The live-music business is booming, and professional ticket scalpers are raking in a lot of money on the secondary markets. Now bands and their managers are looking to squeeze extra cash out of the live-music revenue stream by getting a piece of online ticket scalpers’ profits.
Radiohead, The Verve and more than 400 other bands have joined the Resale Rights Society, a new British industry group that wants to levy fees against websites that facilitate so-called secondary sales of tickets. The money would be used to compensate artists, managers, booking agents and promoters.
Read on (via WIRED) …
Radiohead, The Verve, Other Bands Seek Piece of Ticket Scalpers’ Action
You are aware this is one of the dumbest ideas going correct?? If you want to make money off of the secondary marketplace you simply hold back an allotment for yourself and sell them on your site. ALSO, if you think ticketbrokers are “raking” it in, you are sadly mistaken. The secondary market places such as ebay, stubhub and Ticketsnow are but the broker who HOLDS the inventory is not.