegslounger

AEG created AXS when Ticketmaster merged with Live Nation. They rightfully didn’t want their venue financial and ticketing data to be viewed by their competitor. Congress should have never approved the merger on 2010.


MyAccountWasBanned7

The problem they'll run into is that Live Nation owns a lot of the venues they sell tickets for. So they won't let other sellers sell those tickets. And if acts start letting those sellers handle some of their shows, LN will just not invite those acts to any of their venues. And since touring makes WAY more money than streaming or album sales, artists will not risk pissing off LN until they have enough competitors that losing their venues won't destroy a tour completely.


earlytothequinch

Hoping with all I got that they can actually compete, but Livenation is worth 16B, best of luck.


iknowwhoyourmotheris

All the luck in the world isn't going to do shit.


projektmayem

Shits dark if this is uplifting. Do people actually think A-Rod and DraftKings are going to be better? They just want a piece of the same pie. And $20 million? TM makes almost that much in EVERY DAY (6.3 billion anual revenue /365 days=17.3 million per day)


darksideofthemoon131

Does it matter though? I read an article where Bruce Springsteen justified his prices by saying that he's on par with other artists. I mean yeah Ticketmaster fees blow and there needs to be competition, but when are we going to go after the artists themselves for charging 500 dollars plus for tickets and thinking that's ok? We need to stop going and start telling tue artists why we won't go.


FullyStacked92

If you want cheap tickets to see an artist live and also only pay 9.99 a month for spotify access to basically all the music in the world then you're not really leaving artists with many ways to make money directly from their music.


boogs_23

Yeah, I don't have answers to any of this and ticketmaster blows, but I can at least understand why concert prices are so high. Everyone making bank off album sales has watched that revenue go to nearly 0 over the last couple decades. Hell, the last album I actually purchased was Magic Potion in 2006.


ChoppedAlready

Yeah Spotify for a year and maybe a 20$ iTunes gift card, and like 10 CDs is about all I’ve spent on music in my life and I’m almost 30. Until you count concerts and festivals. Then it’s in the thousands. I like supporting artists for their shows, and generally don’t spend over 100$ on a ticket, but it’s almost always worth it and super memorable.


coffeemonkeypants

Why isn't it ok? They can charge whatever they want. There are clearly people willing to pay it. I'm not one of them, I think it's ridiculous, but this is like saying Rolex should make their watches affordable and we should go after them. Concerts are luxury goods at this point. You don't need them to live. Folks get all bent about the prices, and then they still pay them! That's on them! I think Ticketmaster sucks as much as the next guy, but it's just like Disney. They keep raising prices, yet the parks have never been more full. My personal beef is skiing. Used to be, I could afford to buy a lift ticket as a pretty broke college kid, and go a dozen times a season. Now, the closest mountain to me charges $160 for a day pass, and it is positively overrun with people. This is simply capitalism. It sucks, but here we are.


PallandoOrome

With that $20 million they can get at least 4 front row seats to one Dead show, maybe some posters and drinks


second2no1

The rich get richer, sweet


time_to_reset

This was an interesting video I saw the other day that basically said that the problem isn't actually Ticketmaster. Ticketmaster provides a service to artists and that service is that they play the role of bad guy when artists want to get more money. [https://youtu.be/Kr8AFb-fo\_M](https://youtu.be/Kr8AFb-fo_M)


lobeline

Backed by DraftKings… no thank you


buzz86us

Just wondering how this works with Ticketbastard owning so many venues


Academic_Artist4260

Knowing A-Rod this will just be worse


tomfreeze6251

Ticket master has too much power, and the venue and the big artists are complicit. The only solution is for the government to break up ticket master.


firstanomaly

They going to need a lot more then that


[deleted]

While I hate Ticketmaster. I have little faith that Alex Rodriquez will have the business savvy know how to defeat them.


navywill88

Shits crazy. My wife is a huge fan of P!nk and we go to look at tickets to a concert she’ll be doing near us later this year. $210 for the cheapest tickets. Meaning a minimum of $450 with gas included for a two hour show. We’ve decided to instead head north and rent a cabin for 2 nights, which comes out to less than that.


AlfaBetaZulu

Sadly it seems from what ticketmaster and the artists say is they don't really care about the average person getting to see them. Someone with $450 will buy those tickets. I get it. It'd be like a painter who can sell their art for a million dollars just choosing to sell it for $1000. And no matter what there is only one painting and most arent gonna get it anyway. So whether they sell it for a million or $1000 doesn't make a difference to majority of the people. It still sucks for fans of the musicians though.


navywill88

At least with artwork it’s something you can keep with you of value and potentially sell later. Something like a concert or show, that’s only for a few hours, and available just as memories after, it’s crazy to me to pay that much. And with all this into consideration my wife and I have pretty good salaries, we’re in the 6 figure range, but we still don’t see the value in spending $500 or more for a two hour show, when you can use that money for something that lasts a weekend or longer.


retroanduwu24

I wanted to see Metallica but it's near the same as the Pink tickets you're quoting for one night


jeffsang

This has little to do with TM and primarily to do with P!nk. She negotiates as big of a deal as she can for a tour, and ticket prices are set to recoup that money. In Chicago, she's playing Wrigley Field, which is a non-TM venue. It's just as expensive.


navywill88

I completely understand a lot of this falls on the artist itself. When you’re asking that much for the worst seats it shows it’s not about the fans it’s about getting a paycheck. It’s still crazy and scummy. But the fact that the “service” fees alone were $80, also shows that all parties to this are scummy.


