Some time back Ticketmaster set out to buy TicketsNow for $265M. This led to concern for ticket brokers. They feared that Ticketmaster, the originator of many tickets, would now directly affect the inventory available on the secondary ticket market. More directly, ticket brokers fear that Ticketmaster will not sell all the good seats and release them to the public via TicketsNow. Ticketmaster could essentially cut Ticket Brokers out of many of the high revenue events and listings. There have been many complaints filed by Ticket Brokers to the US Justice Department with claims of Ticketmaster monopolizing the secondary ticket market.
Ticketmaster has been quiet on exactly what it will, or will not, do.
The National Association of Ticket Brokers has recently sent a letter to Ticketmaster asking them to publicly declare their intentions and business practices as it pertains to the relationship between Ticketmaster and TicketsNow.
We fully expect Ticketmaster to push the envelope as far as they can to control the secondary ticket market. Why wouldn't they? Are they there to ensure the livelihood of Ticket Brokers or to make more money for themselves? As they push the envelope, except a lot more newsletters about the impending lawsuits.
Developing…
To learn how to make money being a ticket broker, visit www.MyTicketBiz.com.
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