Not just local bands. I go to at least 10 concerts and 2 festivals each year. 60-80% of what I see are international bands. But mostly smaller bands, or big in the indie scene. A rule of thumb: never pay more than $30 for a ticket.
Hah, @Unlearning economics just did a great video on this subject as well. This is truly some nice dystopian BS. Now I’m going out to eat some peaches.
The Marx Brothers movie “A Day at the Races” has a scene where Chico is selling betting tips at the racetrack to Groucho. At one point, Chico offers something for free, but with a 1 dollar delivery charge (to a person standing 2 feet away). Groucho asks “but can’t I just move closer and pay 50 cents?” Chico’s response “yeah, but i’ll just move back and it’s a dollar all the same.” I’ve always felt like getting charged delivery fees for e-tickets is basically the head of Ticketmaster watching that scene, not as satire for how capitalism finds ways to milk the customer no matter how good a deal appears to be, but as an instruction manual.
I saw a post years ago that was hilarious. Ticketmaster charged like $10 dollars for printing your own tickets. Well, this dude provided links to dildos that were $8 dollars. He pointed out that ticketmaster's "services" were more expensive than literally f***ing yourself.
Anti-trust laws need to actually be enforced past when they first came about and then kinda not really ever again thanks to this country running on corporate greed and lobbying.
Cable is a HUGE offender. They make contracts with eachother to stay out of eachothers territory. I can use comcast or no one. But because verizon exists its not a monopoly. Even if in my area they are and they can charge absolutely INSANE prices and zero customer service because there is literally no competition
Artists started sounding the alarm about Ticketmaster back in the 90's. I remember Eddie Vedder of Pearl Jam specifically warning about the danger they presented in terms of controlling the market and that once they had the monopoly, they wouldn't provide good service because they don't have to.
Please support good local music by going to smaller local concerts (where there isn't enough money involved for the middlemen to get involved). I can almost guarantee that you'll find highly talented acts worth seeing and they'll appreciate the support, plus you can be part of a real community.
The atmosphere I general is so much better at smaller gigs. Last year I saw yard act twice. first time at Brudenell social club and second at Leeds academy, although the second was ace the first was a lot better
@@gizmotv9320 I agree so much with this. I actually don't even go to big concerts anymore, not just because of the price but also because of the sound and atmosphere. Small to medium sized venues 4 lyfe!
@@perpetualgrimace yes absolutely. I initially got a ticket to see chilli peppers last year and eventually sold it because of the sheer size of the venue which put me off massively and felt a bit guilty thinking about the bands I could see with that money which I mostly got back through selling the ticket. Biggest venue I think I can deal with is about two and a half thousand capacity but that'll only be for a act I bloody love but other than that it'll be small venues. Next month I'm seeing nova twins at a three hundred capacity venue
I went to 27 concerts my senior year of high school when I was in a minimum wage part time job. I can't afford to go to one Billie Eillish concert in my 30's. How has this company not been brought to its knees yet?
Went to 5 concerts in my teenage years I was unemployed. I'm 27 with a job and I gotta take my whole paycheck to see the people I like for one day. It's mental
I tried to get Taylor swift tickets .,.... i used to go to several concerts every year and haven't been in three years and was unable to get a ticket to the Taylor show because now nosebleeds are being sold by resale for 10 times the original
I got My weird concert anecdote with parents. I live in Mexico, in My city there's not much of a live music industry. One time some 15 years ago Creedence Clearwater Revisited did a show here and My mom (that at the time was like 57) is a CCR fan, so i bought tickets and went to the show, my mental image of her was always one of a dead serious and strict person but as soon as the band started to play she was like a hippie in Woodstock. She sang every song, dance and even chant with some unknown people in the crowd. Was weird but is one of the biggest moments of joy i saw from her.
I'm not saying I work for a concert company that is soon to be partnering with ticketmaster to sell them their tickets just so they can then be upcharged for like 250% the price, but I'm not *not* saying that either
@Michael Adler ya that is why I have not gone to a live show of anything that was not local in decades. There is no way I could afford those kinda crazy prices
Ticketmaster might be the worst thing that happened to music. A monopoly that controls all the ticket sales (and resales!) all the live events. Plus after the merge with Livenation they pretty much own the world live music business completely.
I just went to buy tickets to a concert and the GA in a small theater were $95, so I noped out real quick. Then I went to look at the other dates on the tour, just to see what the prices were in other cities. Turns out the other dates were about $60, except in one other city. So I was curious, why? Turns out the two venues that are charging $95 are both owned by Live Nation, the others were not. P.S. I very much enjoyed the subtle Presidents of the United of America reference
Here in Mexico the Bad Bunny fiasco did national headlines. The people got tickets that didn't scan in the entry, and LITERALLY thousands of those were printed in authorized places, Even the most expensive tickets didn't scan sometimes. A later picture like half hour before the show went viral and showed the supposed sold out arena half empty. People still don't get refunds.
There is a potential silver lining for all of this however. I was a professional, touring musician years ago, and I had been saying for over a decade, ticketmaster is making it almost impossible to see big artists, which means it's an even higher bar for upcoming original musicians to play at even smaller venues and build up a reputation. But after the pandemic, now is the time to stop spending money on seeing big name artists and start going to support your local music scene. And not just cover artists. By spending even half of what you would buying one seat at a stadium show, you can see 3, maybe 4 original artists, enjoy live music in a smaller, more atmospheric setting, and contribute to music growth and development, AND say fuck you to a modern monopoly. And if you're worried about big artists not making money, that's an even better reason not to support ticketmaster. Buy you're favorite bands merch, even multiple copies of their albums if you have to. The percentage they make off of everything is so abysmal, they won't see a profit either as long as ticketmaster continues its business practice. The difference is big artists have collateral and labels to fund them. Up and comers are paying out of pocket for every expense. So, get out of the house, go to your favorite bar, and give that Saturday night band a couple of bucks and a beer
I 100% agree with this. Ticketmaster really makes my punk instincts kick in and not want to give them a single penny. I honestly have never given them any of my money since I saw lady gaga at the monstervall in like what 2010 I think? 12 years ago 💀
and you can bet that if their record labels detect their profits slipping, they will act out of their own self-interest and force ticketmaster to calm its shit
Having worked for TM, the other side is Ticketmaster- the fall guy for venues and artists. Afaik, most folks, if not everyone working in TM, are super passionate about live events. Employees are encouraged to go to events to experience what the customer experiences. TM is not gonna go away as it is the best working bad-press shield to venues and artists. The technical problems are also understandable as many engineers got laid off during covid, as live events took a big hit.
