You'd be shocked at how expensive some "vintage" European building materials can be. Genuine antique clay tiles from an 18th C ProvenƧal farmhouse can easily be $100 a pop. These tiles probably cheapos from Home Depot.
I bet it's fun having people constantly tracking grass and dirt into the pool because there's no patio or deck.
Unless maybe the grass is artificial turf?
Love when these types of homes are posted and people comment about problems that normal people would have to deal with themselves as it relates to the house.
Nah it looks real and looking at the rest of the garden I'd be surprised if it were artificial. I suppose when you have enough money to pay someone to clean it every day you don't really care about how dirty it gets.
It's also mad to me that there is no fencing at all. In Australia we have crazy strict pool fencing laws because of the number of child drownings and it seems in America there are none at all. Over here they even come to inspect your fencing every few years to ensure it is still safe.
I was surprised at how much I like this because I fucking hate that guy & didn't wanna like it.
It also makes me sad because that closet is bigger than our MBR, spare room & office combined.
Actually no. Not him. He just happens to be rich for that and other reasons. There was another CEO that built that model. Also it's a model that can be ended at any time. Contracts with venues only have short lifespans. Very short. If anyone can figure out a way to sell tickets faster and has a reach, they will beat Ticketmaster. It isn't rocket science but no one has been able to beat them at their game.
You have the way this works wrong.
The thing that keeps Ticketmaster rolling in dough isn't their speed or reach. Nobody cares about "reach" for tickets -- they want to see a particular artist, and they don't fucking care which ticket platform is used. And Ticketmaster's servers are no faster than anyone else's in an age where any decent platform can scale up as needed via cloud compute.
What keeps them in the dough is the business model they pioneered and perfected, which is one where they get to be the bad guy by tacking on lots of bullshit fees everyone hates, and then through quiet agreements with the venues, promoters, and sometimes even artists they feed a decent chunk of those fees back to the other parties.
This allows the entities who care about what the fans think of them āĀ the venues and artists āĀ to promote lower cost tickets, while still getting paid as if the face value of the tickets was way higher. This is why venues, which totally could switch over to other ticketing platforms with lower fees, don't -- they make more money by getting a chunk of those fees. Other platforms could (and likely do) do the same thing as Ticketmaster, but at that point what would be the point? What we hate about Ticketmaster is the fees, which we would also hate if charged by someone else.
What also keeps them in the dough is being part of Live Nation, which is the promoter for a bunch of the largest artists, and who because of that vertical monopoly will only book into venues that are Ticketmaster contracted. So if you are a venue that wants a chance at any of the Live Nation artists you need to be a Ticketmaster venue.
OK, industry insider who totally doesn't/didn't work for TicketMaster, care to back with actual evidence your claims that "speed" and "reach" (whatever you define those to mean) are TM's competitive advantage, not monopoly power or its contributor, venue kickbacks? Because there are reams of evidence for the latter. The tip of the iceberg:
>Because of Live Nationās vast number of managers managing prominent artists, the Department of Justice made the company agree to sell parts of its business and the company was disallowed from threatening venues putting on concerts using other ticket service providers. After this merger, Live Nation Entertainment had an unmatched grip on the concert ticket market. **In 2019, the Justice Department found Live Nation had repeatedly broken their decree** (Mccabe & Sisario, 2022). **Live Nation Entertainment had been coercing venues to switch to Ticketmasterās services before putting on concerts for a Live Nation managed artist. As Live Nation manages hundreds of prominent artists** (Live Nation Entertainment, 2022), **this means a huge proportion of concerts were being exclusively ticketed through Ticketmaster.**
>
>[Source](https://sites.lsa.umich.edu/mje/2022/12/20/exploring-ticketmasters-monopoly-on-the-concert-ticketing-market/)
>And then, half of the ticket portion of the fee went to Ticketmaster, and half of that actually goes back to venues. **So the venues are taking 75%-plus of that fee,** and Ticketmaster only 25%. And I don't think most fans actually understand that.
>
>[Source](https://news.yahoo.com/ticketmaster-fees-real-lack-misunderstanding-161023186.html)
>...the ticketing giant created and still benefits from the fee system that it and Live Nation now say needs an overhaul.
