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Topic: Ticketmaster
Ticketmaster is a very controversial company, active mostly in America. They are a global ticket sales and distribution company that provides ticketing services for live events, most notably music, and they have been accused of anti-consumer practices, since they seem to aim for a level of market control that has granted them the title of “monopoly”. They recently came under fire (again) because of their exorbitant fees.
Part1: Video
Vocabulary:
venue: (n.) any event location; often used to refer to businesses dedicated to holding live concerts, weddings, etc.
upfront: (adv.) (of a payment) in advance
booker: (n.) a person responsible for scheduling and arranging performances and shows at venues
monogamous relationship: (n.) a romantic relationship between two people that does not allow for other partners
involved: (adj.) (in this case) more complex and with more elements, requiring more effort and planning
front the cost: (v.) pay the cost first when expecting to receive some or all of it back later
box office: (n.) the place where tickets are sold / LA Forum: a famous indoor arena in California.
Part2: Video
Vocabulary:
inventory of tickets: (n.) the total number of available tickets for a concert
get pissed off: (v.) (casual) become very upset or angry
turn on its head: (idiom) change or reverse completely in a surprising way
face value: (n.) the price or value printed on something (such as a ticket or bill), not considering extra fees or taxes that lead to that price
have plenty of (…) to spare: (idiom) have a lot of; have more than enough
settle: (v.) (in a lawsuit) reach an agreement between the two parties in a lawsuit without having to go to trial; it often means one party pays a certain amount of money to the other
scumbag: (n.) (derogatory) a person that acts dishonestly or immorally.
