Culture
Anti-hero: Ticketmaster is in the spotlight, for all the wrong reasons

Anti-hero: Ticketmaster is in the spotlight, for all the wrong reasons

David Crowther

The swiftest inquisition

‍Taylor Swift fans were left frustrated this week when they were unable to purchase pre-sale tickets for Swift's first tour in 5 years. At the centre of the chaos is online booking platform Ticketmaster, which crashed following “unprecedented demand”. The company eventually cancelled the rest of the planned public ticket sale that was slated to start today.

Upset fans inundated Tennessee's attorney general with consumer protection complaints as calls for more serious scrutiny of Ticketmaster grow louder.

‍The anti-hero

‍The crux of the complaint against the company has its origins in the 2010 merger between the world's largest ticket provider, Ticketmaster, and the world's largest concert promoter, Live Nation. This formed Live Nation Entertainment, which now has a near monopoly on live events with three distinct lines of business in concerts, ticketing, and sponsorship & ad revenue.

In terms of revenue, Live Nation remains the headline act, with concerts taking in $10.1bn, and ticketing only $1.6bn, in the first nine months of 2022. But running live events is a costly business and, after paying for the performer, the venue, agents, producers and everything else, margins in that business tend to be slim. The ticketing side, however, has much lower overhead costs — raking in an operating profit of some ~$450m so far this year, a margin north of 28%.

The Swift fiasco is now reigniting accusations that Live Nation Entertainment is too powerful, too profitable and is strangling competition in live entertainment. Senator Amy Klobuchar, who chairs the Senate Judiciary Subcommittee on Competition Policy, criticized the company for continuing to "abuse its market position".

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Tom Jones

The BBC has become the world’s top news website... by collapsing a little less than its competition

Press Gazette just published its annual look at the biggest news sites in the world across all languages; for the most part, it doesn’t make for particularly pretty reading.

The journalism industry publication’s latest update, which is based on estimates provided by Similarweb for May, found that 37 of the world’s 50 most visited news sites saw their reach shrink. Press Gazette highlighted that American outlets have been hit particularly hard by declining Google traffic compared to European counterparts, owing to the platform’s AI features rolling out earlier in the US.

Even the BBC, having climbed the rankings from last year to top the 2026 chart — reportedly in part thanks to Similarweb’s decision to combine the “.co.uk” and “.com” versions of the URL, given that the sites redirect to each other depending on the user’s location — showed a 1.9% decline from last year.

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Last night’s Tony Awards were a curtain call for a record-smashing season on Broadway

This year’s star-studded theater awards wrapped up the highest-grossing season Broadway’s ever seen.

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Kids these days are listening to more songs from the good old days

Music nostalgia is in full swing, and the younger listeners of today appear to be partying like it’s pre-1999.

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Saleah Blancaflor

Drake whiffs on an expected No. 1 on Spotify

Drake started at the bottom and he’s here, but not quite at the top... of Spotify, at least.

It’s been nearly three weeks since Drake dropped his three surprise albums — “Iceman,” “Habibti,” and “Maid of Honour.” Heading into the month, prediction markets were rating it a near certainty, a 98% chance, that Drake’s sonic onslaught was enough to snag the No. 1 slot on Spotify at least once in June.

But, while he surpassed the late Michael Jackson and took up three slots on the Billboard album chart at once, his newly released songs haven’t quite cracked the popular music-streaming platform’s top charts, and market seem to think the moment has passed.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Spotify’s “Top Songs - Global” chart currently show that Jackson’s “Billie Jean,” which is more than four decades old, Justin Bieber’s “Beauty and a Beat,” which climbed back to the top of Spotify charts following his Coachella set in the spring, Olivia Rodrigo’s new angsty love song “The Cure,” and BTS’s “Swim” are all ahead of Drake’s “STFU Janice” from his “Iceman” album.

While Spotify previously reported last month that Drake’s “Make Them Cry” was the most streamed album in a single day this year, that was later revealed to be a data error.

Prediction markets currently show traders are betting there’s only a 15% chance Drake will have a No. 1 song on Spotify in June.

Meanwhile, Taylor Swift is in the lead at 98% — a day before the release of her new original song “I Knew It, I Knew You,” which she wrote and performed for Disney and Pixar’s upcoming “Toy Story 5” — followed by Olivia Rodrigo, whose highly anticipated album “You Seem Pretty Sad for a Girl So in Love” comes out next Friday.

Loading...
 

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Spotify’s “Top Songs - Global” chart currently show that Jackson’s “Billie Jean,” which is more than four decades old, Justin Bieber’s “Beauty and a Beat,” which climbed back to the top of Spotify charts following his Coachella set in the spring, Olivia Rodrigo’s new angsty love song “The Cure,” and BTS’s “Swim” are all ahead of Drake’s “STFU Janice” from his “Iceman” album.

While Spotify previously reported last month that Drake’s “Make Them Cry” was the most streamed album in a single day this year, that was later revealed to be a data error.

Prediction markets currently show traders are betting there’s only a 15% chance Drake will have a No. 1 song on Spotify in June.

Meanwhile, Taylor Swift is in the lead at 98% — a day before the release of her new original song “I Knew It, I Knew You,” which she wrote and performed for Disney and Pixar’s upcoming “Toy Story 5” — followed by Olivia Rodrigo, whose highly anticipated album “You Seem Pretty Sad for a Girl So in Love” comes out next Friday.

Pokemon cards

GameStop’s collectibles business just keeps booming, as “Pokémon” cards continue to fly

Collectibles revenue grew 65% year over year in its latest quarter.

Max Knoblauch6/3/26

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