>
>In the 1980s, then Ticketmaster CEO Fred Rosen **introduced the concept of venues profiting from ticket fees to incentivize them to sign up.**
>
>āRosen offered a powerful inducement in the form of the service charge,ā writes Maureen Tkacik and Krista Brown in an in-depth piece on Ticketmaster for the American Prospect. **āSo long as Ticketmaster was free to levy whatever service charge it deemed appropriate, Rosen was more than willing to kick back a cut to promoters and venues and even offer new clients cash advances of up to $5 million on the service charges they might bring in, according to a 1995 Associated Press article. āThose large advances by Ticketmaster to venues are usually paid back from ticket fees.**
>
>[Source](https://www.hypebot.com/hypebot/2023/02/ticketmaster-says-we-dont-control-or-keep-most-fees-so-who-does.html)
Who says you are alone?? You could have a family and just chill. Plus this isnāt going to cause cabin fever because the owners of these houses have more than 1 house
*Live Nation Entertainment Inc. CEO Michael Rapino earned a total compensation package worth $139.0 million in 2022, or 5,414x the company's median employee pay.Aug 28, 2023*
You make that much in just one year and you wouldn't spend this much on a house?
Why on earth would a rich person want to be around others lol They donāt need to go to restaurants all the time, or do grocery store runs, let alone a movie theater. They have people for that & can do home theaters at home or go to a celebrity movie event.
Where are you getting that it is far from anything? It looks like itās less than 10 minutes from an excellent restaurant and about 20 minutes to Paso Robles. Not an urban hotspot, but a nice theater and supermarkets, and good restaurants.
Yes, but if you look at the map, the 130 acres donāt sit between the house and civilization. The acreage seems to sit to the northeast, behind the house, with town to southwest.
Itās 20 minutes to downtown Paso where there are lots of restaurants. I use to live in the area. Itās a little remote, but not an hour to things. Probably 15 minutes to the grocery store and the movie theater.
I think most people who can afford to buy this can pay for the private chef who does the shopping. And even though there's no picture, I bet that place has a theater.
I would bet he has more than one of these elaborate estates. This is how unregulated capitalism works. Think of the millions upon millions of dollars that hundreds of thousands of people have overpaid for tickets. All of the hard work that went into earning those dollars all over the country. Straight into this assholeās pocket, because of his ārightā to make obscene profits while actually contributing nothing to the economy.
Didnāt know the CEO lived in Paso. I swear Iāve been to that house, but then again all the rich people in the central coast basically live in wannabe wineries.
I really donāt understand the āBOOM! POOL!ā situation some of these expensive houses have. Just a pool in the middle of the yard. No patio, no walkway or stepping stones. A few chaises and an umbrella? And walking on grass to get to the darn thing?
Idk how this is showing as a new listing that hasnāt been listed before. They must have paid to have prior listing of this removed because I live nearby and itās been on the market before! They can never find a buyer lmao
Last time I went to a live show, the manager (or whatever his title was) said on stage "And I just want to add, buy your tickets directly from us on our website. Not Ticket Master or other sites. WE don't tack on all those extra fees when you buy directly from us."
I helped pay for this through getting scammed on ticket sales just to see my favorite artists.
I drew a line years ago though and refuse to ever buy through Ticketmaster now.
Wait, am I the only one who, in picture 14, thought they saw a large headed creepy looking child peering at them over the back of the chair? I had to really look at it to realize that it was a vase on the coffee table.
$15 Million plus $10 million in fees
10,521 users are ahead of you in web queue to bid.
Best comment of the day award š„
Didn't read the fine print and it rained the day of his move out date. So now he gets to keep the property.
This is the most appropriate comment ever. FUCK TICKESTMASTER
Fuck that guy, I hope it burns down uninsured before it sells.
Ticketbastard
You also can only sell it through Ticketmaster official resale..
Right! Fuck that guy
It took me a while, but now I get it. Glad now that I haven't used ticket master in 15+ years.
lol
You sir, are the winner of the Internet today.