I once tried to buy tickets directly from the venue, traveling there in person to try to circumvent fees. I was told they couldn't sell at the door, I had to go through ticketmaster and deal with service fees.
I worked in finance for a venue (in Europe). We as the venue set the service fees and we pay only a small amount for the ticketing to TicketMaster. The venues are the real customers of TM, just like the advertisers are the real customers of FB. They are happily the fall guys so everybody hates them instead of the venues.
20 years ago I saw a band locally by walking to the venue and paying $9 at the door. This month I am seeing them again but lack of tour locations means I have to fly past 2 states, get a hotel, uber to the show, and the tickets were $90 after fees. When tickets went on sale on Ticketmaster, I got my ticket immediately, but I saw online hundreds of ppl saying site crash and sold out after 8 seconds. I don't see myself going through the cost and effort again anytime soon.
I worked in finance for a venue (in Europe). We as the venue set the service fees and we pay only a small amount for the ticketing to TicketMaster. The venues are the real customers of TM, just like the advertisers are the real customers of FB. They are happily the fall guys so everybody hates them instead of the venues.
It's not just super huge artists in stadium shows either. Pre-sale for Deathcab for Cutie's Detroit show crashed the site, and now it's around $400 for lawn tickets!
My story isn't awkward, but I offer it up nonetheless. 😏 For my 16th birthday, my mom bought me tickets to see the Eagles in their Hell Freezes Over Tour. It was a road trip, taken by just the two of us. It was my first big concert, and featured two of her all-time favorites: Melissa Etheridge opened for the headlining band, the aforementioned Hall of Fame writers of "Hotel California." As a musical family, this was a big deal. Also, as the oldest of four, this was an even bigger deal to me, personally. So grateful, and proud, that she kickstarted the next stage of my musical obsession: live shows. And SO happy I was able to experience those acts, one an already legendary band and the other in the prime of her career, with her.
Yup, was going to see Taylor Swift with my sister and we couldn't even get in the cue, was going to see Paramore with my best friend for his birthday but we can't afford the tickets, was going to see Blink 182 but aren't paying $200 for nosebleed seats even though All the Small Things was our wedding dance song 🤷🏻♀️
Used TicketMaster for the first time last summer when trying to get tickets to a big esports championship. Me and several friends waited in the online queue to get tickets and most of us couldn't get it to load, when I eventually did, it wouldn't let me buy the tickets I had locked in. It was an absolute disaster where some of the most prominent figures in the esports industry were complaining to an audience of hundreds of thousands of people, though nothing really changed despite that. Also scalped tickets started showing up on other sites almost immediately. Later that year I planned to see a k-pop group (not BTS) in a nearby city only to find that any decent seats were $1,500+ for one person, some well over $2,000, with a few of the worst seats imaginable being $400+. After these two experiences I learned about how corrupt TM is and couldn't believe that people were putting up with this for all these years.
My hobby is going to concerts and I have never had to deal with ticketmaster... because I live in Japan. There are several major Japanese concert ticket retailers and they keep each other mostly in check. Something a certain country should probably learn from...
I can relate to the concert thing. When I was in highschool, I went to an AC/DC concert with my mom and my little brother. The gig was in Norway and we lived in Sweden. I got the tickets even when they were sold out in like 15 minutes. And this was like 10 years ago. Anyway, my mom drove us to Oslo for like 4 hours, we went to the concert and it was awesome. All of us ended up in the front row against the stage. It was like all these rockers and there was my mom, this 50 something lady, battling all those dudes for her place, not giving up an inch. Then afterwards she drove us home through a blizzard and we went to school/work the next day. Like how many moms would do that? Love you mom! Also, F Ajit Paj!
Your mom took you to a Wu-Tang Clan concert??? And it was your first? That’s the greatest thing ever! Conversely, not to date myself too much, while I was a teen during the 90s and loved the Wu Tang Clan, my mother also took me to my first concert, but it was Ray Charles… still not bad tho - definitely not complaining
Pearl Jam were onto Ticketmaster's monopoly in the mid-nineties. Unfortunately takes overzealous Taylor Swift fans 30 years on to finally get the wheels in motion.
Love the anti-capitalism path this channel has been taking lately. And I love that you remain focused on facts and backing up with research and sources, while leaving it up to the viewer to ultimately make their minds up about it after being presented with such staggering information. Also the casualness and openness with which you highlight these issues is reflective of how I've seen this new generation as a whole start to talk about this stuff. Not being afraid to get deep into the details and then present them in an open, digestible way to the point where you can't help but see the vast flaws in this current system. This gives me hope this generation will be able to finally figure things out and we can live in a Star Trek future.
Super late to this. But my first concert was when I was five or six to see a guy named George duke. He worked with Zappa pretty frequently and had a solo career. One of his more famous songs was a song by the name of dukey stick. My dad told me to run up to the stage and tell him to play it. Which I did and he played a little bit of it. I vaguely remember this. I remember the crowd cheering as I went up there.
As someone who mostly listens to electronic music and more leftfield stuff, I haven't noticed that increase in ticket price. Most of the shows I went to in the last few years were in nightclubs or small venues and would cost me around $10-$40.
My parents used to complaint to me about why "I" didn't going to enough concerts as teenager or during college. They went to concerts all the time apparently in the 70's and 80's. It was too easy to respond with 'why didn't we go to enough football games?" The answer was the same reason, price! I'd go to local shows in my city with friends who played and hosted open mics all the time in college. No one complained about not going to concert because tuition is a thing so we're all broke anyways. That how it is now and for the foreseeable future unless the monopolies are broken up!
the original ticket scoffers, they’ve been plucking up all the good tickets since the beginning of big concert events, giving reason for the resale market and gouging and the black market that came along with it
This has been going on for a long time but the dynamic pricing model began recently, a few months back I wanted to make a video talking about this. But it was only dead and company, and I figured most people wouldn't care if lawn seats were $2,000. Because until the mainstream artist like Taylor Swift has a problem nobody pays attention. But I'm glad they're paying attention now, whether it makes a difference or not remains to be seen. Probably won't make a difference because Ticketmaster and Live Nation together are the problem
I think you nailed it when you said that people are getting priced out of leisure. I work hard and make more money than every, but I don't think I'll ever be able to afford to take my family on a vacation that requires air travel. Even a week long hotel stay feels unattainable.
