TM captures $500m for event organisers from resale
The company has revealed the figure after a US congressman queried its dynamic pricing model for Bruce Springsteen's 2023 tour
News By James Hanley | 8 September 2022
Ticketmaster says its dynamic pricing model has captured over $500 million for artists and event organisers from resale markets in 2022. The company revealed the figure in response to criticism from a US congressman over its dynamic pricing model for Bruce Springsteen’s 2023 tour.
Many fans reacted with uproar after individual tickets reached more than $5,000 via Ticketmaster’s market-based pricing when the first wave of The E Street Band’s US tour dates went on sale in July.
The backlash prompted Bill…
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