Mark Novack’s Post

Ticket resellers have gone unregulated while siphoning money from the live entertainment ecosystem. They use illegal bots, speculative ticket listings, and deceitful advertising. The Fans First Act, introduced by Senators Cornyn, Klobuchar, Blackburn, Welch, Wicker and Lujan, provides artists and audiences with tools to combat predatory resellers and the use of illegal bots. Artists, music lovers, and concert attendees are urging their representatives to support the Fans First Act to combat predatory resellers’ deceptive ticketing practices and the secondary platforms that profit from them. If you are a musician and agree that predatory resellers should not be more profitable than the people dedicating their lives to their art, sign the Artist Letter to Congress to Limit Ticket Scalping and Fix Ticketing. Sign the letter here: https://loom.ly/SjjXipU #FansFirst #FixTheTix #SupportTheArts

Hot take: a specialist tax for dynamic pricing. A % of each ticket price above the base cost is paid as tax to support grass roots music venues and artists, supporting initiatives like Music Venue Trust, so the mega-successful support the currently crumbling foundations. Same for sport. Caveat: very little economic knowledge and acknowledge distributing any monies raised might be quite a complex process.

Kendrick Lamar's collaboration with Cash App to offer presale tickets for his upcoming 'Grand National Tour' with #TXDXE label mate, #SZA reflects a deep understanding of his audience's needs and promotes inclusivity in concert access. Traditionally, presale opportunities are often reserved for holders of premium credit cards like American Express (AMEX), which may not be accessible to all fans due to economic constraints. By partnering with Cash App, Lamar democratizes access, allowing a broader segment of his fan base to purchase tickets during the presale period. This initiative is particularly significant for younger generations, such as Gen X and Gen Z, who often express concerns about the high costs of LIFE and that attending a live event is a mere luxury. By leveraging a widely used platform like Cash App, Lamar makes attending his concerts more attainable, reinforcing his commitment to authenticity and connection with his audience. #KendrickLamar's partnership with #CashApp for presale ticket access exemplifies a strategic move to enhance inclusivity and authenticity in the music industry touring space, ensuring that economic barriers do not hinder fans from experiencing live performances of their favorite artists. Do you think this strategy has caused some uproar for ticket resellers on platforms like #ticketmaster? #MusicIndustry #TourLife #DiversityInclusion #MusicMarketing

Have you purchased your first royalty shares on JKBX (Jukebox) yet? Send me a screenshot of your fully set up JKBX account and I'll send you some first edition JKBX swag! *any investment amount *any song asset *while supplies last ;) Share this post to spread the word 📣 🎶 Music investing is HERE #musicinvesting #JKBX #musicroyalties

As many of you know, I am a big fan of music and attending concerts. One of my favorite genres is 2000s Alternative Rock like the White Stripes, Gorillaz and Beck. As the holiday gift buying season kicks into high gear, concert tickets and other scams are on the rise. If an offer seems too good to be true, it likely is. Scammers often promote concert tickets at steep discounts, requesting a payment upfront. Check out this post for some tips about how to spot scams. #SpotScams #ConsumerEducation #concerts

📺 We dropped our analysis of the Oasis x Ticketmaster on our Youtube channel last week. 🎸As music enthusiasts ourselves we care about the evolution of this industry. We’re really curious to get your thoughts. 🎫 How can the live event ticketing industry evolve? Which role do platforms play in this evolution and what can be done to create healthy, competitive economies that benefit all participants and help them thrive? 🔗 The link to the video is in the comments.

Are you heading to #ILMC36 this week in London, 27 Feb - 1 Mar? #ComeTogether will be there and we're ready to share the latest regarding our #digitalticketing solutions. In addition to digital ticketing and #NFTcollectibles we're also providing #NFTs with utilities. If you're not already familiar with this concept, at the simplest level they are NFTs that allow you to do something you couldn't without holding the NFT. This could be an enhanced #fanexperience for your #eventattendees or the combination of physical and digital rewards as an upgrade to your #eventtickets , just to name a few ideas. Stathis Mitskas, ComeTogether Co-founder and CPO is looking forward to meeting with you during the event. Why not book a meeting now @ https://lnkd.in/dUN4udVV to learn more about how to supercharge your next event! #eventicketing #liveevents #fanengagement https://36.ilmc.com/

Starting the week off fresh with some free industry insights! After a massive amount of work from the Bolster and Tixel team, the time has finally come and we're proud to unleash the 2024 Ticketing State of Play Report for 2024 - Front Row Centre. If you're in the music or live events space make sure to dive into the report, as there are some great insights that can be used to fuel ideas and validate some of the weird and wonderful things happening out there. https://lnkd.in/gB2usMNe

Is it just me, or do we need to start SIPs just to attend concerts now? First, Coldplay tickets made me question my life savings. Now, Karan Aujla’s ₹15-lakh tickets have BookMyShow playing the ultimate boss move—cutting out resellers and keeping the crazy profits for themselves! Why let Viagogo or some random scalper make the cool money when you can make it in-house, right? The ticketing frenzy is getting so wild that I wouldn’t be surprised if Vijay Shekhar Sharma is already texting Deepinder Goyal: "Hey, can I have Paytm’s event ticketing business back? That’s where all the real money is now!” But honestly, where does it end? ₹15-lakh tickets? Soon, concerts will need EMIs or, better yet, mutual fund plans with “concert-ready returns.” SIPs for live music—that’s the future! Are these prices justified, or have concerts become the new status symbol?