As someone who finally will go to my first live concert this year: thank you. It was a NIGHTMARE buying the tickets, had to do it twice because the site wasn't working correctly
As a K-pop fan, this is legit what getting tickets for K-pop concerts feels like. Even tho I’ve only been to one from what I’ve heard it’s hell every time but it’s so normalized in K-pop I didn’t think much of it until the Taylor swift situation lmao
Fr, it was a complete nightmare to get Blackpink tickets for me. I had to buy resale and they were $300 after fees for literal nosebleed seats. Prices eventually went down a bit but since I already bought my ticket, I couldn’t exchange it for cheaper seats. I’m hoping to see TXT when they go back on tour in the spring and I’m hoping it’s less of a disaster.
Used to do phone work for a Theatre Ticketing company that worked with a bunch of high-end theatres in the UK, and as soon as ticketmaster came into the conversation we all knew it was bad news. No phone line, no direct email, the theatres I worked with hate them and we as advisors hated them. Luckily they don't have a monopoly on theatre yet, but if they do, so help me.
Spent 30 dollars for a small concert by an indie artist. I can honestly say, I loved it way more than any big venue outing. Smaller crowd meant I got a great view. Plus, I had plenty of spending money for beer.
I refuse to see anymore live shows through Ticketmaster/Live Nation. It’s best if we just simply boycott them- and have them thoroughly investigated for anti-trust crimes. The monopoly needs to get broken up that preys on the talent of the artists and the finances of their loyal audiences.
Thank you for the brief comment at the end about local music. This is the key to fighting ticketmaster and helping heal/improve the music industry as a whole. You can still go to local shows and have a blast and it will never cost you more than 20$ to get in
Ticketmaster/Livenation is THE definition of a monopoly. They have to be broken up and used as an example for other companies. It’s also ridiculous that you pay services fees when you buy them and if you need to sell them, you have to list them on their resale site that takes another service fee from you and then the person that buys them has to pay a service see. I’m service feed out. Not to mention they make selling your tickets nearly impossible with those new barcodes that change every second.
As someone who actually managed to snag tickets, I can't help but feel anger at this. Ticketmaster knew damn well how many presales they had registered. Absolutely insane.
Lol, my first concert was Metallica, Linkin Park, Limp Biscuit, Mudvayne, and Deftones, it was so in middle school. My step mom took me and it was the first time I saw books in person. It was awkward as hell, but I have more memories of that concert than any of the others I've been to since.
Mum brought me to see John Denver , of all things, as a kid. And honestly i wasnt exactly feeling it (hey, I was like 10yo) until he told a rather surprising story about recievving extensive astronaut training but then being passed over in favor of a school teacher for the Space Shuttle Challenger mission that ended up blowing up over florida, maybe a year prior. That big time caught my attention and I'll always remember that story.
Thank goodness the radio is still free! While I’d love to see many of my favorite entertainers- it simply isn’t worth the price. Just imagine, if you will, everyone boycotted anything which has to do with Ticketmaster? I did. You should too 😮
I hate the "virtual queue" system so much. Even more now that I live in a country in which, instead, you have a time frame to register your interest in buying the ticket (you can also ususally chose alternate dates and/or seat types) and then a raffle determines who gets the tickets or not. And like, only a few times I didn't get it. BUT NOOOOO let's make thousands of people stay glued to a screen just because~
The pazoozoo closed many small to mid sized venues in my city. Now your only option is to go to a LiveNation or Bowery owned space. Buying a ticket to a club night comes with service fees now 😮💨
Yeah. My dad and I were tryna book a ticket for me (his ticket was free since he's my carer) to go to a Conor Maynard concert and Ticketmaster refused. We went to the venue's website and they kept referring us back to Ticketmaster. It was like this for almost 3 to 5 months before my dad finally managed to get one for me (also, I'm from Ireland. So it's not just the Americans who have to put up with this)
The notion of it being harder for us to enjoy ourselves is not lost on me at all. Even in modern gaming, the creeping in of cryptocurrencies, NFTs and "play-to-earn" schemes have turned a once loved passtime into another pocket of labour for ordinary people to heap spades of sweat into.
A part of the solution could be, go to your public library for books, movies, games, etc. It’s completely free and is a public space where one is not expected/demanded to spend money.
i once paid 20 euro a ticket for a Kim Wilde concert in the netherlands, it wasn't ticketmaster but some locals who organized the venue, it was a great concert,you don't need Ticketmaster at all as a great star
I've come up with a mathematical equation with charts and scales to better understand if the cost of the show is worth the financial burden of profiting shareholders. It usually allows one show a year with an average ticket cost (with fees) up to 120 dollars. Otherwise, I stay local, small clubs with local bands, and way better time. Plus, I can afford twice as much beer. You gotta factor beer cost into the equation.
Ticketmaster and Livenation have become the next big evil. Local big venues have book local bands as not to have to deal with them. And it seems to work. Greetings from Belgium
Ticketmaster and Livenation are destroying an already fragile ecosystem. As for knowing what a ticket price "should" be, everyone who has heard a Blink 182 live performance knows it's not worth 1000$. Support your local bands, support venues that play them, buy merch if you like the band.
Coincidentally, I JUST looked at concert tickets for the first time in years, just to find all of the tickets were bought up and reselling for 5x the price. I wondered if this was a norm for the last few years...
This is what happens when we let companies exist without strangling them with regulations. Unregulated capitalism always leads to some rich asshole owning everything and then punching down until we either stop crying and submit or go feral on them.
As an ex employee I can assure you that the only customer Ticketmaster cares about is Live Nation. Nothing and no one else matters. TM is more than willing to bend over backwards to implement any and all LN's money hungry ideas even if it makes absolutely no sense and damages their brand. It's a fundamentally toxic relationship that I personally had and still have no hope for
Lifelong metal head here, and I’ve always hated ticketmaster for all the reasons you stated in the video. Their fees are pointless and arbitrary for anyone but their shareholders and bottom line, and they have a strangle hold on the entire market. In my town, COVID ran the smaller venues out of business, where you could go see some great acts for $10 cash, but the only one that’s left now is owned and run by live nation. The prices are decent at times, but the new dynamic ticket pricing basically means any super popular acts that come are out of reach for most locals.
Haha, beautiful! Did they know what kind of a movie it was? I went with my father and his then partner (a 60-something y/o lady) to see Von Trier's "Nymphomaniac" ;__; That was something!
