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.