Airline Ticket Model May Decide Entertainment Pricing, In 80 Seconds

Burgernomics host, Ross MacDowell summarises how the airlines Dynamic Ticket Pricing Model is now being adopted by the live entertainment industry. The system adjusts ticket prices based on supply and demand, but while musicians like Bruce Springsteen and Taylor Swift are jumping on board, music promoters are hesitant due to a potential customer backlash. This 80 second summary is great for dinner party conversation, impressing your boss or just because you need to understand why we pay what we pay for concert prices.