@@aurorakarabua-stysiak6233 lol! They knew it was an Indie/Art house film and they considered themselves patrons of somewhat obscure arts...but it was still awkward af.
Some concerts start at $300, for a few hours. No thanks. People complain about Disneyland prices. TM started forcing fees even when not using their service, so junior hockey tickets went from less than $10 to now $35+. TM is brutal beyond music.
Great timing, Wisecrack! I had just started watching "Surge Pricing Will Kill Us All" from Unlearning Economics when this video showed up on my notifications. What's the problem, you ask? You know damn well that it's Capitalism. Neo-liberal Capitalism, if you want to get technical. Problems like Surge Pricing are simply the inevitable endgame of such a system.
YES!!!! Ticketmaster has ruined the concert-going world, I used to feed of going to concerts now I go to get tickets for literally the last rows of a show to Depeche mode and the tickets are almost 300.00; let's not even talk about prices for the Taylor Swift show... Very frustrating as a concert-goer.
I remember going to Taylor Swift and Big Time Rush as a kid for 30$ a piece. The latest show I booked. Ghost was 398$ (no not resale) and a Fall out Boy concert in 2016 was 175$ its slowly been fucking me over for years.
Pop concerts and old rockstar concerts always had outrageous ticket prices. Luckily, I mostly go to metal shows, so even the most expensive ones, rarely reach or surpass $100 (still expensive, but not 400 bucks or MORE expensive!).
I used to go to lots of live music shows. I say I used to because of Ticketmaster! Screw it, I stay home and watch everything I want and even occasionally pay for online concerts; I save a ton of money too!
My first concert was Lynyrd Skynyrd when I was 9 or 10. My sister is 2 years younger. They have a song called "That Smell", and it's tradition that everyone lights up their joints when they start playing it. My sister and I didn't know what it was until my dad explained. Sister sat down with her shirt pulled up over her nose for two songs. 🤣
I've been at shows for almost my entire life because my mom's a musician and even warped tour 2001 at 3 years old cause her band got on it and had to tour!
One point worth noting is that artists have to opt in to the dynamic pricing of Ticketmaster, so they're not blameless in this either. With that said, Ticketmaster is still a monopoly that needs to be broken up.
I was one of those with “priority” for one of the shows on seatgeek…I didn’t get in for hours and when I did basically everything was gone. My friend who wasn’t given priority got in an snagged multiple sets of tickets…the whole thing is horrible and I feel like nothing will change.it’s bas for every artist now.
Libertarians: "The free market will regulate itself, and so the companies that best serve the consumer will thrive" The "free" market: "Hey, how much do you think this senator will want if we ask to make our food 85% sawdust?"
It feels like we need different branding for different monopolies, Ticketmaster and the theatres were top-down, controlling the production and distribution. Then there's monopolies like Rockefeller, who owns all of one market, and monopolies like Amazon, that own a little of everything.
There’s this bistro in my town with a 3 piece jazz band. All young killer jazz musicians. They play for tips. With a high end meal plus a hefty tip. The cost of great entertainment is less than one ticket to a big concert way less. Skip the hype, support local.
I stopped going to concerts for years and 'TicketScalper' was big reason for this, though as of last year I've started going to concerts again. Part of that reason is I now take my daughter so she can enjoy these experiences. I wait for the day when governments step in and do the right thing. Our province government (in Canada) almost instituted a law that would have affected 'TicketScalper' but then the conservative government came in and scrapped that law. I'm really glad to see many content providers doing stories on this situation, and I'm glad that even some elected officials in the US seem serious about dealing with it.
Dynamic pricing is the most beneficial when used by monopolies. For example, if a monopoly charge 25$ for a good that cost 15$, then they lose out on making a profit from everyone who would pay 15-25$. The monopoly would also lose out on any profit from individuals who would pay more than 25$ but only have to pay 25$. Dynamic pricing allows monopolies to extract the most wealth from anyone willing to over 15$ because they can price goods at the exactly the price individuals are willing to pay.
Shout out some of your favorite LOCAL BANDS that you can see without having to go through Ticketmaster!
Not just local bands. I go to at least 10 concerts and 2 festivals each year. 60-80% of what I see are international bands. But mostly smaller bands, or big in the indie scene. A rule of thumb: never pay more than $30 for a ticket.
Hah, @Unlearning economics just did a great video on this subject as well. This is truly some nice dystopian BS. Now I’m going out to eat some peaches.
My brother's band Turbo Wizard mostly plays around OKC/Tulsa. A+ live show. Recommended for people who like D&D and metal.
I don't know any local bands because they never show up in my recommendations algorithm.
Ruby the Hatchet
What pisses me off is when I get charged for the delivery of an e-ticket. Literally charged for an EMAIL.
That's one of the wildest parts . . . like . . . all of this is automated and algorithmic . . . so what are the fees for?!?!
The Marx Brothers movie “A Day at the Races” has a scene where Chico is selling betting tips at the racetrack to Groucho. At one point, Chico offers something for free, but with a 1 dollar delivery charge (to a person standing 2 feet away). Groucho asks “but can’t I just move closer and pay 50 cents?”
Chico’s response “yeah, but i’ll just move back and it’s a dollar all the same.”
I’ve always felt like getting charged delivery fees for e-tickets is basically the head of Ticketmaster watching that scene, not as satire for how capitalism finds ways to milk the customer no matter how good a deal appears to be, but as an instruction manual.
I wouldn’t mind if it was $0.50, but it’s like 10%+
I saw a post years ago that was hilarious. Ticketmaster charged like $10 dollars for printing your own tickets. Well, this dude provided links to dildos that were $8 dollars. He pointed out that ticketmaster's "services" were more expensive than literally f***ing yourself.
@@chloemchll3774 Man that scene nails it. I’ve got this book that I guess one of them wrote and damn they really hated capitalism
/s
Anti-trust laws definitely need strengthening and better enforcement.
Or, in other words, we gotta fight for our right to party.
Anti-trust laws need to actually be enforced past when they first came about and then kinda not really ever again thanks to this country running on corporate greed and lobbying.
❤
Anti trust needs strengthening in EU, they need enforcement in the US
Cable is a HUGE offender. They make contracts with eachother to stay out of eachothers territory. I can use comcast or no one. But because verizon exists its not a monopoly. Even if in my area they are and they can charge absolutely INSANE prices and zero customer service because there is literally no competition
😮🎉
Artists started sounding the alarm about Ticketmaster back in the 90's. I remember Eddie Vedder of Pearl Jam specifically warning about the danger they presented in terms of controlling the market and that once they had the monopoly, they wouldn't provide good service because they don't have to.
