Steve Liesman on Ticketmaster: The Monopoly Gives Them that Power to Set the Price
‘The underneath part has been completely gutted’
EXCERPT:
LIESMAN: "It’s a very tricky business right now. Who is going to step up with the technology? It’s what happens in our time, Ari. The person who comes forward with the technology owns the monopoly, and the monopoly gives them that power to set the price. They’re trying to do things like make it all inclusive in the one piece. People are starting to rebel. And the problem as a musician myself, having a band that I play in, is the underneath part has been completely gutted. That is a big problem. You have these winner-take-all — it’s a winner-take-all thing in the rest of business, it’s winner-take-all in music business."
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