Taylor Swift vs. Ronald Reagan: The Ticketmaster story
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- Опубликовано: 16 июн 2024
- Ticketmaster botched the sale of Taylor Swift’s The Eras Tour and so many others. It’s gotten so bad - and has angered so many Taylor Swift fans - that in 2023 Congress held a hearing on antitrust law. Since the 1980s a series of policy changes have helped the firm grow to dominate every single aspect of the live events business. And Ronald Reagan is to blame. #TaylorSwift #News #Music
Read more: bit.ly/3JWY34Q
0:00 Intro
1:33 History of Antitrust Law
3:33 Ronald Reagan enters the ring
5:06 Ticketmaster begins its reign
6:04 Horizontal monopolies explained
7:51 Vertical monopolies Ticketmaster/LiveNation Merge explained
8:39 Ticketmaster sued
9:49 How bad Ticketmaster is today
12:01 How to (hopefully) fix Ticketmaster
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Post your Ticketmaster horror stories here. For research purposes.
Keep doing more of these style of videos please!
We do the podcast every week -- the intros are all kind of like this! This was an experiment in bringing it to video, I'm glad you liked it. What should we change or improve?
This was excellent. I listen to decoder weekly and my wife listens in when there’s an interesting topic she wants to know more about. However, she doesn’t always have time to listen to a full on podcast. So this direct and engaging video version is perfect for people like her. She loves Taylor Swift, and was interested in the entire situation, but isn’t interested enough in policy to listen to it without visuals accompanying it. So, some honest feedback. Thanks!
Excellent video. I love this new video Decoder recap. And the new Verge podcast video clips too. You all look different (better) than I expected 🎉
i miss buying tickets DIRECTLY from the venue and i miss actually getting a physical ticket that i can pin on my wall. growing up, my mom wouldnt let my sister and i go to many shows; now that im a young adult and have a somewhat comfortable income, i cant go to a bunch of shows like i wanted to as a kid because i cant afford it. oh but that's my """incentive""" to compete in the labor marketplace. funny how normal people are forced into competition with one another but monopolies will never be punished for eliminating theirs.
To Nilay and the team at the Verge. Thank you for making this to explain this ridiculuos monopoly TicketMaster has on the industry!!
Saw the notification for this and though a new epic rap battles of history just dropped
So the main issue was the allowance of merger of live nation and ticketmaster in 2010.
It’s insane how much Ronald Reagan harmed this country and his policies continue to harm progress even to this day.
Are you on crack Ronald Reagan was the greatest president America had
that is the definition for being conservative. not progress
Centrists be like “At least the dude was funny”
You can say that about how the US harmed the whole world, too. XD
“It’s morning in America” 🤮
Just finished reading how Beyonce fans are finding it can cost about the same to fly to Europe and buy tickets for good seats at shows there as it is to pay for the best seats in the USA, so they are opting for a show and a travel experience.
Yeah I seriously love this video format for Decoder. Big hit for me. I think it works well because it’s an explainer rather than a 1-on-1 interview, though. I thoroughly enjoy both. Either way, excited to see what’s next for the show!
It’s nice to see Taylor Swift causing a revolution in this day and age.
This why I buy my tickets at the ticket gate. They’re so much cheaper and great seats.
Ooh video Decoder! I like it!
Really enjoyed the vid. TY.
So in other words, the government's misguided attempt to promote consumer welfare has resulted in a decline in consumer welfare.
Soooort of? It's more like, the extreme laissez-faire economic policy of the 80s resulted in a decline in consumer welfare over a 40 year span because the government did not attempt to maintain market competition.
Regan never cared about the consumer
This is the most Verge video ever, and I love it.
This was a great vid, I love the Decoder podcast and would love to see more podcast-video combos!
At 9:45 you totally gloss over the role Diane Feinstein played in the merger and the deal that was struck.
how's the situation in the EU?
Overall good report. It would be great, though, if you would stop perpetuating another Chicago School/Wall Street myth: There is no such thing as a company's responsibility to "its" shareholders. Shareholders are the lowest stakeholder. Wall Street just wants you to think otherwise.
Clear Channel also owns a bunch of radio stations in the US and many billboards.
