Comment on Reselling tickets for profit to be outlawed in UK government crackdown
tempest@lemmy.ca 2 weeks agoYou think that, until you realize that live nation controls almost every venue in your city/state/country and then you start getting juiced for even smaller acts.
If they want to keep their vertical integration they should have to play by some rules.
FishFace@piefed.social 2 weeks ago
Live Nation’s annual profit is under a billion dollars, on a revenue of about 23 billion, which is a profit margin of about 4%. I agree they should have to play by some rules, and having an effective monopoly on ticket sales risks abuse of that monopoly, but it is not currently happening to any great degree, and it has nothing to do with the high cost of tickets. Also their business practices in general, with predatory pricing, should be legal, but again, this has nothing to do with whether, in principle, there needs to be government intervention to enforce artificially cheap ticket prices.