Posted
8:46 AM
by Gene
“It’s a free-for-all,” said Arthur Fogel, head of global touring for Live Nation and U2’s longtime tour promoter. “When you are an artist charging $200, and you see that those tickets are getting sold for $400, and $200 is evaporating into an economy that you have no piece of, I don’t think that’s fundamentally fair. But it’s a reality we live with, no different than people illegally downloading music.”When do the "music" masochists stop turning their money into water vapor?“This is a huge consumer rip-off,” said Russ Haven, legislative counsel for the New York Public Interest Research group. “There is no benefit to consumers in unlimited scalping.”When do AMSPEC or NRO run some typing on its virtue?
CONSOLATION:
Ticketgouger and
CHEAP CHANNEL JR. are near record lows, with a combined market cap of
less than $450 million.