Yes, things can get worse:
Late this year the company plans to begin auctioning the best seats to concerts through ticketmaster.com.
With no official price ceiling on such tickets, Ticketmaster will be able to compete with brokers and scalpers for the highest price a market will bear.
“The tickets are worth what they’re worth,” said John Pleasants, Ticketmaster’s president and chief executive. “If somebody wants to charge $50 for a ticket, but it’s actually worth $1,000 on eBay, the ticket’s worth $1,000. I think more and more, our clients ? the promoters, the clients in the buildings and the bands themselves ? are saying to themselves, `Maybe that money should be coming to me instead of Bob the Broker.’ ”
(full story)
I go to concerts like people go to the movies: A LOT. But something like this, if initiated for my favorite bands, would be the final nail in the coffin for me and Ticketmaster. I don’t need it. Neither do you. Discuss.