That's basically what all company do when they finally hold the monopoly
Please support good local music by going to smaller local concerts (where there isn't enough money involved for the middlemen to get involved). I can almost guarantee that you'll find highly talented acts worth seeing and they'll appreciate the support, plus you can be part of a real community.
And those gigs are a lot more fun, less stricting and can possibly meet whoever you have gone to see live
The atmosphere I general is so much better at smaller gigs. Last year I saw yard act twice. first time at Brudenell social club and second at Leeds academy, although the second was ace the first was a lot better
agreed!!! support your local music scene!!
@@gizmotv9320 I agree so much with this. I actually don't even go to big concerts anymore, not just because of the price but also because of the sound and atmosphere. Small to medium sized venues 4 lyfe!
@@perpetualgrimace yes absolutely. I initially got a ticket to see chilli peppers last year and eventually sold it because of the sheer size of the venue which put me off massively and felt a bit guilty thinking about the bands I could see with that money which I mostly got back through selling the ticket. Biggest venue I think I can deal with is about two and a half thousand capacity but that'll only be for a act I bloody love but other than that it'll be small venues. Next month I'm seeing nova twins at a three hundred capacity venue
I went to 27 concerts my senior year of high school when I was in a minimum wage part time job. I can't afford to go to one Billie Eillish concert in my 30's. How has this company not been brought to its knees yet?
Because of lobbying and corruption
Went to 5 concerts in my teenage years I was unemployed.
I'm 27 with a job and I gotta take my whole paycheck to see the people I like for one day.
It's mental
I tried to get Taylor swift tickets .,.... i used to go to several concerts every year and haven't been in three years and was unable to get a ticket to the Taylor show because now nosebleeds are being sold by resale for 10 times the original
Same here. Now i've just stopped going to concerts since 2019.
Because you didn't have to pay rent your senior year of high school?
I got My weird concert anecdote with parents. I live in Mexico, in My city there's not much of a live music industry. One time some 15 years ago Creedence Clearwater Revisited did a show here and My mom (that at the time was like 57) is a CCR fan, so i bought tickets and went to the show, my mental image of her was always one of a dead serious and strict person but as soon as the band started to play she was like a hippie in Woodstock. She sang every song, dance and even chant with some unknown people in the crowd. Was weird but is one of the biggest moments of joy i saw from her.
I'm not saying I work for a concert company that is soon to be partnering with ticketmaster to sell them their tickets just so they can then be upcharged for like 250% the price, but I'm not *not* saying that either
Does your company start with an “e”?
ticketmaster has been ruining entertainment for decades now
No one is forcing you to buy tickets.
@Michael Adler ya that is why I have not gone to a live show of anything that was not local in decades. There is no way I could afford those kinda crazy prices
@@mantisbogwell if you want to actually see your favorite artists live, you have no real option outside of Ticketmaster.
I wanted to go to a concert last year, but Ticketmaster was going to charge in fees exactly the amount of the ticket. It broke my heart.
@@Pantsinabucket my favorite car is a Bentley. Should the government step in to make them cheaper?
Ticketmaster might be the worst thing that happened to music. A monopoly that controls all the ticket sales (and resales!) all the live events. Plus after the merge with Livenation they pretty much own the world live music business completely.
Ticketmaster unites music fans of all kinds of all genres in unbridled hatred for them
I just went to buy tickets to a concert and the GA in a small theater were $95, so I noped out real quick. Then I went to look at the other dates on the tour, just to see what the prices were in other cities. Turns out the other dates were about $60, except in one other city. So I was curious, why? Turns out the two venues that are charging $95 are both owned by Live Nation, the others were not.
P.S. I very much enjoyed the subtle Presidents of the United of America reference
Here in Mexico the Bad Bunny fiasco did national headlines. The people got tickets that didn't scan in the entry, and LITERALLY thousands of those were printed in authorized places, Even the most expensive tickets didn't scan sometimes. A later picture like half hour before the show went viral and showed the supposed sold out arena half empty. People still don't get refunds.
There is a potential silver lining for all of this however. I was a professional, touring musician years ago, and I had been saying for over a decade, ticketmaster is making it almost impossible to see big artists, which means it's an even higher bar for upcoming original musicians to play at even smaller venues and build up a reputation.
But after the pandemic, now is the time to stop spending money on seeing big name artists and start going to support your local music scene. And not just cover artists. By spending even half of what you would buying one seat at a stadium show, you can see 3, maybe 4 original artists, enjoy live music in a smaller, more atmospheric setting, and contribute to music growth and development, AND say fuck you to a modern monopoly.
And if you're worried about big artists not making money, that's an even better reason not to support ticketmaster. Buy you're favorite bands merch, even multiple copies of their albums if you have to. The percentage they make off of everything is so abysmal, they won't see a profit either as long as ticketmaster continues its business practice. The difference is big artists have collateral and labels to fund them. Up and comers are paying out of pocket for every expense. So, get out of the house, go to your favorite bar, and give that Saturday night band a couple of bucks and a beer
I 100% agree with this. Ticketmaster really makes my punk instincts kick in and not want to give them a single penny. I honestly have never given them any of my money since I saw lady gaga at the monstervall in like what 2010 I think? 12 years ago 💀
and you can bet that if their record labels detect their profits slipping, they will act out of their own self-interest and force ticketmaster to calm its shit
Bravo. Local music is the way to go.
Big corporations that try to control everything and don't give 'the little guy' a chance to grow their own business is why we can't have nice things.
Monopolies aren't a failure of capitalism. Monopolies are the logic of capitalism carried to its ultimate conclusion.
First! All the homies hate Ticketmaster
The real homies remember when Live Nation was still their competition.
Having worked for TM, the other side is Ticketmaster- the fall guy for venues and artists.
Afaik, most folks, if not everyone working in TM, are super passionate about live events. Employees are encouraged to go to events to experience what the customer experiences.
TM is not gonna go away as it is the best working bad-press shield to venues and artists.
The technical problems are also understandable as many engineers got laid off during covid, as live events took a big hit.
@srk28290 definitely
Saying Ticketmaster is a criminal enterprise is like saying the sun is hot.
I once tried to buy tickets directly from the venue, traveling there in person to try to circumvent fees. I was told they couldn't sell at the door, I had to go through ticketmaster and deal with service fees.
