Less than a minute after tickets for last August's Neil Diamond concerts at New York's Madison Square Garden went on sale, more than 100 seats were available for hundreds of dollars more than their normal face value on premium-ticket site TicketExchange.com. The seller? Neil Diamond.
Ticket reselling -- also known as scalping -- is an estimated $3 billion-a-year business in which professional brokers buy seats with the hope of flipping them to the public at a hefty markup.
In the case of the Neil Diamond concerts, however, the source of the higher-priced tickets was the singer, working with Ticketmaster Entertainment Inc., which owns TicketExchange, and concert promoter AEG Live. - read the rest of the article
Preview and Purchase Neil Diamond CDs
On the Blue: New Horizons Cruise Day 1: Marbin Gets the Fun Started
Hot In The City: Prog Band Tu-Ner Coming to Phoenix
Sites and Sounds: Daytona Beach Ready to Rumble with Welcome to Rockville
Watch The Beach Boys Official Documentary Trailer
Ringo & His All Starr Band Announce Fall Tour
The Night Flight Orchestra Inks Deal With Napalm Records
Little Feat 'Can't Be Satisfied' With New Video
The Melvins Stream 'The Making of Tarantula Heart' Mini-Documentary
Watch Babylon A.D.'s 'Wrecking Machine' Video
The Exies Reveal Never Before Seen Footage With 'For What It's Worth' Video
The Allman Brothers Band Legend Dickey Betts Dead At 80