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    Ticketmaster sucks. Can blockchain be the remedy?

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    elcome to the starcrypto Trade, a weekly startups-and-markets publication. It’s impressed by the day by day starcrypto+ column the place it will get its title. Need it in your inbox each Saturday? Enroll right here.

    When The Remedy’s frontman Robert Smith mentioned he was “sickened” by Ticketmaster charges, many people felt vindicated. The platform then refunded some charges, however scalpers are actually at it, too, and promoting whole Ticketmaster accounts as a substitute of tickets. Is there nonetheless hope for concertgoers? — Anna

    Taking part in monopoly

    If you’re eager for a Ticketmaster different, you’re not alone. Whether or not you’re a fan of Taylor Swift, The Remedy or Unhealthy Bunny, causes abound to resent the self-described “world’s main stay leisure ticketing platform.”

    Is all of the hate warranted? Possibly not. Or fairly, the platform may simply be shouldering greater than its share of accountability. “It’s straightforward in charge Ticketmaster and say it’s their fault,” its former CEO Fred Rosen, who ran the corporate from 1982 to 1998, instructed CBC Radio in January. “What determines pricing is demand.”

    Regulators in lots of international locations beg to disagree. Earlier this 12 months, the U.S. Senate questioned Reside Nation, which acquired Ticketmaster in 2010, over issues that it’s a monopoly.

    See also  India probing ‘a number of’ crypto instances for cash laundering, seizes over $115 million

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