mark tonin Posted April 20, 2011 Report Share Posted April 20, 2011 I remember reading about this a while ago. It looks like it may happen fairly soon, if it hasn't already. Has anybody seen this in action yet?-------------------------http://www.nytimes.com/2011/04/19/business/19pricing.htmlTicketmaster Plans to Use a Variable Pricing PolicyBy BEN SISARIOPublished: April 18, 2011 Buying concert tickets may soon be more like booking an airline flight: what you pay could be determined by when you order. The concert giant Ticketmaster announced a partnership Monday with MarketShare, a data analyst, that will look at ways to introduce what is known as dynamic pricing, which allows promoters to adjust prices according to demand. In theory, this would allow promoters to sell the most sought-after tickets at a higher price, while filling up the least desirable seats by charging less. Not every event would be sold that way. But it would also allow the company to compete more effectively against scalpers like StubHub.com. “Efficient pricing is one of the most important and untapped opportunities to unlock value for fans, clients, artists and teams,†Nathan Hubbard, chief executive of Ticketmaster, said in a statement. Ticketmaster, a division of Live Nation Entertainment, sold about 140 million tickets last year. But as more ticketing companies enter the fray, the company is under pressure to develop more competitive technology. Fred Rosen, Ticketmaster’s chief executive in the 1980s and ’90s, recently began a new ticketing company, Outbox, a joint venture with Cirque du Soleil and the promoter A.E.G. Live, Live Nation’s biggest competitor. Ticketmaster said it would begin to introduce its new pricing policy for concerts and sporting events this year. Notably, the announcement said it would be introduced at Live Nation’s amphitheaters, where low attendance contributed to the company’s $228.4 million loss last year. Some sports teams, like the San Francisco Giants, have been experimenting with dynamic pricing for years, but the music industry has been slow to adopt it. Concert promoters and theater owners tend to favor it as a way to sell more tickets and squeeze out scalpers, but artists often worry that they would appear to be exploiting their fans’ loyalty by maximizing price. In the announcement, Mr. Hubbard said that Ticketmaster was “relentlessly focused on improving the fan experience and giving our clients amazing tools to sell more tickets.†Some critics of the industry say fans play little part in the deal. “The people who run dynamic pricing want to pitch it as a benefit to fans for lower-priced tickets to some events,†said Joris Drayer, an assistant professor of sport and recreation management at Temple University, who studies the ticketing industry. “The reality is that this is a purely revenue-driven concept.†Despite last year’s losses, pay for Live Nation’s top executives rose last year, according to a proxy statement filed with the Securities and Exchange Commission on Friday. The total compensation for Michael Rapino, its president and chief executive, was $15.9 million, more than double his 2009 pay of $6.7 million. Irving Azoff, the executive chairman, made $22.8 million, and Mr. Hubbard earned $5.7 million. Link to comment Share on other sites More sharing options...
phishtaper Posted April 20, 2011 Report Share Posted April 20, 2011 I saw this article as well. I am not really sure why TB has to "compete against scalpers". This will have zero positive consequences for the general public. We have lost once again. Link to comment Share on other sites More sharing options...
jaybone Posted April 20, 2011 Report Share Posted April 20, 2011 (edited) Man, how many ways can one company screw us over?First they take their service fees. Then they get a piece of the secondary market with Stubhub and now they hope to take an even bigger piece of the pie by utilizing "dynamic marketing"?Won't this just force higher prices in the secondary market as well?Damn. Edited April 20, 2011 by Guest Link to comment Share on other sites More sharing options...
Velvet Posted April 20, 2011 Report Share Posted April 20, 2011 Scalpers deal directly in the "what the market will bear" area of pricing and Ticketbastard continues searching for a way to get in on it.The result will not eliminate scalping, it will eliminate the original retail end of the process. Ticketbastard will get rid of scalpers by replacing them and selling tickets themselves for what the market will bear, right out of the gate. Link to comment Share on other sites More sharing options...
Davey Boy 2.0 Posted April 20, 2011 Report Share Posted April 20, 2011 fucksakes Link to comment Share on other sites More sharing options...
hey now Posted April 20, 2011 Report Share Posted April 20, 2011 curious as to the formulas defining dynamic pricingwould this result in ticket prices for the pixies at the civic centre being reduced and some senators matchups going through the roof?perceived sellout rates over time plus actual sales equals percentage increase in price lolwow consumer protection has gotta trump this are concert tickets like oil speculationi think i might be staying local Link to comment Share on other sites More sharing options...
edger Posted April 20, 2011 Report Share Posted April 20, 2011 I think I need to sign up to Esau's newsletter to learn how to say no. Link to comment Share on other sites More sharing options...
