Ticketmaster sucks. Can blockchain be the treatment?
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When The Remedy’s frontman Robert Smith stated he was “sickened” by Ticketmaster charges, many people felt vindicated. The platform then refunded some charges, however scalpers are actually at it, too, and promoting total Ticketmaster accounts as an alternative of tickets. Is there nonetheless hope for concertgoers? — Anna
Taking part in monopoly
If you’re eager for a Ticketmaster various, you’re not alone. Whether or not you’re a fan of Taylor Swift, The Remedy or Unhealthy Bunny, causes abound to resent the self-described “world’s main stay leisure ticketing platform.”
Is all of the hate warranted? Possibly not. Or relatively, the platform would possibly simply be shouldering greater than its share of accountability. “It’s straightforward accountable Ticketmaster and say it’s their fault,” its former CEO Fred Rosen, who ran the corporate from 1982 to 1998, instructed CBC Radio in January. “What determines pricing is demand.”
Regulators in lots of international locations beg to disagree. Earlier this yr, the U.S. Senate questioned Reside Nation, which acquired Ticketmaster in 2010, over issues that it’s a monopoly.