Why Concert Tickets Are So Expensive

CYBER

VICE

Tech News, News & Politics, Technology, News

4 • 645 Ratings

🗓️ 3 November 2022

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have you tried going to a concert recently? What about a stadium show for a popular comedian? What did it cost? How was the Ticketmaster experience? Like everything else, the price of live event tickets is on the rise.

But the reasons why aren’t as simple as inflation and the economy. Outrageous ticket prices are all about a business monopoly using an algorithm to outflank the secondary market.

It’s a surreal story and here to tell it is Motherboard editor-in-chief Jason Koebler.

Stories discussed in this episode:

Blink-182 Tickets Are So Expensive Because Ticketmaster Is a Disastrous Monopoly and Now Everyone Pays Ticket Broker Prices

The Man Who Broke Ticketmaster

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Transcript

Click on a timestamp to play from that location

0:00.0	Tadden, it's got the code it's going to launch.
0:10.7	It's a unique system.
0:13.1	I know this.
0:15.1	It's how all the files of the whole park.
0:17.3	It tells you everything.
0:19.0	Sir, he's uploading the virus.
0:21.8	Eagle One, the package is being delivered.
0:24.6	Hello out there on the internet.
0:26.3	I am Matthew Galt, and this is Cyber.
0:29.1	Have you tried to buy a concert ticket recently?
0:31.9	What about a stadium show for a popular comedian?
0:35.1	What did it cost?
0:36.5	How is the Ticketmaster experience? Like everything else, the did it cost? How is the ticket master experience?
0:39.4	Well, like everything else, the price of live event tickets is on the rise, but the reasons
0:43.7	why aren't as simple as inflation and the economy, outrageous ticket prices are all about
0:48.5	monopoly using an algorithm to outflank the secondary market. It's a surreal story, and here
0:54.1	to tell it is motherboard editor-in-chief, Jason Kebler.
0:56.5	He's been writing about this for years now.
0:58.4	His latest piece on it is, Blink 182 tickets are so expensive because Ticketmaster is a disastrous
1:04.7	monopoly, and now everyone pays ticket broker prices.
1:08.6	Jason, thank you once again for coming onto cyber and walking us through this weird complex story.
1:14.9	Long headline.
	...

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