Isn't this giving Ticketmaster too much credit, for helping artist profit.
When part of the problem is the artist also does not get as much from the high ticket price. Since Ticketmaster owns the venues, and the entire supply chain, the artist is also enthralled and must take whatever 'lower payout' that Ticketmaster feels like giving.
So, tickets might be high, the artist also gets a fraction.
The ticket buyer only has one option, the artist only has one option. Both sides of the equation are losing while the grifter in the middle is taking a mad fat cut.
This is such a well documented clear cut case of monopoly, it makes me really sad that nobody is breaking it up. Just generally, that the system is failing.