Events and concerts are sucking artists and organizers dry through an archaic and ineffective ticketing system. This inflexive system is dominated by three players hogging up to 80% of the generated revenue. Its failure to evolve with the times has created loopholes for unscrupulous individuals to exploit artists and organizers.
First off, it has enabled the emergence of an uncontrolled secondary market. Here, bad actors make a killing reselling tickets exorbitantly to clueless fans, and obviously, they don't share profits with the creators and planners.
Further, the inefficiencies of the current ticketing systems have given rise to scalping. Unethical parties use bots to get unauthorized access to concert and event tickets. They then print
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