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Ticketmaster Entertainment and TicketsNow run into questions in Canada
Ticketmaster Entertainment continues to confront issues in Canada over the company's relationship with subsidiary TicketsNow.
This past summer, the company was criticized in the country over the way Elton John tickets were turning up on TicketsNow, but now a consumer advocate is vowing to turn up the heat and government officials are recommending that future complaints against the ticketing giant be directed to the police.
According to The Canadian Press, the Consumers' Association of Canada believes the relationship between the two companies should be considered illegal because fans looking for tickets on Ticketmaster's Web site are sometimes rerouted to the TicketsNow site where those tickets sell for a premium.
There are no laws in Canada preventing Ticketmaster and TicketsNow from doing this, and Joe Freeman, Senior Vice President and Associate General Counsel for Ticketmaster, told The Canadian Press in no uncertain terms that Ticketmaster is not withholding tickets from the public only to put them up for sale at higher prices on TicketsNow.
"We are giving absolutely no preferential access to ticket brokers or anyone affiliated with TicketsNow to get tickets," Freeman said. "We're not diverting tickets to TicketsNow." Freeman will be a speaker next week at Ticket Summit NYC, the ticketing industry conference and trade show scheduled for January 6-8 at the Waldorf=Astoria in New York City. The conference is presented by TicketNews's parent company TicketNetwork.
Toronto Attorney General Chris Bentley told the news service that he believes that consumers who have complaints about the two companies and their relationship should call law enforcement. "If there are those who are concerned about it, or have identified some issues, they should refer them to the police so they can investigate."
The issue dogged Ticketmaster and TicketsNow for the better part of last year, since Ticketmaster acquired TicketsNow for $265 million in early 2008. In fact, in May the companies held a one-day meeting with brokers to calm their fears that the companies were trying to freeze them out. During the meeting Ticketmaster President and CEO Sean Moriarty said that artists and their representatives were to blame for tickets turning up on TicketsNow before the public can obtain them from Ticketmaster.
"It's a conflict, it's a monopoly, it's unconscionable," Mel Fruitman, Vice President of the Canadian consumer group told The Canadian Press. "It may not be illegal, but it sure is immoral and unethical as far as I'm concerned."
Freeman disagreed, stressing that consumers now have better protections and more opportunities for buying tickets in part because of TicketsNow. "It seems to people it's instantaneous and they've never had a fair shot. It's as fair a system as we've been able to come up with short of having people wait around the block in the freezing cold, as used to happen in the good old days," he told the news service.
Ticketmaster stock, which trades under the symbol TKTM, was up slightly to about $6.50 per share after 3pm today, January 2, in first day of trading in the New Year. See ticker below.



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The most obvious story of the year.
A real argument that Canada has is that when we are so seamlessly re-directed to a TicketsNow US site from the Canadian site ticketmasterCA where the funds are posted in US and our banks charge an additional conversion fee. That really adds up! This is not explained by reps who take orders and the website does not pre convert the money as it knows we came from a website that lists in Canadian funds.
Tickets always show up on the exchange where they make there 15-20% and don't forget the shipping. Please remember they always get there cut.
I don't see what people have against tickets selling in a site where the price is market driven
Ticketsnow, Ticket exchange and the rest of the biggies are posting boards where local brokers post their tickets for sale on a website entity. Then the tix are direct shipped from the owners. Ticketmaster was a monopoly, sort of until other companies began to negotiate with promoters for rights to print primary market tickets.
The large middle men then have relationships with small brokers that snarf primary tix up, post them on their sites, take a small profit from the sale as well as fees to post. These things are not a secret. They're just not popular. Tickets on a secondary market have been a commodity for a very long time now. This shouldn't surprise anyone.
The secondary ticket market is driven by two factors. Supply and demand. Kind of like since the signing of the Magna Carta. Those that are surpirsed by this probably didn't do well in grade school. Why are things cheap? Supply and demand. Why would anything be expensive? Supply vs demand. Simple. It won't change, ever. Ticketmaster purchased one of these companies and had every right to. If this irritates anyone, feel free to find venture capitalists and buy a ticket market. Anyone can do this. Everyone has the same business rights as anyone else. Some people take advantage of laws written for everyone and some people sit broke and complain about it. Tickemaster is far from a monopoly. If they were, they would be the only company, like the gas and electric companies we pay our bills to. There are far bigger monopolies that rob us but it seems we're all comfortable with the robbery now because we don't notice it.
As a people, we can elect to buy these secondary marketed tickets, or not. It seems they're selling just fine. When the public finally gets tired of the price paid vs the price printed on the ticket, perhaps the demand will do down and the industry will go away. For now, more power to the ticket brokers.
Silly Canadians! Blame Canada...They're not even a real country anyway
Moriarty is a liar...most of the tickets on TNOW that show up before a public onsale are presale or spec.
Why do people not expose the fact that TM gives access to artists and agents/promoters to charge sky high prices while they pocket convenience charges of 20% on Ticket exchange? Those are the tickets that are magically posted right after the bell on a public onsale and were never available to the public (see Britney, Kanye, Billy and Elton, etc).
you are an idiot