Why Ticketmaster's monopoly persists and scalping is just a symptom
By
mdni007
Toasted just enough. A reliable bake, gently seasoned.
Summary
The article discusses Ticketmaster's monopoly in the ticketing industry and argues that scalping is a symptom, not the root problem. The author suggests the real issue is the gap between sale price and fair market value, and expresses concern that anti-scalping measures could further entrench Ticketmaster's monopoly. The author advocates for tickets to function like property with right of first sale, rather than being held hostage by Ticketmaster through digital ticketing systems.
Key quotes
· 4 pulledIn my opinion, the scalping problem isn't really the primary problem with Ticketmaster's monopoly.
Scalping is just the result of a gap between sale price and fair market value.
I don't want a situation where Ticketmaster has the right to hold my tickets hostage (which they're already doing quite a bit of with digital tickets).
Many of the things Ticketmaster could do to stop scalping would build further walls around their monopoly.
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