Fed's Powell to take the stage amid a suddenly choppy landscape
(Reuters) -Federal Reserve Chair Jerome Powell will take the podium in New York on Thursday with his colleagues at the
2023-10-19 21:49
DeSantis appointees seek Disney communications about governor, laws in fight over district
Appointees of Florida Gov. Ron DeSantis are seeking communications between Disney and local media, as well as documents related to the company’s position on Florida’s so-called “Don’t Say Gay” law
2023-11-18 03:29
Apple Sharply Cuts Vision Pro Headset Production Target, FT Says
Apple Inc. is cutting production targets for its long-awaited mixed-reality Vision Pro headset due to difficulties in producing
2023-07-03 12:48
Asia stocks stall, yuan slips as China cuts rates
By Tom Westbrook SYDNEY Asian stockmarkets were pinned near one-month lows on Tuesday as China cut short-term loan
2023-08-15 09:52
EU Mulls Subsidizing Transport for Ukraine’s Grain Export
The European Commission is “seriously considering” subsidizing transport of Ukrainian grain through its member states after several countries
2023-08-19 18:56
Trump Organization offloads Bronx golf course to casino company with New York City aspirations
The Trump Organization will offload its rights to operate a Bronx golf course to a company that is seeking to build a casino in New York City
2023-09-09 08:29
Who are Ben Argall and Pete Meldrum? Real estate agent and carpenter team up to compete in 'Battle on the Beach'
Ben Argall and Pete Meldrum will be coached on the show by celebrity mentors and design experts Taniya Nayak, Ty Pennington, and Alison Victoria
2023-06-05 08:22
Microvast Announces Energy Division Expansion in Colorado
STAFFORD, Texas--(BUSINESS WIRE)--Jul 11, 2023--
2023-07-11 22:17
Tickets for Taylor Swift's Eras Tour LA shows are on sale for more than $11,000
Taylor Swift is playing her last US shows on her Eras Tour in LA this month and as you can imagine there is an unprecedented demand for tickets. For those who missed out during the chaotic Ticketmaster US ticket sales back in January, fans remain determined to hear the popstar's biggest hits and are attempting to bag last-minute tickets for the sold-out shows at SoFi Stadium in Inglewood. Originally, face-value tickets sold for $49 to $449, but according to the LA Times, tickets for the first show were on sale from $800 to a whopping $11,000 each on StubHub. Sign up to our free Indy100 weekly newsletter As the first show is due to take place tomorrow (August 3), tickets are continuing to rocket in price with the most expensive listing currently being priced at $25,677 for floor seats while a Level 1 suite is $102,070. Swifties have since been taking to social media to share their tips on how to secure face-value tickets on Ticketmaster which occasionally releases tickets last minute. @joecurtains how to get eras tour tickets day of for face value on ticketmaster: aka what I did to score floor seats only 2 hours before the show started. hoping this finds the right audience so fans can get in and beat the scalpers #taylorswift #erastour #swifttok #taylorsversion #tserastour #tickets #ticketmaster #erastourphilly #guide #howto #fyp #fypシ @Taylor Swift So who's in charge of the ticket prices? Well, there are a number of different factors at play. Promotors are the ones who officially set the prices and get money from ticket sales, but given it's Taylor Swift we're talking about she would also have a hand in choosing the venues and informing the promotor where to set prices. Venues charge a facility fee for hosting the concert and are paid by the promoters for this role, some venues have exclusive deals with certain promoters while others do not. And then there are the ticket companies like Ticketmaster who sell tickets with dynamic pricing where the price of a ticket changes according to demand - a move that has received criticism (though artists can opt out of this, as Swift did). On top of this, there is also the service fee for buying the ticket online, a processing fee that "covers miscellaneous expenses associated with online ticketing", and a facility charge for the venue to host the shows. According to Ticketmaster, input is given by the artist on the service fee and facility charge. Finally, there are the resellers who purchase tickets with no intention to attend the show but rather buy tickets to turn a profit by making listings on marketplaces like StubHub and SeatGeek. Prices can shoot up as there are no limits as to what the seller can charge. “This is a truly market-driven platform,” StubHub spokesperson Jessica Finn told LA Times. “So this is really about what sellers think that the price, the value of the ticket is, and what buyers think the value of the ticket is, and they effectively agree on it with a purchase... It’s very much a dynamic marketplace, prices go up and down and we don’t meddle with that.” A team of people or software bots can be used by the reseller to nab batches of tickets - hence why Swift decided for her UK tour to do album order presales, get fans to sign up for the general sale, and have staggered ticket sales throughout the day to try and stop bots and resellers. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-02 17:57
Top UK Rolex Retailer Says Demand Strong Even as Prices Rise
Watches of Switzerland Group Plc, the biggest retailer of Rolex watches in the UK, said demand for luxury
2023-07-13 15:19
Exclusive-Cedar Fair explores merger with Six Flags-sources
By Greg Roumeliotis and David French NEW YORK U.S. amusement park operator Cedar Fair LP is exploring a
2023-11-02 02:18
Musk launches xAI to rival OpenAI, Google
Elon Musk on Wednesday launched his own artificial intelligence company, xAI, as he seeks to compete with OpenAI, the creator of ChatGPT -- a program he accuses of...
2023-07-13 03:59
You Might Like...
Hospitals’ Appetite for Borrowing Returns After Pandemic Years
Bill Gates-Backed Startup to Use Old Wood to Remove Carbon From the Air
Chicken Finger Craze Fuels $7.6 Billion Fortune for Raising Cane’s Founder
Student loan payment pause will end this year, education secretary confirms
PWC Australia CEO Steps Down Amid Tax Info Leak Scandal
Exclusive-Activist hedge fund Trian targets insurer Allstate-sources
BNSF Railway’s new Trinity River bridge now open
Elon Musk says he learned China will initiate AI regulations