Reply to post: why would a promoter sell a $600 ticket for $100, unless money was coming back via a backchannel?

New York outlaws ticket-hoarding buybots

WatAWorld

why would a promoter sell a $600 ticket for $100, unless money was coming back via a backchannel?

Promoters and vendors should not be taking kick-backs from ticket agents and second-level ticket agents in deals kept secret from artists.

When an second-level agent can step into the middle and confidently buy up 90% the tickets in seconds to knowing with complete certainty they can be resold for a several hundred percent profit that pretty much indicates something is wrong.

Why would a promoter sell the tickets for so much less than their obvious value? Why deny himself and the artist their just rewards?

It points to the need for forensic audits to follow the path of the money. Are agents and promoters getting rewarded via some path that cuts the artists out of the loop?

I don't know the answer. But why else would a promoter sell a $600 ticket for $100, unless there was some means to make the money back via a backchannel?

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2021