New Jersey Rep. Bill Pascrell Jr. demands an answer from Ticketmaster for the outrageous prices for Bruce Springsteen tickets. He has written a letter to Ticketmaster CEO Michael Rapino asking for answers to three key questions.
Some of the tickets are over $4,500 and have hit $5,000 and are part of Ticketmaster’s “dynamic pricing.” Ticketmaster stated that “events on our platform may have tickets that are ‘market rate,’ so tickets and fees can be adjusted over time based on demand.” Ticketmaster also says “prices and formats are consistent with industry standards for top performers.”
Live Nation and Ticketmaster merged in 2010 and that was it sued for allegedly violating antitrust laws and using “predatory” sales practices last year by plaintiffs from several states.
The congressman is acting on behalf of music fans who “should have the opportunity to enjoy live entertainment without ticket sales practices that cheat consumers,” he wrote in his letter, which he also posted on Twitter. He adds that Ticketmaster’s official Platinum Seats program “has resulted in fans paying exorbitant prices. In addition, the fine print in your program allows additional fee amounts to be ‘stacked on top of the already inflated prices.’
His three questions for the Ticketmaster executive are: “For Bruce Springsteen and the E Street Band’s 2023 tour: a.) How many shows will be played at venues owned, operated or exclusively booked by Ticketmaster? b.) How many of these will be played to. shows is Ticketmaster the primary ticket seller or the exclusive ticket seller?”
His final question to Ticketmaster is: “Does your company inform customers how many tickets will be available for sale, at what time and how they will be priced so they can make informed purchases [decisions]?”.
This is not the first time Pascrell has turned his attention to ticket sales. He previously called for one anti-monopoly breakup from Live Nation suggesting that their size and influence led to safety issues that created incidents such as Dave Chappelle being attacked on stage and the Astroworld tragedy.
The congressman stated at the time, “Congress needs to figure out a way to break up Live Nation,” according to New York Post.
Read the congressman’s letter below, which he posted with the caption: “Today I demanded answers from Ticketmaster about the monopoly’s role in the Springsteen tour fiasco where fans were charged upwards of $5,000 for seats.”
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