They add no value which is why they are called ‘scalpers’

I’ve not blogged about the entertainment industry much recently which is partly why this article – ‘The Concert Industry is Still Broken’ – caught my eye.  In it there’s some pretty robust language being used by entertainers who feel their fans are being ripped off by so-called ‘scalpers’.  These operate by obtaining large number of concert tickets and then reselling them at inflated prices in the secondary market.   And its big business, estimated to be worth $8 billion a year.

The article discusses how the scalpers go about their business: how entertainers and promoters are trying to prevent them capturing up to 20% of all high demand concert tickets; and what role regulators and governments should play in preventing this practice.

This entry was posted in Chap 05 Supply chain, Sector: Entertainment & Sport and tagged , , . Bookmark the permalink.

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