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by wdr1 1307 days ago
I worked at Ticketmaster as an Engineering Director for a few years. I'd be happy to share my perspective.

- Selling tickets is hard. I mean really hard. By coincidence, I just hit my 14 year mark at Google. I also spent 5 years at Yahoo! in the early 2000s. I'd like to think I've seen hard technical problems over my career. And again, ticketing is hard.

- There's not that much money it. Especially relative to the technical challenge.

- Most of the thoughts here are how to build a ticketing system that fans want. Ticketmater could already do that.

There's a few things about ticketing people don't realize:

(1) Ticketmaster doesn't own tickets. They don't see the prices. They don't set the fees. These are typically by the promoter or the artist.

(2) Ticketmaster doesn't keep much of the fees. Read LiveNation's financials. Last time I checked, I think Ticketmaster was keeping about $3 per ticket on average (i.e. revenues / tickets sold). Almost all the fees go to other parties in the value chain -- venues, promoters, artists.

3 comments

What's so hard about selling tickets? Is it a technical challenge? A sales challenge? An operational challenge? I'm having a hard time understanding how selling tickets to a concert is so hard.
Tickets aren't fungible. You can never sell the same seat twice.

You have complex business rules. How venues are laid out change. How tickets are marketed is very dynamic.

Bad actors have a strong incentive for fraud.

You have an insane delta between median traffic & traffic spikes. You need to be able to sell out the staple center in under 4 minutes to an audience of millions.

> a ticketing system that fans want. Ticketmater could already do that.

What are the reasons they don't?

My guess: the customer isn't the fan; the customer is the ticket seller.
From a technical standpoint outsider it would seem similar to payment processing/gateways. Any chance you can expand on why it is harder? I'm sure I'm not the only one that would like to know more.