http://blog.ticketbiscuit.com/2009/02/10/more-on-the-music-liberation-fund-from-ticketbiscuits-ceo/ Ticketing Commentary, Research, Rants, and Reviews Sun, 02 Jan 2011 16:04:12 +0000 hourly 1 http://wordpress.com/ http://blog.ticketbiscuit.com/2009/02/10/more-on-the-music-liberation-fund-from-ticketbiscuits-ceo/#comment-102 Tue, 24 Feb 2009 03:44:07 +0000 http://blog.ticketbiscuit.com/?p=342#comment-102 The math is pretty simple. TicketMaster earned about $1B in revenue from ticket fees in 2008. Since most of their contracts carry a 5-year term, roughly 20% of that ($200M) should be up for grabs in 2009. We estimate that we can capture 10% of those expiring contracts, which works out to $20M. We are willing to share half or more of this revenue back to venues and promoters who come on board with us via the MLF, hence the $10M figure. Those venues and promoters would then be free to share that revenue back with their patrons in the form of reduced or eliminated service fees. Unlike Ticketmaster, we do not dictate the amount of any service fee that is added to the cost of the ticket. Further, we always counsel our clients (primarily venues and promoters) to keep service fees as low as possible, as a means of encouraging advance sales.

]]> http://blog.ticketbiscuit.com/2009/02/10/more-on-the-music-liberation-fund-from-ticketbiscuits-ceo/#comment-101 Mon, 23 Feb 2009 00:21:57 +0000 http://blog.ticketbiscuit.com/?p=342#comment-101 Where did you get $10 million?

]]> http://blog.ticketbiscuit.com/2009/02/10/more-on-the-music-liberation-fund-from-ticketbiscuits-ceo/#comment-88 Fri, 13 Feb 2009 09:42:53 +0000 http://blog.ticketbiscuit.com/?p=342#comment-88 [...] But make no mistake about it: in this relentless focus on financial benefit and the money to be made, music fans, independent musicians, independent venues, and independent promoters, in my opinion , will lose out. …Continue [...]

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