Comment by TylerE
2 years ago
The bands get more than a small cut of the various fees, and especially the upcharge things like Platinum tickets.
2 years ago
The bands get more than a small cut of the various fees, and especially the upcharge things like Platinum tickets.
No they don’t, that’s not how the money works in concerts. The bands get paid a flat fee by the promoter. You can Google this if you don’t believe me but I know from working with concert promoters.
Why would Ticketmaster/live nation pay them at all? They don’t have to, the bands don’t have any other places to play and they make most of their income from live shows.
Platinum Tickets are priced by the artists who get the bulk of the revenue.
Just to back this up, Robert Smith references Platinum Tickets here https://www.bbc.com/news/entertainment-arts-64975160
Choice quote: "It is a greedy scam and all artists have the choice not to participate. If no artists participated, it would cease to exist."
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I am fairly sure that’s not true, and also that platinum tickets are a small percent of tickets.
Do you have a source for that statement? The article about it linked below does not back up either assertion. I’m pretty sure they’re dynamically priced by a TM algo, and I’d bet little of it goes to the artists.