StubHub says that artists and fans – not touts - inflate ticket prices
Written on Thu 15 Mar 2012
It’s not necessarily brokers or scalpers buying up those tickets early on. Those tickets are just never made available, period. What you end up seeing are backdoor deals where the promoter, venue and artist either sell those tickets to brokers as a way of guaranteeing themselves some income, or they list it on the secondary market themselves.
….. only 13 percent of tickets ever went on sale to the public. There’s a vibrant business — with the promoters, venues and artists — on our website. I can tell you for a fact that I know a number of artists and promoters list substantial amounts of tickets for their tours through StubHub, because that’s probably what they want to charge for a ticket, but can’t do so publicly.
These words come from an interview with StubHub - the massive American secondary ticket site.
We should study them carefully. Because this week StubHub launches their UK site.
At least we admire their honesty.
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