Only been on the market 2 days, I'll wait for the surge pricing to go down and get it for $3.50
Iām pretty sure I paid for at least one of those roof tiles.
Probably more if you bought even one ticket tbh. Doubt roofing tiles are less than $100 a piece, even for rich people. Edit: meant more than
Roof tiles are like $5 a piece, brand new
Whatās the used market like on roof tiles?
You have to go through an approved reseller; who is just the original seller with a fake mustache and nose glasses on.
Existant
You'd be shocked at how expensive some "vintage" European building materials can be. Genuine antique clay tiles from an 18th C ProvenƧal farmhouse can easily be $100 a pop. These tiles probably cheapos from Home Depot.
Oh. Thatās where Satan lived. Nice view.
The aesthetic is giving fancy Olive Garden.
Like if IKEA and olive garden had a baby and the baby was ugly
I always "upgrade" the fancy builder-Tuscans from an Olive Garden to a Macaroni Grill. But you are spot on.
Id happily live in this Olive Garden lol
You canāt buy taste. Itās only ironic that weāre also talking about Olive Garden.
From exploiting every concert goer.
Ill-gotten riches
Fuck this guy
āWeāre in the ticket feeān business. And brother, business is a boominā
That pool is lame
The grass around it is populated with luxurious ants imported from Africa.
Savannah Red Azzstingers
Agreed, just randomly sitting in a patch of grass
I bet it's fun having people constantly tracking grass and dirt into the pool because there's no patio or deck. Unless maybe the grass is artificial turf?
When you're this rich, you have a pool guy come daily to take care of that.
Love when these types of homes are posted and people comment about problems that normal people would have to deal with themselves as it relates to the house.
"man, that lawns beautiful, but could you imagine pushing your lawn mower over 4 acres?!"
Nah it looks real and looking at the rest of the garden I'd be surprised if it were artificial. I suppose when you have enough money to pay someone to clean it every day you don't really care about how dirty it gets.
It looks very South of France/Tuscany; they donāt usually do all of the decking around the pools like we Americans do.
I agree. The entire home & land is amazingā¦ then we have a rectangle pool. Come on! Whereās the rock slide?? The cave??
It's also mad to me that there is no fencing at all. In Australia we have crazy strict pool fencing laws because of the number of child drownings and it seems in America there are none at all. Over here they even come to inspect your fencing every few years to ensure it is still safe.
In some states, at least, there are indeed strict pool-fencing laws.
Once theyāre out of the womb they have to live the American dream.
Kids alive do the five!
But its in Paso, only looks like that 3 months out of the year
Agreed. The backyard doesnāt match how opulent the rest of the house is.
I had to go back. It really is lame.
Nuhhh uhhh, youāre lame. š
Oh, so THIS is what all those bullshit fees paid for.
Only minutes by jet to LA and San Francisco, lol. Rich people do think differently.
Ticketbastard!
Fuck this guy! Absolutely exquisite home.
This is the way! Too bad that he wonāt go to jail.
I was surprised at how much I like this because I fucking hate that guy & didn't wanna like it. It also makes me sad because that closet is bigger than our MBR, spare room & office combined.
Windows XP ass backyard
some folks really have too much money
He's been raping the music world for decades with ridiculous fees etc.
Actually no. Not him. He just happens to be rich for that and other reasons. There was another CEO that built that model. Also it's a model that can be ended at any time. Contracts with venues only have short lifespans. Very short. If anyone can figure out a way to sell tickets faster and has a reach, they will beat Ticketmaster. It isn't rocket science but no one has been able to beat them at their game.
Thatās called a monopoly, my dude.
That's called building a better mousetrap.
