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Posted On: 10/11/2021 9:46:32 PM
Post# of 32972
Love the idea. Live Nation Entertainment, Inc. (merger of Live Nation and Ticketmaster) has a market cap of +$21B and revenue last quarter of $576M.
Teams and sports fans are paying a lot of money to Live Nation
https://www.nhl.com/penguins/tickets/individual-tickets
The teams don't just sell game tickets, but there are typically other events like fan fests.
What percentage does Ticketmaster take?
On each completed transaction, the buyer pays a 10% fee, and sellers are charged a 15% fee. For example, on the sale of a $100 ticket, the buyer would pay $110. The seller would net $85.
Ahhh, that is what it was. Now the buyer pays 20%. Live Nation makes a crazy profit on tickets and pushes the price of events out of the reach of many families.
That is a lot of dough both the buyer and seller pay. Back in April there were some officials that were calling for a probe into the monopoly they have after the merger as they control 80% of the ticket market
Yeah, I think teams wouldn't mind cutting out the middleman
Teams and sports fans are paying a lot of money to Live Nation
https://www.nhl.com/penguins/tickets/individual-tickets
The teams don't just sell game tickets, but there are typically other events like fan fests.
What percentage does Ticketmaster take?
On each completed transaction, the buyer pays a 10% fee, and sellers are charged a 15% fee. For example, on the sale of a $100 ticket, the buyer would pay $110. The seller would net $85.
Ahhh, that is what it was. Now the buyer pays 20%. Live Nation makes a crazy profit on tickets and pushes the price of events out of the reach of many families.
That is a lot of dough both the buyer and seller pay. Back in April there were some officials that were calling for a probe into the monopoly they have after the merger as they control 80% of the ticket market
Yeah, I think teams wouldn't mind cutting out the middleman
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