Here’s an experienced “ticket broker” talking about where his industry is in 2012. From Billboard Magazine:
Ticket Scalping Sounds Like An Exciting, Evolving Industry
↵↵What do you mean by “out of control”?
↵The bots. I met a guy who told me he had 600 modems in his piece of crap strip mall store that generated so much heat the neighbor couldn’t get their temperature right.
↵[...]
↵How much risk is involved in what you do?
↵I’ll make money on Springsteen and then lose on some country act I thought was going to be hot. I throw those tickets in the garbage, but I still helped you, Live Nation. If I made $200,000-$300,000 in gross profit for a good summer, I could lose $100,000 by fucking up. That’s the nature of the business-we’re gamblers. We can’t pick every horse right. And when we picked the wrong horses, the concert industry still got paid.
↵↵Next to maybe offshore bookmaking and the entire sport of boxing, ticket brokerage has gotta be the grimiest, most cutthroat enterprise in the whole, depraved and morally bankrupt world of sports and entertainment. Pretty impressive stuff, when you think about it. Check out the full interview here.
↵(via Nate Jones)
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