Why Ticket Prices For Concerts, Sporting Events And More Have Gone Up

The video discusses the rising costs of event tickets post-pandemic, highlighting the increase in ticket prices for concerts and sports events. It explores the role of the secondary market and ticket brokers in inflating prices, as well as the impact of service fees on consumer behavior. Legislative efforts to address market control by major companies like Live Nation and Ticketmaster are also covered.

What was the average ticket price for the 100 biggest concerts in 2021?

• $50.00

• $28.50

• $151.00

• $87.10

Which sports league has the highest average ticket price?

• NHL

• Major League Soccer

• NFL

• NBA

What is one of the long-term factors affecting ticket prices?

• Secondary ticket market

• Increased artist fees

• Venue maintenance costs

• Advertising expenses

What is the average range for ticket service fees according to the Government Accountability Office?

• 35% to 40%

• 27% to 31%

• 20% to 25%

• 10% to 15%

What action did Representative Bill Pascrell take to address ticket pricing issues?

• Proposed a new tax on tickets

• Sent a letter to the FTC urging a breakup of Live Nation and Ticketmaster

• Introduced a bill to cap ticket prices

• Organized a consumer boycott