The frontman said that artists had no way to limit the ticketing giant’s fees but his band had declined to participate in the ‘greedy scam’ of dynamic pricing
Earlier in the week, Smith said that the band had chosen to use the system in order to combat scalping, but had declined to participate in the company’s dynamic pricing and Platinum ticket schemes.
“We had final say in all our ticket pricing for this upcoming tour, and didn’t want those prices instantly and horribly distorted by resale,” Smith tweeted on 15 March, saying that the band had been told that the US resale business is a “multi-billion $ industry”. He continued: “We didn’t agree to the ‘dynamic pricing’/‘price surging’/‘platinum ticket’ thing … because it is itself a bit of a scam? A separate conversation.” In a subsequent tweet, he called it “a greedy scam – and all artists have the choice not to participate … if no artists participated, it would cease to exist”.Musicians such as Bruce Springsteen and Taylor Swift have used the dynamic pricing system, which has seen individual tickets go for thousands of dollars.
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