Artists Secretly Ripping Off Their Fans
03/12/2009
.
(antiMusic) The Wall Street Journal's Ethan Smith has published an interesting article about how artists are dishonestly scalping their own tickets. The worst part of this whole thing is that fans don't get the chance to actually buy the tickets at their face value; they are set aside so they can be scalped for exorbitant prices. Why don't they just sell these "select" tix directly at these insane prices and at least be honest about the whole thing? Here is part of Ethan Smith's article on this scam: Less than a minute after tickets for last August's Neil Diamond concerts at New York's Madison Square Garden went on sale, more than 100 seats were available for hundreds of dollars more than their normal face value on premium-ticket site TicketExchange.com. The seller? Neil Diamond. Ticket reselling -- also known as scalping -- is an estimated $3 billion-a-year business in which professional brokers buy seats with the hope of flipping them to the public at a hefty markup. In the case of the Neil Diamond concerts, however, the source of the higher-priced tickets was the singer, working with Ticketmaster Entertainment Inc., which owns TicketExchange, and concert promoter AEG Live. - read the rest of the article
[an error occurred while processing this directive]
Click here to read today's full report
Preview and Purchase Neil Diamond CDs
Neil Diamond Tour Dates/Tickets
Neil Diamond MP3 Downloads
| Was it Good for you? Please Fark it!, Stumble It, Digg it or more! |
 |
 |
 |
 |
| Fark | Stumble Upon | Digg | Facebook |
|
tell a friend about this article know of a news item we should cover?  antiMUSIC News featured on RockNews.info and Yahoo News
.
...end | 
