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The public consultation will consider views on capping resale prices on a range from the original price to up to a 30% uplift, as well as limiting the number of tickets resellers can list to the ...
Ticketmaster has said it does not set prices and that it is down to the "event organiser" who "has priced these tickets according to their market value". 'Potentially game-changing' Ticket resale ...
The public consultation will consider views on capping resale prices from the original price to up to a 30 per cent uplift, as well as limiting the number of tickets resellers can list and the ...
Ticket resale (also known as ticket scalping or ticket touting when done for profit) is the act of reselling tickets for admission to events. Tickets are bought from licensed sellers and then sold for a price determined by the individual or company in possession of the tickets.
As of 2016, ticket resale was Ticketmaster's fastest growing business. [48] In 2022, Ticketmaster was experimenting with a demand-based, dynamic pricing which would vary the ticket price based upon demand. The new system is touted to give artists a higher share of the revenues that would otherwise be coming through resale ticket sales. [49]
The high resale prices for certain tickets have attracted criticism for being prohibitive to average concert-goers, such as the 2009 Super Bowl tickets that averaged $2,500 when resold on the platform. [76] The company promised to refund the price of any ticket that fails to reach a buyer by FedEx, and sometimes sends staff to replace bad ...
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