One important thing to know is that the venues/artists often get a kickback of part of the Ticketmaster fees. In other words, the artists, venues, producers, and Ticketmaster are in cahoots to fleece fans for as much money as possible, and Ticketmaster is willing to play the 'bad guy' and take the blame for high prices, and they get to keep a bigger slice of the overall pie than they would in a highly competitive market for ticketing services because they provide that "service".
Take away this dynamic, and the face price of tickets is going to go up, and the total price is unlikely to change substantially.
Personally, I think this would still be a net plus for society. In order for market forces to work well, you need pricing transparency.
Take away this dynamic, and the face price of tickets is going to go up, and the total price is unlikely to change substantially.
Personally, I think this would still be a net plus for society. In order for market forces to work well, you need pricing transparency.