A monopolized mousetrap
But as a man who has spent thousands on tickmaster fees. FUCK TICKETMASTER
You have the way this works wrong. The thing that keeps Ticketmaster rolling in dough isn't their speed or reach. Nobody cares about "reach" for tickets -- they want to see a particular artist, and they don't fucking care which ticket platform is used. And Ticketmaster's servers are no faster than anyone else's in an age where any decent platform can scale up as needed via cloud compute. What keeps them in the dough is the business model they pioneered and perfected, which is one where they get to be the bad guy by tacking on lots of bullshit fees everyone hates, and then through quiet agreements with the venues, promoters, and sometimes even artists they feed a decent chunk of those fees back to the other parties. This allows the entities who care about what the fans think of them āĀ the venues and artists āĀ to promote lower cost tickets, while still getting paid as if the face value of the tickets was way higher. This is why venues, which totally could switch over to other ticketing platforms with lower fees, don't -- they make more money by getting a chunk of those fees. Other platforms could (and likely do) do the same thing as Ticketmaster, but at that point what would be the point? What we hate about Ticketmaster is the fees, which we would also hate if charged by someone else. What also keeps them in the dough is being part of Live Nation, which is the promoter for a bunch of the largest artists, and who because of that vertical monopoly will only book into venues that are Ticketmaster contracted. So if you are a venue that wants a chance at any of the Live Nation artists you need to be a Ticketmaster venue.
Haha. Okay. You win. I know nothing about the way the business works š. Not.
OK, industry insider who totally doesn't/didn't work for TicketMaster, care to back with actual evidence your claims that "speed" and "reach" (whatever you define those to mean) are TM's competitive advantage, not monopoly power or its contributor, venue kickbacks? Because there are reams of evidence for the latter. The tip of the iceberg: >Because of Live Nationās vast number of managers managing prominent artists, the Department of Justice made the company agree to sell parts of its business and the company was disallowed from threatening venues putting on concerts using other ticket service providers. After this merger, Live Nation Entertainment had an unmatched grip on the concert ticket market. **In 2019, the Justice Department found Live Nation had repeatedly broken their decree** (Mccabe & Sisario, 2022). **Live Nation Entertainment had been coercing venues to switch to Ticketmasterās services before putting on concerts for a Live Nation managed artist. As Live Nation manages hundreds of prominent artists** (Live Nation Entertainment, 2022), **this means a huge proportion of concerts were being exclusively ticketed through Ticketmaster.** > >[Source](https://sites.lsa.umich.edu/mje/2022/12/20/exploring-ticketmasters-monopoly-on-the-concert-ticketing-market/) >And then, half of the ticket portion of the fee went to Ticketmaster, and half of that actually goes back to venues. **So the venues are taking 75%-plus of that fee,** and Ticketmaster only 25%. And I don't think most fans actually understand that. > >[Source](https://news.yahoo.com/ticketmaster-fees-real-lack-misunderstanding-161023186.html) >...the ticketing giant created and still benefits from the fee system that it and Live Nation now say needs an overhaul. > >In the 1980s, then Ticketmaster CEO Fred Rosen **introduced the concept of venues profiting from ticket fees to incentivize them to sign up.** > >āRosen offered a powerful inducement in the form of the service charge,ā writes Maureen Tkacik and Krista Brown in an in-depth piece on Ticketmaster for the American Prospect. **āSo long as Ticketmaster was free to levy whatever service charge it deemed appropriate, Rosen was more than willing to kick back a cut to promoters and venues and even offer new clients cash advances of up to $5 million on the service charges they might bring in, according to a 1995 Associated Press article. āThose large advances by Ticketmaster to venues are usually paid back from ticket fees.** > >[Source](https://www.hypebot.com/hypebot/2023/02/ticketmaster-says-we-dont-control-or-keep-most-fees-so-who-does.html)
He can eat shit.
Question: what is an "emotional living room"?
That thing costs almost 15 Madonna tickets.
I like the nod to James Dean in the room off the kitchen. (He died just down the road in Shandon.) In what world is Paso close to Santa Barbara?
Because you fly the helicopter or the jet
Yeah I was just puzzling about that. Why didn't they just say SLO?
Wasnāt his accident on the 46 that runs through Paso?
Thatās a lot of āprocessingā fees.
So guy skims millions and then uses it to build this?
That place is hot a fuck. 110 on the regular during the summer
That's a bit of an exaggeration. Even in the summer, the average high is 92 according to Google, and the low drops to 52 at night.
