We learn that the band’s tickets to one show cost $49.95 apiece, that the band bought four hundred of its own tickets at a loss to sell back to fans without Ticketmaster fees, that the band charged $12 to UPS the tickets to fans, and that it was still cheaper for fans than buying from Ticketmaster. But we never learn how much Ticketmaster’s service fee actually is.

I looked on Ticketmaster’s site myself. Ticketmaster fees turn a $49.95 ticket into a $67.40 hit—a 35 percent markup.

Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu.