Your Morning Coffee Podcast Episode 251
May 26, 2025
Randy Nichols, a music industry innovator and live ticketing advocate, brings vital insights on unfair practices in the live ticketing sector. He discusses the troubling influence of bots and ticket scalpers, urging for direct communication with policymakers to combat these issues. The conversation also highlights Live Nation's business practices, raising antitrust concerns and exploring the economic challenges faced by independent venues. Finally, they touch on the shifting landscape of music touring and the importance of legislative support for artists.
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Unfair Live Ticketing Practices
- Live ticketing suffers from manipulation due to automated bots, speculative listings, and deceptive affiliate networks.
- These unchecked practices create an unfair market where fans rarely get equitable access to tickets.
Deceptive Ticketing URLs
- Deceptive URLs mislead buyers into thinking they are purchasing from legitimate venues or official sources.
- Offshore affiliate networks exploit this loophole, evading legal regulations and confusing consumers.
Scalper Financing Loans
- Loans empower scalpers to buy tickets in bulk without upfront capital, locking them into costly ecosystems.
- These finance mechanisms enable scalpers to outcompete everyday consumers by leveraging ticket collateral.