In an interview with Rolling Stone, Alexandria Ocasio-Cortez explains why she thinks Ticketmaster and Live Nation's merger should be unwound and pushes for caps on ticket fees and resale prices.
over the weekend, Live Nation said the concert promotion and secondary markets are extremely competitive, and that its dominance in the primary market is “because of the large gap that exists between the quality of the Ticketmaster system and the next best primary ticketing system.” Live Nation also said it operates under a consent decree, adding there’s no evidence of “systeming violations” of that order. Further, it added that Ticketmaster doesn’t decide ticket prices for events.
I remember the merger being an issue way back when it was approved in 2010. That [era] largely has to do with my own political formation. There were a lot of decisions made at that time that really drew the distinction between a more neoliberal order and this emerging social movement with Occupy and everything else that really put at odds this intra-democratic party difference toward economic policy.
It’s getting to a point where if you want to see one of these large acts, there’s so little protection for everyday people that if you go into a secondary market, we are no longer in this realm of someone even charging double of what a ticket was. Tickets are going as high [tens of thousands of dollars] after what was supposed to be a presale operation designed for people who are actually going to be using the tickets that they purchase.
While the demand outpaces supply, you have scalpers coming in on that first round, In a lot of instances, you have people who are in the first round of ticket-buying with the express purpose of resale, and so this secondary market is increasingly becoming a primary market because everyday people aren’t even getting the chance to do it in the first place.
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