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Ticketmaster doesn't oppose scalping, just wants to monopolize resale market as well

An interesting Rolling Stone article on Ticketmaster's TM+ resale program makes it clear that Ticketmaster doesn't oppose scalping, it just wants to monopolize the resale market as well:

After years of trying to compete with StubHub, eBay and other companies in the multibillion-dollar ticket-scalping market, Ticketmaster has boosted its new TM+ resale program to the point that 90 percent of the company's events are sold in that manner. Last fall, TM+ was in beta-testing mode, including just a few dozen concerts, but today fans can buy face-value tickets as well as high-priced resale tickets on the same webpage for dozens of stars, such as Bruno Mars, Billy Joel and Lady Gaga. For one upcoming, nearly-sold-out Beyonce and Jay Z concert, for example, a fan can buy a ninth-row seat at face value for $750 or an eighth-row seat through TM+ resellers at nearly $1,300 . . .

 

Oddly enough, eBay-owned, ticket-reselling giant StubHub has spent the last few months moving in the opposite direction — sponsoring charity concerts by artists from Tokyo Police Club to Lykke Li. "Ticketmaster has always been able to get away with calling us 'scalpers' while enabling secondary sales," says Glenn Lehrmann, a company spokesperson. "It's very clear now that what they're doing is both sides of the equation."

Fans deserve choices and an open, competitive marketplace for reselling their tickets. That's why the New England Ticket Fairness Alliance is fighting special interest Ticketmaster legislation, thinly disguised as anti-scalping measures, that are in fact designed to ensure they are the only legally allowed "scalper" in town.

 

 


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