AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Snipd AI
This podcast explores the use of dynamic pricing in industries like concerts, supermarkets, and restaurants. It discusses how artists like Bruce Springsteen and Taylor Swift use dynamic pricing for their shows. It also explores the potential benefits and challenges of implementing dynamic pricing in supermarkets and the negative impact it can have on restaurants. The podcast concludes by discussing the need for regulation and transparency in dynamic pricing to protect consumers.
Read more
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Artists like Bruce Springsteen and Taylor Swift have experimented with dynamic pricing for concert tickets, facing criticism no matter the approach taken.
- Supermarkets are using dynamic pricing to prevent food waste and cater to specific customer needs, but restaurants face challenges due to negative consumer sentiment.
Deep dives
Dynamic Pricing in Concert Tickets: Balancing Pricing and Fan Loyalty
Artists like Bruce Springsteen and Taylor Swift grapple with setting ticket prices to avoid taking advantage of fans or enriching scalpers. They face criticism no matter what they choose. Springsteen's attempt to keep all tickets $95 or less backfired when tickets were resold at higher prices. Later, he introduced dynamic pricing to secure some revenue from resales, which drew backlash. Taylor Swift faced similar issues, using dynamic pricing to deter scalpers, but complaints arose about high prices. Dynamic pricing is enabled by the artists and can cause discontent among fans.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode