r/technology Jan 13 '23 Bravo! 1 Helpful (Pro) 1

Apple CEO Tim Cook to take more than 40% pay cut Business


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u/ChillyBearGrylls Jan 13 '23

They accept huge amounts of compensation in return for being the villain, so the real villains can continue doing fucked up shit behind closed doors

Amusingly, that also describes Ticketmaster et al - they would have no price setting ability if venues and performers didn't work with them. TM is the 'heel' in the story.


u/beavedaniels Jan 13 '23

Yep! No shortage of people and organizations willing to trade the moral high ground for money haha


u/FuujinSama Jan 13 '23

It's ridiculous, even. Venues have limited tickets. Clearly, there are enough people willing to buy the inflated """"scalper"""" prices. So why not set that as the initial sell price?

Instead they pretend concerts are still "affordable" and sell cheap tickets that they themselves immediately buy to sell again at the correct price. This in turn means the people that fail to buy the affordable tickets in time blame "scalpers" and "ticket master" instead of blaming the venues and artists for having the ridiculous but correct pricing.

In truth, it's all just an artifact of huge wealth inequality. If there's an event in demand with limited lotation (say 10,000 seats), the price of that event is what the 10,000 richest people that want to see the event can afford. In a world with huge wealth inequality that might be $500 or it might be $1000 whereas a reasonable price for the average worker would be $50 or lower.

Poor people will soon be unable to attend any sort of concert. That's just how it is. No money at all in filling a venue with poor people when there are enough rich people willing to pay. This wouldn't magically change if we added laws against scalpers or anything was made about ticketmaster. The only change would be venues and artists coming clean with the whole deal.


u/mloofburrow Jan 14 '23

Except that Ticketmaster owns the venues and forces the artists to use them if they want to perform at said venues. So... no. Ticketmaster is still the asshole here.