TRY FOR FREE

How FinTech Can Save the Live Events Industry

Technology has always been a double-edged sword for the live events industry. Re-sellers – whether they’re digital bots or real-life scalpers – can force fans to buy tickets for more than triple their face value. Some estimates suggest that about 60% of the hottest tickets are bought by bots. In the process, ticketing platforms and artists lose control over both their inventory and their cash flow.

Ultimately, the public has almost no chance of getting great seats to the best events at their original price. Ticket brokers, meanwhile, make huge profits on the secondary markets. In the secondary market, tickets are resold at an average markup of 49% (which coul ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED