How are ticket prices and fees determined? (2024)

How are ticket prices and fees determined?

There are two main types of tickets sold on Ticketmaster — standard admission tickets and resale tickets. How ticket prices and fees are determined depends on the type of ticket you’re purchasing.

When it comes to standard tickets: artists, promoters, sports leagues, or teams decide how they want to sell their tickets on Ticketmaster’s marketplace. That includes setting the face value prices, determining how many tickets to sell, and when to put them on sale.

For resale tickets: the listing price is determined by the seller, which includes fans, season ticket holders, and professional resellers. Often a resale price exceeds the initial face value set by the artist or team.

In any case, ticket fees (which can include a service fee, order processing fee, and the occasional delivery fee) are determined by and shared between the parties who have a hand in making live events happen including venues, Ticketmaster, sports teams, leagues and promoters.

How are ticket prices and fees determined? (1)

What is the face value price of a ticket?

Face value refers to the price of the ticket (before fees and taxes are added). Artists, sports teams or promoters set the face value ticket price, which Ticketmaster doesn’t keep any portion of. They can also decide to change that price at any time.

Why am I seeing all-in pricing on some events?

In the case of events utilizing all-in pricing, you will see the total cost upfront including the face value price and fees. Artists, venues and sports teams can choose to use Ticketmaster’s All-In Pricing.

Additionally, some states have started to pass laws requiring all-in pricing, so any events in New York, Tennessee and Connecticut will automatically have all-in pricing shown. All-in pricing has also been instituted for all new shows in venues operated by Live Nation as of September 25, 2023. Ticketmaster continues to advocate for a national all-in pricing law.

What do the different fees mean?

Ticket fees are shared between Ticketmaster, venues, sports teams, leagues, promoters, and other parties who have a hand in making live events happen.

Here’s a detailed breakdown of each type of fee.

Service Fee: In exchange for the rights to sell their tickets, venues and sports teams share a portion of the fees collected. A service fee is charged once per ticket. Service fees may apply to in-person box office purchases depending on the venue.

Venues use their portion of the service fee to cover the costs of putting on live events. That includes employing local staff — from the people who scan your tickets, to security staff and ushers — and the day-to-day expenses of running a building throughout the year.

As a ticketing vendor selected by the venue, Ticketmaster’s portion covers the costs of the technology, people, and resources needed to provide a safe and secure ticket-buying experience. It also covers the equipment and support we provide venues with, helping them to manage their box office and seamlessly get everyone into the venue on event day.

Other than the service fee, here are other types of fees that may apply:

Order Processing Fee: This fee is charged once per order and is shared between venues or teams and Ticketmaster. Order processing fees do not apply to in-person box office purchases.

Delivery Fee: For most events, tickets are mobile and delivered directly to your Ticketmaster account for free — so your phone is your ticket. But delivery methods can vary from event to event, and you may have the option to choose physical delivery, which includes a fee.

Facility Charge: Venues use this fee to cover the costs of hosting live events, including staffing, insurance, and paying suppliers. Facility charges may vary by event and can be raised or lowered over time. Ticketmaster does not keep any portion of the facility charge.

In addition to fees collected, the total cost of the ticket also includes applicable city, state, and local taxes (provincial and Federal Goods and Services taxes in Canada).

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  • Terms of Use
  • How do I find ticket prices and fees?
  • What is the queue and how do I join?
  • How do I get a presale or offer code?
  • How Ticketmaster’s Face Value Exchange Works
How are ticket prices and fees determined? (2024)

FAQs

How are ticket prices determined? ›

Tickets are actually priced by artists and teams. It's their show, they get to decide what it costs to get in. The NFL tickets on Ticketmaster were priced by the home teams, concert tickets were priced by the performer's business teams, Monster Jam tickets were priced by its producer (Feld Entertainment), and so forth.

What is the formula for ticket price? ›

The formula for calculating the Average Ticket Price is as follows: Total Revenue Earned / Number of Tickets Sold = Average Ticket Price For example, if your business has earned $3,000 in revenue from selling 20 tickets, the average ticket price would be:$3,000 / 20 = $150.

Who determines concert ticket prices? ›

The biggest artists in music are more in control of pricing, while smaller artists are beholden to promoters. Live Nation asserts that the artist and their business team will listen to the promoter's input and then decide the final price. Even with the biggest promoters like Live Nation or AEG, this may be the case.

How are sports ticket prices set? ›

Sports ticket pricing is determined by factors such as demand, team popularity, venue capacity, and external conditions. Pricing strategies like variable pricing, dynamic pricing, season ticket packages, group sales, and premium seating are commonly used by sports organizations.

Why are fees so high for tickets? ›

“In most cases, a significant portion or a majority of those service fees get paid to the venue or the promoter of the event you're buying the ticket for,” said David Goldberg, a ticket executive and investor, in an interview done by Money.com.

How do you avoid fees when buying tickets? ›

Buy your tickets at the box office

Many venues have a good old-fashioned box office you can line up at to buy tickets when they go on sale. If you buy your tickets at the venue hosting a given show, you generally won't face fees -- or at least not the same exorbitant ones Ticketmaster is known for.

How do you calculate cost per ticket? ›

Cost per Ticket (CPT) is an IT help desk metric that shows the average cost of solving an issue or request. You can calculate it by dividing the total operating expense of a service desk by the number of tickets resolved during a specific period.

What is the pricing formula? ›

Formula for pricing a product

As a guideline, you can use this formula to establish the selling price of your product or service: Selling price = Direct costs + Indirect costs + Profit margin.

What are the formulas for cost price? ›

There are many formulae for finding cost price, but it all depends on the type of question you get. For example, Cost price = Selling price − profit ( when selling price and profit is given ) Cost price = Selling price + loss ( when selling price and loss is given )

How much money does Taylor Swift make per concert? ›

Each night, she pulls in staggering amounts of money, solidifying her status as one of the music industry's most formidable forces. The numbers speak for themselves. A source that's "close to production" of the tour revealed to Variety that Swift makes an estimated $14 million per show.

Why does Taylor Swift charge so much for tickets? ›

Why are Taylor Swift tickets so expensive and priced so high? Taylor Swift tickets are expensive because she is arguably the world's most popular touring artist. As demand has increased, so have the ticket prices. However, it's not just Taylor Swift's popularity that has caused the high prices for her The Eras Tour.

Who controls ticket prices on Ticketmaster? ›

Face value refers to the price of the ticket (before fees and taxes are added). Artists, sports teams or promoters set the face value ticket price, which Ticketmaster doesn't keep any portion of. They can also decide to change that price at any time. Why am I seeing all-in pricing on some events?

What determines the price of a ticket? ›

To set your ticket price, you need to take account not only of your costs, but also assess how much a visitor is prepared to pay to attend your event. After all, your event offers value to the visitor. This value takes different forms. It can be entertainment (if it is a concert) or knowledge (if it is a congress).

What are ticket prices based on? ›

Demand-Based Pricing: Prices are adjusted according to a market's supply and demand dynamics. When a product's supply is limited, the price increases, and when demand is low, the price decreases. Airline companies use this method to position their prices for flights.

What factors affect ticket prices? ›

The information is acquired from various sources, including Aerotime Hub, AviationFile, and Statista.
  • 1 Seasonality.
  • 2 Airline competition.
  • 3 Fuel prices.
  • 4 Time of booking.
  • 5 External factors.
Apr 27, 2024

Do ticket prices go down closer to an event? ›

Wait to get your hands on tickets closer to the show. While it may be risky for certain tours, ticket prices do drop as it gets closer to certain show dates. Again, it is a risk because many tickets will sell out, but if there are tour tickets that have been sitting around for a while, prices will most definitely drop.

What determines the price of a flight? ›

In short, distance and demand are pivotal factors that determine flight ticket prices. Travel is just like any other valuable commodity, and it's priced so that when demand is low, prices are low, to stimulate sales. Likewise, when demand is high, prices are high to capitalise on the interest.

How are ticketing systems priced? ›

Most ticketing software systems charge several dollars per ticket. A typical price is one dollar per ticket +2% of the ticket price. So, an organization selling 10,000 tickets in a year at $25 per ticket would spend approximately $15,000 on the ticketing system.

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