Nemeski to entertainment · 2 months agoIn 1976, concert tickets cost less than $10. Now, they can go for thousands. What happened?www.marketplace.orgexternal-linkmessage-square13fedilinkarrow-up147arrow-down11
arrow-up146arrow-down1external-linkIn 1976, concert tickets cost less than $10. Now, they can go for thousands. What happened?www.marketplace.orgNemeski to entertainment · 2 months agomessage-square13fedilink
minus-squareagamemnonymous@sh.itjust.workslinkfedilinkarrow-up19·edit-22 months agoTicketmaster monopolized tickets, Live Nation monopolized venues. They merged. Market economies enable efficient price discovery, when there’s competition.
minus-squareHootinNHollerin@lemmy.worldlinkfedilinkarrow-up7·edit-22 months agoThe government is supposed to bust monopolies. Teddy Roosevelt is rolling in his grave
Ticketmaster monopolized tickets, Live Nation monopolized venues. They merged. Market economies enable efficient price discovery, when there’s competition.
The government is supposed to bust monopolies. Teddy Roosevelt is rolling in his grave