According to Reuters, four sources have confirmed that Amazon might be making a power play against Ticketmaster. Right now Ticketmaster, currently owned by Live Nation is the country’s leader when it comes to selling tickets for a variety of events. Now Amazon is eyeing a window that would allow the Seattle based company to get a foot in the door.
According to Reuters consumers are not a fan of the ticket fees Ticketmaster requires them to pay and venue owners and sports teams want to offer their fans more distributors for tickets as they look to boost sales. They say Amazon with its large customer base and high tech method of operation could be just enough to bring a little variety to the market.
Right now Amazon is experiencing success selling tickets to west end shows in Britain, even outselling Ticketmaster in some cases. So far both Amazon and Ticketmaster have declined to comment but if the rumors are true, sounds like this monopoly game might be getting another player.
About Brian
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