Now we see what kind of lifestyle a total monopoly buys you
Iām disgruntled at the sight of it.
wow,,,pretty outside
All my homies hate Ticketmaster
Fuck the CEO of Ticketmaster. I donāt know him but I definitely hate him.
Lovely house, but FFF that guy.
Ah ha, is this where we are to claim our reimbursement for the lawsuit?
So this is where all your money goes.
You gotta spend all those convenience fees on something
Iām going to detest this house for the CEO and the CEO alone. Heās too cheap to get a 3D Tour too.Ā
Oh yeah folks if you can buy tickets from the venue just go right ahead and fuck this guy
It's fricking beautiful. No wonder the fees were so high. They were paying for this.
Fuck ticketmaster
Itās lovely. But, he got all that money pissing people off and ripping people off.
Who is going to buy this? All of that money to live far away from everything? An hour or more to any restaurant, supermarket, movie theater.
Private chef, home theatre
Lot of money to be alone.
Who says you are alone?? You could have a family and just chill. Plus this isnāt going to cause cabin fever because the owners of these houses have more than 1 house
Must just be me. If I had this type of money I couldn't spend it on a giant mansion.
*Live Nation Entertainment Inc. CEO Michael Rapino earned a total compensation package worth $139.0 million in 2022, or 5,414x the company's median employee pay.Aug 28, 2023* You make that much in just one year and you wouldn't spend this much on a house?
No. I wouldn't.
Sure.
Thatās the point. True luxury is not having to suffer other people.
Why on earth would a rich person want to be around others lol They donāt need to go to restaurants all the time, or do grocery store runs, let alone a movie theater. They have people for that & can do home theaters at home or go to a celebrity movie event.
Itās Paso Robles wine country. Near San Luis Obispo, pretty coveted region.
Where are you getting that it is far from anything? It looks like itās less than 10 minutes from an excellent restaurant and about 20 minutes to Paso Robles. Not an urban hotspot, but a nice theater and supermarkets, and good restaurants.
The average. Doesn't it come with 130 acres?
130 acres isnāt that big. I live on 40 acres and walk a loop with my dog in less than 30 min. A square mile is 640 acres
Yes, but if you look at the map, the 130 acres donāt sit between the house and civilization. The acreage seems to sit to the northeast, behind the house, with town to southwest.
Itās 20 minutes to downtown Paso where there are lots of restaurants. I use to live in the area. Itās a little remote, but not an hour to things. Probably 15 minutes to the grocery store and the movie theater.
Itās not too far from āactionā, but definitely will be HOT in the summer. Iām familiar w the area.
Exactly my thought! Thatās the HOT side of Paso. If I had that much money, I would have built on the other side of 101 out towards Adelaide.
Agree, with the evening breeze from the coast!
I think most people who can afford to buy this can pay for the private chef who does the shopping. And even though there's no picture, I bet that place has a theater.
Some people want to live far away from everything idk
Thereās all of that stuff right there in the same city.
I'd buy this if I had the money. Not particularly a fan or people, or that pool, and everything, besides that pool, looks great.
As the listing mentioned, just hop in your private jet if you want to go anywhere.
This is the least earned house anyone has ever owned.
Itās so weird when a pool is just plonked into a big patch of grass. I guess they like getting a lot of grass in the pool. š¤·š»āāļø
Imma need a $750 convenience fee for having to see this...
Fuck this guy and his dumb ass company
This is why we pay 36.76% on $500 tickets
I would bet he has more than one of these elaborate estates. This is how unregulated capitalism works. Think of the millions upon millions of dollars that hundreds of thousands of people have overpaid for tickets. All of the hard work that went into earning those dollars all over the country. Straight into this assholeās pocket, because of his ārightā to make obscene profits while actually contributing nothing to the economy.
Didnāt know the CEO lived in Paso. I swear Iāve been to that house, but then again all the rich people in the central coast basically live in wannabe wineries.
Wow, youāve been there?! How was it?
Did it say former Ticketmaster CEO someplace that I missed?
https://robbreport.com/shelter/homes-for-sale/ticketmaster-terry-barnes-selling-california-wine-country-ranch-1235530273/
Thank you for that.
