One of the issues bubbling out of the Live Nation / Ticketmaster merger is the involvement of artists and managers in the secondary ticketing market. The Wall Street Journal has an expose whose opening paragraph makes the issue clear:“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.”The article goes on to examine Ticketmaster’s policy of listing hundreds of the best seats for some concerts on its secondary ticketing websites, and splitting the additional revenue with the artists and promoters. The WSJ also fingers recent tours by Bon Jovi, Celine Dion and Van Halen as examples of this.
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Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…