5min chapter

Congressional Dish cover image

CD267: The Monopoly Powers of Live Nation/Ticketmaster

Congressional Dish

CHAPTER

How Live Nation Ticketmaster Profits From Fees

Live Nation has spent $5.4 million on lobbying with a huge spike in the last three years for how they get away with these fees. Of the $42 a fan spent on a ticket, we receive $12. But whereas live nations costs were already covered at this point in the calculation, we still need to pay for our touring costs. In our case, roughly 50% of our earnings is used to cover expenses. So that leaves us with $6 for an eight piece band, pre-tax, and we also have to pay our own health insurance. We truly do not see Live Nation as the enemy. They're just the largest player in a game that feels stacked against us

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