Concert tickets have become a massive industry. In the wake of the CD market collapse, multiple groups are striving to maximize profitability on concert tours. It is rarely the fault of the band. It is the fault of the economy involved in making music and making money.
It leads to an environment where no fee tickets is a significant cost-saving. The tickets are funneled through various outlets and third-party providers. The ticket has an MSRP standing or basic “retail” price, which is the base rate for each ticket determined by the venue, the marketing team, and other parties. It represents the goal starting line for every ticket sold and helps measure budgeting for concert providers.
The Third Party System
Now, the tickets are funneled through third-party outlets, like Concer5 Tickets, who can market them as they see fit. If the base rate is $50, this is the cost demanded …