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Fuuuuuuck Ticketmaster https://t.co/UhMPJUoPER pic.twitter.com/LPdcueA9NT
– Barry Petchesky (@barry) September 19, 2018
When the scalpers make a successful sale, Ticketmaster makes double fees: the percentage they perceive at the initial purchase and the percentage they recover upon resale. CBC offers this example: "If Ticketmaster receives $ 25.75 on a $ 209.50 note on the initial sale, when the owner has sent it for resale at $ 400 on the site, the company will receive $ 76.50. $ extra on the same ticket. Considering that the company has initial ticket sales estimated at $ 1.6 billion in 2016 and resale revenues of more than $ 200 million, it is not small potatoes.
Addressing one of the undercover reporters, a Ticketmaster representative reportedly said: "I have brokers who literally have a few hundred accounts." This is not something we look at. or report. " If these discoveries materialize, the company could even benefit: Apparently, in addition to its TradeDesk program, Ticketmaster produces an "Official Reseller Manual" detailing the hierarchy of discounts for high-volume scalpers.
Ticketmaster did not immediately respond to our request for comment. In a statement to CBC, a spokesman said: "As the world's leading ticketing platform, representing thousands of teams, artists and venues, we believe it is our duty , buy and sell notes on the primary and secondary markets. "
According to the Hollywood Reporter, Ticketmaster, part of Live Nation, a live entertainment conglomerate, has already sued other brokerages for deploying robots to buy and resell them. Hamilton tickets at very high prices. These brokers then came back with counterclaims accusing Ticketmaster of using his own scalping systems to "double the commissions". Based on the survey conducted by CBC / Toronto Star, its TradeDesk platform seems to do just that.
In any case, New York law prohibits the use of robots that scalpers use to recover nanoseconds before fans can click on the purchase. In addition, it is also "unlawful for any person, firm, corporation or other entity to knowingly resell or offer a note that such person, firm, corporation or other entity knows to have been obtained with the assistance of # 39; a ticket purchase software. " We will update if and when we receive news from Ticketmaster.
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