Ticketmaster

2023 - 2 - 13

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Image courtesy of "CelebrityAccess ENCORE"

Ticketmaster Says, 'We Don't Control Or Keep Most Fees.' So, Who ... (CelebrityAccess ENCORE)

(Hypebot) -- Ticketmaster is pushing back on the assertion that it is the reason that concert ticket fees are so high and shifting the blame to its.

“So long as Ticketmaster was free to levy whatever service charge it deemed appropriate, Rosen was more than willing to kick back a cut to promoters and venues and even offer new clients cash advances of up to $5 million on the service charges they might bring in, according to a 1995 Associated Press article. “The (Taylor) Swift nightmare, as FTC chair Lina Khan pointed out in December, “ended up converting more Gen Zers into anti-monopolists overnight than anything I could have done.” “In most cases, venues set and keep the majority of ticketing fees,” the Live Nation-owned company wrote in a blog post. “Similarly, venues have a lot of expenses, including employing staff and keeping up with the rising costs to put on shows, including building upgrades, insurance, paying suppliers, and more. [Hypebot](https://www.hypebot.com/) and [MusicThinkTank](http://www.musicthinktank.com/), a Senior Advisor at [Bandsintown](https://www.bandsintown.com/), President of the [ Skyline Artists Agency](https://skylineonline.com/), and a professor for the [Berklee College Of Music](https://online.berklee.edu/courses/touring-101). If these fees went down, venues may have to charge artists more nightly rent, which would likely result in higher face-value ticket prices.”

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Image courtesy of "hypebot.com"

Ticketmaster says, 'we don't control or keep most fees.' So, who does ... (hypebot.com)

Where do all the concert ticket fees go? “While only a portion of the fees collected goes to Ticketmaster, what we do keep largely goes toward operating costs ...

“So long as Ticketmaster was free to levy whatever service charge it deemed appropriate, Rosen was more than willing to kick back a cut to promoters and venues and even offer new clients cash advances of up to $5 million on the service charges they might bring in, according to a 1995 Associated Press article. “In most cases, venues set and keep the majority of ticketing fees,” the Live Nation-owned company wrote in a blog post. “The (Taylor) Swift nightmare, as FTC chair Lina Khan pointed out in December, “ended up converting more Gen Zers into anti-monopolists overnight than anything I could have done.” “Similarly, venues have a lot of expenses, including employing staff and keeping up with the rising costs to put on shows, including building upgrades, insurance, paying suppliers, and more. If these fees went down, venues may have to charge artists more nightly rent, which would likely result in higher face-value ticket prices.” [Hypebot](https://www.hypebot.com/) and [MusicThinkTank](http://www.musicthinktank.com/), a Senior Advisor at [Bandsintown](https://www.bandsintown.com/), President of the [ Skyline Artists Agency](https://skylineonline.com/), and a professor for the [Berklee College Of Music](https://online.berklee.edu/courses/touring-101).

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