I worked in finance for a venue (in Europe). We as the venue set the service fees and we pay only a small amount for the ticketing to TicketMaster. The venues are the real customers of TM, just like the advertisers are the real customers of FB. They are happily the fall guys so everybody hates them instead of the venues.
20 years ago I saw a band locally by walking to the venue and paying $9 at the door.
This month I am seeing them again but lack of tour locations means I have to fly past 2 states, get a hotel, uber to the show, and the tickets were $90 after fees.
When tickets went on sale on Ticketmaster, I got my ticket immediately, but I saw online hundreds of ppl saying site crash and sold out after 8 seconds.
I don't see myself going through the cost and effort again anytime soon.
I worked in finance for a venue (in Europe). We as the venue set the service fees and we pay only a small amount for the ticketing to TicketMaster. The venues are the real customers of TM, just like the advertisers are the real customers of FB. They are happily the fall guys so everybody hates them instead of the venues.
It's not just super huge artists in stadium shows either. Pre-sale for Deathcab for Cutie's Detroit show crashed the site, and now it's around $400 for lawn tickets!
I told you I watched this coming from a mile away. I will only support small venues and up and coming bands. Fuck ticketmaster.
My story isn't awkward, but I offer it up nonetheless. 😏
For my 16th birthday, my mom bought me tickets to see the Eagles in their Hell Freezes Over Tour. It was a road trip, taken by just the two of us. It was my first big concert, and featured two of her all-time favorites: Melissa Etheridge opened for the headlining band, the aforementioned Hall of Fame writers of "Hotel California."
As a musical family, this was a big deal. Also, as the oldest of four, this was an even bigger deal to me, personally.
So grateful, and proud, that she kickstarted the next stage of my musical obsession: live shows. And SO happy I was able to experience those acts, one an already legendary band and the other in the prime of her career, with her.
Saw this coming, had a friend buying accounts after they announced that older users were going to get faster access to seating
Ticketmaster is the sole reason I do not attend live shows anymore.
Yup, was going to see Taylor Swift with my sister and we couldn't even get in the cue, was going to see Paramore with my best friend for his birthday but we can't afford the tickets, was going to see Blink 182 but aren't paying $200 for nosebleed seats even though All the Small Things was our wedding dance song 🤷🏻♀️
Used TicketMaster for the first time last summer when trying to get tickets to a big esports championship. Me and several friends waited in the online queue to get tickets and most of us couldn't get it to load, when I eventually did, it wouldn't let me buy the tickets I had locked in. It was an absolute disaster where some of the most prominent figures in the esports industry were complaining to an audience of hundreds of thousands of people, though nothing really changed despite that. Also scalped tickets started showing up on other sites almost immediately. Later that year I planned to see a k-pop group (not BTS) in a nearby city only to find that any decent seats were $1,500+ for one person, some well over $2,000, with a few of the worst seats imaginable being $400+. After these two experiences I learned about how corrupt TM is and couldn't believe that people were putting up with this for all these years.
My hobby is going to concerts and I have never had to deal with ticketmaster... because I live in Japan. There are several major Japanese concert ticket retailers and they keep each other mostly in check. Something a certain country should probably learn from...
if the government would do it's job and enforce the anti-trust laws this wouldn't be happening.
I can relate to the concert thing. When I was in highschool, I went to an AC/DC concert with my mom and my little brother. The gig was in Norway and we lived in Sweden. I got the tickets even when they were sold out in like 15 minutes. And this was like 10 years ago.
Anyway, my mom drove us to Oslo for like 4 hours, we went to the concert and it was awesome. All of us ended up in the front row against the stage. It was like all these rockers and there was my mom, this 50 something lady, battling all those dudes for her place, not giving up an inch. Then afterwards she drove us home through a blizzard and we went to school/work the next day. Like how many moms would do that?
Love you mom!
Also, F Ajit Paj!
Your mom took you to a Wu-Tang Clan concert??? And it was your first? That’s the greatest thing ever!
Conversely, not to date myself too much, while I was a teen during the 90s and loved the Wu Tang Clan, my mother also took me to my first concert, but it was Ray Charles… still not bad tho - definitely not complaining
Pearl Jam were onto Ticketmaster's monopoly in the mid-nineties. Unfortunately takes overzealous Taylor Swift fans 30 years on to finally get the wheels in motion.
Love the anti-capitalism path this channel has been taking lately. And I love that you remain focused on facts and backing up with research and sources, while leaving it up to the viewer to ultimately make their minds up about it after being presented with such staggering information. Also the casualness and openness with which you highlight these issues is reflective of how I've seen this new generation as a whole start to talk about this stuff. Not being afraid to get deep into the details and then present them in an open, digestible way to the point where you can't help but see the vast flaws in this current system. This gives me hope this generation will be able to finally figure things out and we can live in a Star Trek future.
Thank you so so much!
Super late to this. But my first concert was when I was five or six to see a guy named George duke. He worked with Zappa pretty frequently and had a solo career. One of his more famous songs was a song by the name of dukey stick. My dad told me to run up to the stage and tell him to play it. Which I did and he played a little bit of it. I vaguely remember this. I remember the crowd cheering as I went up there.
I hate any company that charges convenience fees for no reason other than money
As someone who mostly listens to electronic music and more leftfield stuff, I haven't noticed that increase in ticket price. Most of the shows I went to in the last few years were in nightclubs or small venues and would cost me around $10-$40.
My parents used to complaint to me about why "I" didn't going to enough concerts as teenager or during college. They went to concerts all the time apparently in the 70's and 80's. It was too easy to respond with 'why didn't we go to enough football games?" The answer was the same reason, price! I'd go to local shows in my city with friends who played and hosted open mics all the time in college. No one complained about not going to concert because tuition is a thing so we're all broke anyways. That how it is now and for the foreseeable future unless the monopolies are broken up!
the original ticket scoffers, they’ve been plucking up all the good tickets since the beginning of big concert events, giving reason for the resale market and gouging and the black market that came along with it
This has been going on for a long time but the dynamic pricing model began recently, a few months back I wanted to make a video talking about this. But it was only dead and company, and I figured most people wouldn't care if lawn seats were $2,000. Because until the mainstream artist like Taylor Swift has a problem nobody pays attention. But I'm glad they're paying attention now, whether it makes a difference or not remains to be seen. Probably won't make a difference because Ticketmaster and Live Nation together are the problem
I think you nailed it when you said that people are getting priced out of leisure. I work hard and make more money than every, but I don't think I'll ever be able to afford to take my family on a vacation that requires air travel. Even a week long hotel stay feels unattainable.
