Michael GirdleyGirdley Enterprises, Girdley Enterprises, Inc. · Business builder and investor

Is Ticketmaster ripping you off?

Name: Is Ticketmaster ripping you off?
Uploaded: 2024-04-10T18:06:58+00:00
Duration: 30 s
Channel: Michael Girdley
Description: In this segment of Michael Girdley's YouTube commentary, he exposes Ticketmaster's "Platinum Tickets" program. He claims that Ticketmaster pre‑purchases…

10 Apr 2024 · 1 min

Watch on YouTube

0:30

In this segment of Michael Girdley's YouTube commentary, he exposes Ticketmaster's "Platinum Tickets" program. He claims that Ticketmaster pre‑purchases a selection of tickets before they are available to the public, then resells those tickets on its own platform as "Platinum" tickets. By doing so, Ticketmaster positions itself as a reseller or scalper, presenting the tickets as if they were direct sales from the event organizer while pocketing the markup between the original price paid to the band and the price charged to consumers. The speaker frames this practice as a deceptive profit‑making scheme that harms ticket buyers.

Chapters

There's this thing called Platinum Tickets. Basically, in researching this, Ticketmaster goes through and they pick tickets that they're going to own. They're going to buy them before the public does, and then they're going to scalp them to the public directly and make them look like they're direct tickets. So if you see a Platinum Ticket when you go to any Ticketmaster website and you see where it says Platinum, that means Ticketmaster has bought that ticket. They own it and they are flipping it to you, the sucker, and making all the profit between what the band was paid and what they paid.