The old Clear Channel are now three independent companies: iHeartMedia (radio), Clear Channel Outdoor (outdoor advertising) and Live Nation (live entertainment).
In my opinion, public companies should have employees be primary shareholders before funding shareholders.
I didn't try to buy tickets to Taylor Swift, but I did spend half a day trying to buy Eurovision tickets. And the experience was pretty similar.
1) More stuff like this. Possibly whole decoders
2) nice to get a view of something but would love some possible next steps, “if this is interesting to you read [INSRT TITLE] from [WHATEVER PERSON OR SITE]”
Surely its that judges in the first case you mentioned who at fault
Hot take, ticket prices are not following basic supply/demand economics. Far more people are willing and able to pay far higher prices than tickets are priced at box office due to higher population and more desirable shows due to increased media propagation, but the amount of seats in any venue generally stays the same, as nobody wants to go to a show where you can barely see the live performing artist. They can perform more shows to keep supply of available seats up, but extra shows cost more money, and if you can't sell out the venue, you risk taking a loss with ticket prices that low.
Artists know this issue, but they also don't want to price their tickets so high as to hurt their public image with the vast amounts of people that CAN'T afford the high in demand tickets if they were priced accordingly to demand (which if they were priced accordingly, tickets wouldn't be near instantly selling out, but rather start higher and move cheaper and cheaper as concert date approaches to offload inventory).
Ticketmaster is simply a scapegoat to take the blame for a bad experience due to wonky economics at play.
I use AXS all the time. I thought they were the bigger company.
If you want change, stop bending over for corporations. Be like France and PROTEST. Shut down the concert and shut down ticketmaster.
Shhhh. Don't you know conservatives hate it when consumers protest against business and corp greed.
é só o povo parar de comprar qualquer coisa relacionada a eles. pronto. artistas e espaços vão ter que mudar de provider.
Don't know how no resell suits consumers...
I read "Ticklemaster"
ronald FLOPgan can never write all too well (ten minute version) (taylor's version) (from the vault)
I love it whenever there’s an opportunity to call out Thatcherism and Reagonomics.
More people should watch this!
TicketCONmaster story is decades old, how is this company still up and floating?
Where is the government investigation on this company?
Ahhh monopolies again
I just refuse to go to any concerts, I boycott ticketmaster
I love ❤ Taylor Swift.
ts>>>>
The answer is capitalism ✨ As always
It’s a me, Chris Pratt
Ticketmaster can get borked.
Man it's really always Reagan isn't it
Are you going to a different concert? Nilay, there are other musicians out there
Zombie Reagan: "Reagan ruin Taylor's concert. Reagan ruin Taylor's concert."
Taylor Swift's centrist Zoomer fans: "I was born in, like, 2001. Who's Ronald Reagan?"
Make Anti-Trust-Legistlation Great Again.
There's no monopoly here. If TM charges more in fees don't use them. They will quickly diminish. Concerts events and performers will not or should not go with TM if TM costs more to them unless they see benefit in spending that additional money. By definition this is not a monopoly but it is exactly competion.
😳
In the meantime, I'm just not going to Capitalism promoting talentless Pop-stars propelled by billion-dollar promotions.
Instead, I'm looking for up-and-coming indy bands who transcend me into a better and more curious person.
Even going to an indie event becomes almost impossible without going through one of these ticketing services.
I followed for tech not politics thanks
I hate to break it to you, but the entire tech industry is wrapped up in politics!
Have to agree with Bork. What makes America great is the size of its market. Without this advantage of large corporations, America and the world loses out
You have to at least acknowledge that this concept can go too far, a competitive market is key to successful economy and positive consumer experience. If there’s no competition there’s no incentive for them to lower their prices or improve on the user experience at all
@@sammywiener that’s how I understood Bork. Don’t break up monopolies unless they harm consumers
@@thor.mukbang Put it into practice: should we break up Live Nation?
Yeah after watching the video do you think Live Nation should be broken up since they are now harming consumers?
In my mind Taylor Swift will always be a hard-core conservative, and nothing she says or does will change my mind.
I'd take it seriously if you ran this story before you just had a tough time getting your fairy boy Taylor Swift tickets.
I have been writing about the consumer welfare standard since at least 2018 my man