As someone who finally will go to my first live concert this year: thank you. It was a NIGHTMARE buying the tickets, had to do it twice because the site wasn't working correctly
As a K-pop fan, this is legit what getting tickets for K-pop concerts feels like. Even tho I’ve only been to one from what I’ve heard it’s hell every time but it’s so normalized in K-pop I didn’t think much of it until the Taylor swift situation lmao
Fr, it was a complete nightmare to get Blackpink tickets for me. I had to buy resale and they were $300 after fees for literal nosebleed seats. Prices eventually went down a bit but since I already bought my ticket, I couldn’t exchange it for cheaper seats. I’m hoping to see TXT when they go back on tour in the spring and I’m hoping it’s less of a disaster.
Used to do phone work for a Theatre Ticketing company that worked with a bunch of high-end theatres in the UK, and as soon as ticketmaster came into the conversation we all knew it was bad news. No phone line, no direct email, the theatres I worked with hate them and we as advisors hated them. Luckily they don't have a monopoly on theatre yet, but if they do, so help me.
Spent 30 dollars for a small concert by an indie artist. I can honestly say, I loved it way more than any big venue outing. Smaller crowd meant I got a great view. Plus, I had plenty of spending money for beer.
Those shows would’ve been like €10 before ticketmaster though, 30 would’ve been for relatively locally well known acts
That's why I choose free entertainment options such as a walk in the park, an afternoon at the public library or pirating movies and games
I was a systems technician for Livenation and i can tell you for sure, corporate greed is the source of this dumpster fire.
...While Ticketmaster was fucking you, Livenation was fucking me out of an honest living.
It’s disgusting that entertainment is now a luxury item out of reach of many
I refuse to see anymore live shows through Ticketmaster/Live Nation. It’s best if we just simply boycott them- and have them thoroughly investigated for anti-trust crimes. The monopoly needs to get broken up that preys on the talent of the artists and the finances of their loyal audiences.
I totally agree, but sadly there’s gonna be enough people who are just gonna take advantage of that.
Thank you for the brief comment at the end about local music. This is the key to fighting ticketmaster and helping heal/improve the music industry as a whole. You can still go to local shows and have a blast and it will never cost you more than 20$ to get in
Ticketmaster/Livenation is THE definition of a monopoly. They have to be broken up and used as an example for other companies.
It’s also ridiculous that you pay services fees when you buy them and if you need to sell them, you have to list them on their resale site that takes another service fee from you and then the person that buys them has to pay a service see. I’m service feed out.
Not to mention they make selling your tickets nearly impossible with those new barcodes that change every second.
As someone who actually managed to snag tickets, I can't help but feel anger at this. Ticketmaster knew damn well how many presales they had registered. Absolutely insane.
Lol, my first concert was Metallica, Linkin Park, Limp Biscuit, Mudvayne, and Deftones, it was so in middle school. My step mom took me and it was the first time I saw books in person.
It was awkward as hell, but I have more memories of that concert than any of the others I've been to since.
That's a hell of a first concert! Especially with a parent!
@@WisecrackEDU It really is. My step mom is ~10 years older than me and she loves Metallica, so I definitely lucked out.
Mum brought me to see John Denver , of all things, as a kid. And honestly i wasnt exactly feeling it (hey, I was like 10yo) until he told a rather surprising story about recievving extensive astronaut training but then being passed over in favor of a school teacher for the Space Shuttle Challenger mission that ended up blowing up over florida, maybe a year prior. That big time caught my attention and I'll always remember that story.
Destined for air catastrophe
Final Destination vibes
Thank goodness the radio is still free!
While I’d love to see many of my favorite entertainers- it simply isn’t worth the price.
Just imagine, if you will, everyone boycotted anything which has to do with Ticketmaster? I did. You should too 😮
I hate the "virtual queue" system so much. Even more now that I live in a country in which, instead, you have a time frame to register your interest in buying the ticket (you can also ususally chose alternate dates and/or seat types) and then a raffle determines who gets the tickets or not.
And like, only a few times I didn't get it.
BUT NOOOOO let's make thousands of people stay glued to a screen just because~
I just buy tickets from Dice now. Local shows with smaller artists are cheaper anyway, and you get to support a small artist.
The vlogger at the start perfectly captured the shortcomings of our current economic system "Everyone above us benefits"
The pazoozoo closed many small to mid sized venues in my city. Now your only option is to go to a LiveNation or Bowery owned space. Buying a ticket to a club night comes with service fees now 😮💨
Yeah. My dad and I were tryna book a ticket for me (his ticket was free since he's my carer) to go to a Conor Maynard concert and Ticketmaster refused. We went to the venue's website and they kept referring us back to Ticketmaster. It was like this for almost 3 to 5 months before my dad finally managed to get one for me (also, I'm from Ireland. So it's not just the Americans who have to put up with this)
Props to your Mom! Wu-Tang is for the Children! 👐🏼
The notion of it being harder for us to enjoy ourselves is not lost on me at all. Even in modern gaming, the creeping in of cryptocurrencies, NFTs and "play-to-earn" schemes have turned a once loved passtime into another pocket of labour for ordinary people to heap spades of sweat into.
A part of the solution could be, go to your public library for books, movies, games, etc. It’s completely free and is a public space where one is not expected/demanded to spend money.
I am just glad that I can see Sabaton for ~50 USD. Hundreds of dollars for a concert sounds insane.
i once paid 20 euro a ticket for a Kim Wilde concert in the netherlands, it wasn't ticketmaster but some locals who organized the venue, it was a great concert,you don't need Ticketmaster at all as a great star
Shoutout to favourite local band in Umeå Sweden: Plasmablast!
I've come up with a mathematical equation with charts and scales to better understand if the cost of the show is worth the financial burden of profiting shareholders. It usually allows one show a year with an average ticket cost (with fees) up to 120 dollars. Otherwise, I stay local, small clubs with local bands, and way better time. Plus, I can afford twice as much beer. You gotta factor beer cost into the equation.
Ticketmaster and Livenation have become the next big evil. Local big venues have book local bands as not to have to deal with them. And it seems to work. Greetings from Belgium
Peaches reference not missed and was appreciated. Great song
Ticketmaster and Livenation are destroying an already fragile ecosystem. As for knowing what a ticket price "should" be, everyone who has heard a Blink 182 live performance knows it's not worth 1000$. Support your local bands, support venues that play them, buy merch if you like the band.
