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BRUCE SPRINGSTEEN: Ticketmaster Attempts to Explain Surge Pricing

After days of irate Bruce Springsteen fans complaining about Ticketmaster's surge pricing program, the company attempted to do some damage control.

They released a statement to Variety where they claimed that only 11.2-percent of the overall tickets sold at shows so far have been at the "platinum" pricing, which causes prices to rise as more fans get into the virtual line to buy tickets. The company claims that the rest of the tickets sold at fixed prices that ranged from from $59.50 to $399 before service fees.

Ticketmaster also claimed that the average price of all tickets sold so far is $262, with 56-percent being sold for under $200 face value. Surprisingly, the company did not dispute that many of these "platinum" tickets were being sold for close to $5000.

The anger of Springsteen fans is likely to increase this week, as the rest of the tour goes on sale -- including five shows in his New York and New Jersey stronghold.


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