Springsteen and the Scourge of Concert Ticket Pricing

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3 • 847 Ratings

🗓️ 8 August 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt is joined by Bloomberg’s Lucas Shaw to discuss the demand-driven dynamic pricing system that recently set prices as high as $5,000 for Bruce Springsteen tickets. They get into the surge in concert ticket prices, the monopolistic control Live Nation has over the market, and how much responsibility the artist carries. Host: Matt Belloni Guest: Lucas Shaw Producer: Craig Horlbeck Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	It's summertime. The weather is beautiful. What a perfect time to stay inside and look at our fantasy football rankings and sleepers at fantasy football.com. And check out our pod with Danny Kelly, Danny Heifitz, and me, Craig Horlebeck at The Ringer Fantasy Football Show on Spotify or wherever you get your podcasts.
0:20.1	Being a marketer is no sweat.
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0:26.1	Okay, fine.
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0:32.5	Get started at HubSpot.com slash marketers.
0:34.9	Toy car to Danny from me.
0:37.5	Fluffy slippers to Emma from me?
0:39.8	The Cheesy McChryspy.
0:41.2	To me from me.
0:42.9	Treat yourself to the new Cheesy McChisbee from McDonald's
0:45.3	with the delicious cheese sauce, cheese slices and crispy onions.
0:48.3	Go on. You've earned it.
0:51.1	Available until the 5th of Jan.
0:52.4	Serve from 11am, participating in restaurants only, subject to availability.
0:56.0	All right, it is Monday, August 8th.
0:59.0	One of the biggest beneficiaries of this so-called post-COVID or dealing with COVID economy has been the live music touring business.
1:09.0	By a couple estimates, it's going to be more than $30 billion in
1:13.4	revenue this year. Along with that comes the issue of ticketing. This has been a controversial
1:20.5	issues for decades now. I remember back in the 90s when Pearl Jam declared war on Ticketmaster,
1:27.7	went before Congress, testified,
	...

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