Carlyle Profit Slides 26% as New CEO Seeks Rebound
Carlyle Group Inc. reported a decline in second-quarter profit, underscoring the challenge facing new Chief Executive Officer Harvey
2023-08-02 19:17
Talks resume with aim to end strike by writers unions
Hollywood studios on Tuesday asked the Writers Guild back to the negotiating table in the first known talks since the nearly 100-day strike brought production of most television shows and movies to a halt.
2023-08-02 19:15
MrBeast sues to shut down the ghost-kitchen the produced MrBeast Burger
YouTuber MrBeast is suing the ghost kitchen behind the MrBeast Burger to stop production of the popular burger, claiming the company is taking advantage of his brand to expand rather than focusing on the quality of the food.
2023-08-02 18:54
Ukraine Recap: Drone Hits Ukrainian Port, Driving Wheat Higher
Russian forces struck Ukraine’s Danube River port of Izmail in a drone attack, according to government and industry
2023-08-02 18:51
Edmunds: 2023 Mercedes-Benz EQS vs. 2023 BMW i7
BMW and Mercedes-Benz are well known for their 7 Series and S-Class flagship sedans
2023-08-02 18:46
Many small US banks not ready to borrow from Fed in an emergency
By Ann Saphir The lightning-fast collapse of Silicon Valley Bank this spring laid bare an inconvenient truth: Some
2023-08-02 18:27
The US is concerned with blacklisted Chinese firm's hand in island-building near its Manila embassy
The United States has expressed concerns over major land reclamation projects in Manila Bay, where its heavily secured embassy sits on one edge
2023-08-02 18:26
World battles to loosen China's grip on vital rare earths for clean energy transition
By Ernest Scheyder and Eric Onstad Refining rare earths for the green energy transition is hard. Just ask
2023-08-02 18:21
Toyota’s Iconic Land Cruiser Returns to North America
Toyota Motor Corp. is bringing its iconic Land Cruiser back to North America next year with slimmer dimensions
2023-08-02 18:19
Traders on Alert for BOE to Hint at Faster Pace of Bond Sales
Speculation is growing the Bank of England will surprise economists by signaling an increase to the pace of
2023-08-02 17:58
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
RB Global Replaces CEO Fandozzi Amid Compensation Dispute, Sources Say
RB Global Inc., formerly known as Ritchie Bros. Auctioneers Inc., is appointing a new chief executive officer to
2023-08-02 17:51