Coincidentally, I JUST looked at concert tickets for the first time in years, just to find all of the tickets were bought up and reselling for 5x the price. I wondered if this was a norm for the last few years...
This is what happens when we let companies exist without strangling them with regulations.
Unregulated capitalism always leads to some rich asshole owning everything and then punching down until we either stop crying and submit or go feral on them.
But… something something efficiency something wealth something!
Thanks for shouting out Lawrence, one of my all-time favorite bands!!
Ayyyeee first wisecracking video of the year let's fucking goooooo?!
"Go Swifty, go Swifty, GO! Go Swifty, go Swifty, GO! GO!" You have to imagine the Vanilla Ice beat for yourselves...
As an ex employee I can assure you that the only customer Ticketmaster cares about is Live Nation. Nothing and no one else matters. TM is more than willing to bend over backwards to implement any and all LN's money hungry ideas even if it makes absolutely no sense and damages their brand. It's a fundamentally toxic relationship that I personally had and still have no hope for
Lifelong metal head here, and I’ve always hated ticketmaster for all the reasons you stated in the video. Their fees are pointless and arbitrary for anyone but their shareholders and bottom line, and they have a strangle hold on the entire market. In my town, COVID ran the smaller venues out of business, where you could go see some great acts for $10 cash, but the only one that’s left now is owned and run by live nation. The prices are decent at times, but the new dynamic ticket pricing basically means any super popular acts that come are out of reach for most locals.
My first concert was with my father, Sabaton, was a great experience, I couldn't talk for a while.
I didn't have an awkward concert experience but my grandparents took me to see the movie "Kids" in the theatre
Haha, beautiful! Did they know what kind of a movie it was?
I went with my father and his then partner (a 60-something y/o lady) to see Von Trier's "Nymphomaniac" ;__; That was something!
@@aurorakarabua-stysiak6233 lol! They knew it was an Indie/Art house film and they considered themselves patrons of somewhat obscure arts...but it was still awkward af.
Some concerts start at $300, for a few hours. No thanks. People complain about Disneyland prices. TM started forcing fees even when not using their service, so junior hockey tickets went from less than $10 to now $35+. TM is brutal beyond music.
Great timing, Wisecrack!
I had just started watching "Surge Pricing Will Kill Us All" from Unlearning Economics when this video showed up on my notifications.
What's the problem, you ask? You know damn well that it's Capitalism. Neo-liberal Capitalism, if you want to get technical. Problems like Surge Pricing are simply the inevitable endgame of such a system.
YES!!!! Ticketmaster has ruined the concert-going world, I used to feed of going to concerts now I go to get tickets for literally the last rows of a show to Depeche mode and the tickets are almost 300.00; let's not even talk about prices for the Taylor Swift show... Very frustrating as a concert-goer.
The real company is Live Nation owner of ticket master and the products as Lollapalooza, Cirque de soleil and bigger concerts
I remember going to Taylor Swift and Big Time Rush as a kid for 30$ a piece.
The latest show I booked. Ghost was 398$ (no not resale) and a Fall out Boy concert in 2016 was 175$ its slowly been fucking me over for years.
Can't wait for DICE to take over, their approach to ticketing is so much fairer for both fans and artists
Pop concerts and old rockstar concerts always had outrageous ticket prices. Luckily, I mostly go to metal shows, so even the most expensive ones, rarely reach or surpass $100 (still expensive, but not 400 bucks or MORE expensive!).
I used to go to lots of live music shows. I say I used to because of Ticketmaster! Screw it, I stay home and watch everything I want and even occasionally pay for online concerts; I save a ton of money too!
My first concert was Lynyrd Skynyrd when I was 9 or 10. My sister is 2 years younger. They have a song called "That Smell", and it's tradition that everyone lights up their joints when they start playing it. My sister and I didn't know what it was until my dad explained. Sister sat down with her shirt pulled up over her nose for two songs. 🤣
I've been at shows for almost my entire life because my mom's a musician and even warped tour 2001 at 3 years old cause her band got on it and had to tour!
One point worth noting is that artists have to opt in to the dynamic pricing of Ticketmaster, so they're not blameless in this either. With that said, Ticketmaster is still a monopoly that needs to be broken up.
Dynamic pricing is changing grocery items, car rides and concert tickets into stock market
I was one of those with “priority” for one of the shows on seatgeek…I didn’t get in for hours and when I did basically everything was gone. My friend who wasn’t given priority got in an snagged multiple sets of tickets…the whole thing is horrible and I feel like nothing will change.it’s bas for every artist now.
"Growth at all costs will inevitably seek out cancerous and parasitic growth" - basically the US economy -
Libertarians:
"The free market will regulate itself, and so the companies that best serve the consumer will thrive"
The "free" market:
"Hey, how much do you think this senator will want if we ask to make our food 85% sawdust?"
There's no free in anything in yourself if you conquer such a level of awareness.
Starts at 3:35
It feels like we need different branding for different monopolies, Ticketmaster and the theatres were top-down, controlling the production and distribution. Then there's monopolies like Rockefeller, who owns all of one market, and monopolies like Amazon, that own a little of everything.
Does no one call the venue for tickets these days? Screw the scalper sites.
You had me at "my mom took me to a Wu-Tang Clan concert"!
There’s this bistro in my town with a 3 piece jazz band. All young killer jazz musicians. They play for tips. With a high end meal plus a hefty tip. The cost of great entertainment is less than one ticket to a big concert way less. Skip the hype, support local.
My favorite local band is Cemetary Siren and Komrades
I stopped going to concerts for years and 'TicketScalper' was big reason for this, though as of last year I've started going to concerts again. Part of that reason is I now take my daughter so she can enjoy these experiences. I wait for the day when governments step in and do the right thing.
Our province government (in Canada) almost instituted a law that would have affected 'TicketScalper' but then the conservative government came in and scrapped that law.
I'm really glad to see many content providers doing stories on this situation, and I'm glad that even some elected officials in the US seem serious about dealing with it.
I think my peach trees should bear fruit this summer.
Dynamic pricing is the most beneficial when used by monopolies. For example, if a monopoly charge 25$ for a good that cost 15$, then they lose out on making a profit from everyone who would pay 15-25$. The monopoly would also lose out on any profit from individuals who would pay more than 25$ but only have to pay 25$.
Dynamic pricing allows monopolies to extract the most wealth from anyone willing to over 15$ because they can price goods at the exactly the price individuals are willing to pay.