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Why Are Concert Tickets So Expensive? Depends On Whom You Ask
Why are concert tickets so expensive? Few major players agree on what's causing prices to spike or whether the increase represents a real problem.
Prices are rising, the government claims, because Live Nation can outbid its rivals by overpaying for touring talent and making up its losses in the concert promotion sector through its affiliated businesses: venue ownership, Ticketmaster and sponsorships. The problem with this theory, many concert experts argue, is that it oversimplifies the economics of touring and lets the government off the hook for its failure to enforce the Better Online Ticket Sales Act, which was signed into law in 2016 to thwart mass ticketbuying by scalpers using bots. That failure to rein in the illegal use of software and hacking tools — which lead to huge markups on the secondary market — these experts contend, has created a pricing crisis that has made accessing tickets to popular tours at face value practically impossible.
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