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by futevolei 706 days ago
There was an article in the LATimes article a few years ago with the former ceo of Ticketmaster who explicitly confirmed the above. Ticketmaster does a deal with the band to charge as much as possible and take all the negative blowback or whatever about it and then gives them a kickback.
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Fees split into thirds, (TM, performer, venue) is my recollection.