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Controversial dynamic ticket pricing to be banned in Australia amid sweeping federal crackdown
(www.theguardian.com)
this post was submitted on 15 Oct 2024
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"Ticketing giants Ticketmaster and Ticketek have defended the practice, saying prices were set by artists and their teams, and that demand-driven pricing mitigates the problem of ticket scalping."
People were fed up with scalpers overcharging for tickets, so we decided to overcharge in their place. Problem solved, you're welcome!
And it benefits the scalpers as well, who can point at the inflated retail prices and ask for even more.