Economic Crisis Reflected in Ticket Sales

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Ticketmaster, hallowed paradigm of corporate integrity that it is, has reported that it will be reducing and/or eliminating certain service charges and fees on its ticket sales due to declining economic conditions. The company was notorious for tacking on superfluous charges to transactions much to customer dissatisfaction including ‘Parking Fees’ at venues like the Fillmore that do not even offer onsite parking. This announcement when coupled with the firm’s laying off of 300 employees (5% of its global workforce) in October and the expiration of its ticketing contract with concert promoter LiveNation (who plans to launch its own rival ticket retailer) later this year may be indicators of the end of the near monopoly Ticketmaster has held over online ticket sales for many years.

Tinymixtapes offers its take on the announcement here