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Ticketmaster and Live Nation has faced backlash for their dynamic pricing system and "platinum" tickets when tickets for Bruce Springsteen's and Blink-182's 2023 tours went on sale in July and October 2022 respectively, which saw fans of both acts criticize prices for random seats across the venue going for hundreds or thousands of dollars ...
On Ticketmaster, there are a number of seats still being listed for sale. Those are designated as “Official Platinum” seats and being listed for $500 each all the way up to $1,155.
[8] [9] Two pre-sale options were made available on December 4, 2024: one through the tour's sponsor Cash App and the other via Ticketmaster's Official Platinum program. [10] On February 10, 2025, European dates for the tour were announced, expanding the total amount of shows to 36.
Ticketmaster shared a link to their website explaining that ‘platinum’ or ‘in demand’ tickets are “market-based”. “Promoters and artists set ticket prices. Prices can either be fixed ...
Ticketmaster did not dispute reports of tickets being priced through the platinum program for as high as $4–5,000. Ticketmaster is claiming that only 1.3% of total tickets so far have gone for more than $1,000. Ticketmaster further broke down the percentages on the 56% of tickets it says were sold for under $200.
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In 2009, Live Nation and Ticketmaster, a concert promotion firm and ticketing company, reached an agreement to merge. The new company received regulatory approval and was named Live Nation Entertainment. [5] [6] Michael Rapino, then CEO of Live Nation, became the new company's CEO, while Ticketmaster CEO Irving Azoff was named executive ...
Ticketmaster has defended its dynamic pricing system, saying it did not set any of the ticket prices. ... The Oasis ticket fiasco must be a watershed moment and lead to an official investigation, ...