Imagine finding a concert ticket for $25.

You think: Nice. Cheap night out. You click. You discover the seat is now being resold for $75.

Fine. You click again. After the resale fees, you're looking at roughly $90.

Same seat. Same concert. Same barcode. Same night. So where did the extra $65 come from? This is where buying a ticket gets weird.

Because a ticket isn't really just a ticket anymore.

It can be an asset that moves through several different businesses before you sit down.

Artist. Primary sale. Broker. Resale marketplace. Buyer. Fees.

And each step can change the economics. The numbers below are a simplified example, not a specific Ticketmaster transaction. But the basic structure is very real.

And the Federal Trade Commission has made that structure the center of a lawsuit against Live Nation and Ticketmaster.

Subscribe to keep reading

This content is free, but you must be subscribed to Penny Brief to continue reading.

Already a subscriber?Sign in.Not now