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Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket brokers who sold tickets for lower rates. [1]
As demand for live music grows, so too has the price of concert tickets. But not all hope is lost: Here are 10 ways you might be able to get cheap concert tickets.
A representative for Ticketmaster tells PEOPLE in a statement, "Overall, our digital ticketing innovations have greatly reduced fraud compared to the days of paper tickets and duplicated PDFs.
This "sold-out" status increases the ticket's potential market value. Critics of the industry compare the resale of tickets online to ‘ticket touting’, ‘scalping’ or a variety of other terms for the unofficial sale of tickets directly outside the venue of an event. The late 1990s and early 2000s saw the emergence of online ticket ...
With icons like Taylor Swift on tour this summer, concert ticket purchases are booming. Unfortunately, so are ticket scams. In 2022, the Better Business Bureau (BBB) received over 140 reports on ...
A ticket exchange, also known as a secondary ticket outlet, is a market where tickets are bought and sold. Ticket exchanges allow people to buy and sell tickets online. Typically, ticket exchanges are used by individuals wanting to buy or resell tickets from other individuals rather than from the event the ticket is for.
The breached database contained limited personal information of some customers who bought tickets to events in North America (U.S., Canada and Mexico), Ticketmaster said.
The face value of Ticketmaster tickets is determined by the artist or client. [38] In addition to the face value price, venues and Ticketmaster add fees to pay for their services. [39] Typically, fees added to a ticket's face value have included: [40] [41] [42] Facility charge – Charge added by the venue.
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