Freak By Night Posted April 20, 2011 Report Share Posted April 20, 2011 You're right Hey Now, concert tickets are getting to be like oil speculation. It's gonna get crazy.I think I might soon be done with going to the high priced shows. Most of the bands I like to see will either be retired or dead in a few years anyway. I'll stick with the local festivals which I hope will still be priced reasonably. Link to comment Share on other sites More sharing options...
Kanada Kev Posted April 20, 2011 Report Share Posted April 20, 2011 I am not really sure why TB has to "compete against scalpers". This will have zero positive consequences for the general public. We have lost once again. That is why this is such a joke. TBastard tries to spin it so that they are doing US a favour by "competing" with scalpers.Huh? If one is competing with scalpers, then one is doing business as a scalper. This is not an attempt to STOP scalping, it's simply an effort to get the profits that scalpers are making and getting them back to TBastard. I highly doubt any of the artists will be seeing any increased revenue from these tactics whatsoever.Fuck you again TBastard. Link to comment Share on other sites More sharing options...
c-towns Posted February 27, 2019 Report Share Posted February 27, 2019 Ugghhh.... The 2019 Barrie Stones ticket buying experience explained in 2011 Nicely tucked away in Ticketmaster's website as well https://www.ticketmaster.ca/h/how-are-ticket-prices-determined.html?_ga=2.250383046.1126587937.1551232815-1285241308.1542215830 And explained in a link edger found in another thread here https://www.rollingstone.com/music/music-news/taylor-swifts-ticket-strategy-brilliant-business-or-slowing-demand-630218/ So gross. Link to comment Share on other sites More sharing options...
DevO Posted February 27, 2019 Report Share Posted February 27, 2019 So horrible. 😤 Link to comment Share on other sites More sharing options...
Freak By Night Posted February 27, 2019 Report Share Posted February 27, 2019 (edited) On 4/20/2011 at 10:16 AM, Freak By Night said: You're right Hey Now, concert tickets are getting to be like oil speculation. It's gonna get crazy. I think I might soon be done with going to the high priced shows. Most of the bands I like to see will either be retired or dead in a few years anyway. I'll stick with the local festivals which I hope will still be priced reasonably. Wow. I said that almost 8 years ago, and followed through on none of it! I go to more high-priced shows than ever, and pretty much all of the bands I like are still on the road. Edited February 27, 2019 by Freak By Night Link to comment Share on other sites More sharing options...
edger Posted May 1, 2019 Report Share Posted May 1, 2019 A silver lining perhaps? Kudos to Billy Strings. I hope more will follow https://www.jambase.com/article/cashortrade-billy-strings-partnership Link to comment Share on other sites More sharing options...
Hartamophone Posted May 2, 2019 Report Share Posted May 2, 2019 7 hours ago, edger said: A silver lining perhaps? Kudos to Billy Strings. I hope more will follow https://www.jambase.com/article/cashortrade-billy-strings-partnership That’s fantastic, and Billy is a hell of a player to boot. I’ve seen him a few times opening up for Greensky. Link to comment Share on other sites More sharing options...
Hartamophone Posted May 2, 2019 Report Share Posted May 2, 2019 7 hours ago, edger said: A silver lining perhaps? Kudos to Billy Strings. I hope more will follow https://www.jambase.com/article/cashortrade-billy-strings-partnership That’s fantastic, and Billy is a hell of a player to boot. I’ve seen him a few times opening up for Greensky. Link to comment Share on other sites More sharing options...
Hartamophone Posted May 2, 2019 Report Share Posted May 2, 2019 Link to comment Share on other sites More sharing options...
Davey Boy 2.0 Posted May 2, 2019 Report Share Posted May 2, 2019 Link to comment Share on other sites More sharing options...
edger Posted May 2, 2019 Report Share Posted May 2, 2019 Billy Strings brings the heat there is no doubt. He really blew me away despite being warned Link to comment Share on other sites More sharing options...
Davey Boy 2.0 Posted May 2, 2019 Report Share Posted May 2, 2019 I think there was a free webcast via nugz last night....he/they seem to do a lot of them Link to comment Share on other sites More sharing options...
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