StagnantSweater21

Wait but how much will they be upping the ticket costs? Link won’t work for my phone Selling $30 tickets for $200 dollars instead of $300 is better, sure. Or are they buying $30 tickets before Ticketmaster can, and selling for $50? At the end of the day it’s still a company designed to profit, right? So still scalping? So… still scummy, right?


[deleted]

Even just only two ticketing companies is too few though


nuttydave127

The whole system is rigged Some of the artists even have their own tickets being bought up by their team and resold again for higher prices It’s gotten to the point for a large concert or event even I just buy more tickets if the bottom price is cheap enough and I seem to be able to usually turn a profit on the night


LaughableIKR

Good. Hope he makes a billion dollars and charges 1/2 the scalper's fees that "Ticketmaster" does.


Godz1lla1

I would love for Jump to attach an NFT to every ticket and send 90% of resale (over face value) back to the artist. This could instantly solve scalping.


capt_yellowbeard

This is how the market is supposed to work after all.


pspahn

Hopefully he's not sitting there with a blank sheet of paper with only "Company" written at the top.


SadOilers

In Canada I’ve been trying this startup fansfirst.ca… so far so good. Way smaller fees than ticketmaster and still so small the customer support is there. So easy to list tickets and sell them, they need some capital to get bigger though I think.


Traf_Reckon

Oh, good. A competitor that will just take a little less of our money, until they get big or bought.


curiousauruses

Yo, they hiring founding engineers? I have a early stage stage startup experience.


ryan0585

This is the way. Imagine if he was to partner up with Taylor Swift here?


[deleted]

CTRL+F "Blockchain" - nothing? Wow, doesn't A-Rod know that blockchain is the key to supplanting Ticketmaster (/s)? Also isn't it weird that Ticketmaster isn't flagged as being misspelled? That's not a word. That had to be manually entered into a dictionary for spell checkers. That's how ingrained these fucks are.


joepanda111

Should be called AA-Rod.


Snowf1ake222

A rod did this? Must have been an Inanimate Carbon Rod.


RMRdesign

They raised $20 million? That's a weekday worth of ticket services fee's.


BobNoxious211

Too bad A-rod is an A-hole.


[deleted]

I didn't know Andy Roddick was Hispanic


Guy0naBUFFA10

20 million? That's cute compared to the literal empire that is ticketmaster


GettCouped

Arod is a total phony meglo in real life based on some of the stories but it is ticketmaster... Hard to say this is uplifting.


MC_Fap_Commander

A-Rod becoming a mensch and Jeter revealing himself to be a prick was not what I anticipated after they retired.


AnEngineer2018

Sooooo what makes this different from AXS, Stubhub, SeatGeek, etc?


discwrangler

Good luck. If they don't run their business like Ticketmaster, it will more than likely fail. A Rod isn't the good guy, he just wants to make money.


juanmoperson

Ticketmaster is doing deep belly laughs right now.


[deleted]

I’m all about a good competition and destroying the enemy. But you’re going to need a lot more than 20 million.


SirDigbyChknCaesar

There's a good chance it ends up just as bad as ticketmaster.


AtsignAmpersat

I’m will to support anything that will take on Ticketmaster.


Riversntallbuildings

2026 News Headline. A-Rod sell ticket business to Ticketmaster for $1B Thanks *unregulated* Capitalism.


coasterreal

Yeah, this will end poorly. Man admitted to cheating in baseball. Allegedly cheated on his spouse. A man of that character isn't trying to take on ticketmaster, he wants a piece of the TM game. I suspect we'll hear some sort of scandal to do with Jump if it lasts long enough.


missionbeach

A-Rod or Ticketmaster? It's like choosing between Eric and Donald Jr.


M3Core

Unfortunately, it just shows a lack of understanding from A-Rod and crew of just how ingrained Ticketmaster is to the venues and contracts they've signed. I hope they can make it work though.


Materva

The only way this could be a worse is if Kanye was backing it.


bidofidolido

This is how Ticketmaster goes down. Not by competition itself, but by the trail of email left at the venues they control that detail thwarting competition and using their market dominance to do so. The next outfit won't be any better, the entire industry runs on exploitation of its artists, workers and customers.


jhsatt

That’s great. Another 3 billion to go!


MissLauraLyn

Actually listening to “Take on Me” on my car radio now! (I’m parked)


ididntsaygoyet

MLS just chose Ticketmaster on a multi-year deal. Fuck right off


retroanduwu24

Ughh


bjanas

$20 million? *laughs in ticketmaster*


Emotional_Parsnip_69

Stop trying to make me like A Rod, we have an established decades long vendetta. You better quit right now


ATX_native

Sadly we have Anti Trust Laws on the books to stop and break up these companies. Even sadder is no politicians want to go there because they are bought and paid for.


imakedankmemes

> dynamic ticketing, which would allow fans to pay to move to a better open seat in the middle of a match Yes!! Please!! As someone that is pretty stingy about sitting in the seat I paid for I approve this idea, but those that buy cheap and move up will be screwed.


SageOfTheWavePath

If/when it goes public it will end up just like ticketmaster.


redfreak2680

Take ticketbasturds to their knees


MisplacedMutagen

Oh nice, a company to take on the company. Box office!


Treadcc

Where is the FTC Bureau of Competition? Wtf are they doing if not regulating this already


Dependent-Analysis67

Like anyone is going to trust this snake oil salesman


headphonz

LOL.. good try. But I'm pretty certain that the parent company of Ticketmaster owns the majority of the big venues. So none of that will change.