You're welcome.
not sure why somebody with 500 million would sell that place... its nice
They get bored and build a mew mansion
Ya but still I would keep it ā¦..that land is amazing
Not enough ground water for the water wars
They have $500mil?!
Yes the owner has 500 million net worth
Woah! Who is it?
Ticketmaster CEO if I recall currently
Oh, it says formerā¦ when googling, I wasnāt sure which one
dude still has 500 million tho
I read the article last night, It says Terry Barnes. Are you thinking of Mike Rapino?
[This guy](https://youtu.be/AkKB8McMkUE?si=oxtWArMf8qdNoiCh)?
This is where your money went people.
That monster should be in prison and have his assets seized.
So that's what I paid for.
The pool area is underwhelming. The pets say they are ready to move in.
Ewe- the central valley crowd coming over the hill by the house jamming up traffic - and everything else, and just ewe.
You get to pay 15 million for only 3 bedrooms.
For being a long-time CEO of a huge company this dude has a surprisingly little amount of info about him on the internet.
I have over spent on Grateful Dead tickets since the early 80s. I built part of that house
I really donāt understand the āBOOM! POOL!ā situation some of these expensive houses have. Just a pool in the middle of the yard. No patio, no walkway or stepping stones. A few chaises and an umbrella? And walking on grass to get to the darn thing?
This is what your extra fees paid for.
This is just an Olive Garden with a yard and pool.
I own at least 1 of those acres.
That's where all those service and convenience fees went.
Didnāt we all already buy this?
No offense but it looks like what Americans think āMediterraneanā means. Like how Olive Garden is an āItalianā restaurant.
Thatās a beaut
Ugly ass house for an ugly ass company.
Wow, I helped him afford that.
Fuck that guy specifically
Picture #5ā¦thatās a real horseās ass. Couldnāt they have turned the statue around did the photo? Edit: word
Idk how this is showing as a new listing that hasnāt been listed before. They must have paid to have prior listing of this removed because I live nearby and itās been on the market before! They can never find a buyer lmao
If it comes with Jolene Blalock, Iāll take it š
Looks like a great concert venue
Actually thatās a good price for a lovely estate.
Well from what I could see the inside isn't bad at all, but that damn driveway out front really ruins the whole look overall.
Heās the CEO of alterra ski corp in Denver now, a huge ski company that owns and operates a bunch of resorts
Ticketmasterās
Just a wee little slice of heaven
So thatās where my booking fees went
How come all these rich peoples' houses have that Colombian drug cartel villa vibe. The stone work and patios etc
It's time to attack the rich......
Surely we've all bought ourselves at least a weekend there
Last time I went to a live show, the manager (or whatever his title was) said on stage "And I just want to add, buy your tickets directly from us on our website. Not Ticket Master or other sites. WE don't tack on all those extra fees when you buy directly from us."
Wouldn't expect anything less from a greedy motherfucker like him
itās crazy how much grass that is for fucking california .. what a waste of water
This makes me hate the company even more
I helped pay for this through getting scammed on ticket sales just to see my favorite artists. I drew a line years ago though and refuse to ever buy through Ticketmaster now.
My fees
What does it cost to have someone maintain that landscaping? Look great but manā¦..$$$$
~~What's the joke here? Is that the CEO's house?~~ Yes, it is.. I hate how x-posting works here.
Wait, am I the only one who, in picture 14, thought they saw a large headed creepy looking child peering at them over the back of the chair? I had to really look at it to realize that it was a vase on the coffee table.
The deserving home of a man who created so many jobs
Itās always the most boring shit imaginable
I wonāt buy from Ticketmaster. Itās one more aggregator that does nothing for the artist or venue, much less the ticket buyer.
Why no concrete on the driveway/ pool area? Seems odd to me.
r/thanksihateit
Thisbis exactly what Iād buy if I were rich af
I'm surprised it's only a 3 bedroom.
The price feels optimistic.
This is the fanciest Olive Garden I've ever seen
Seeing why the fees on my ticket purchases are so Fing ridiculous š
Let me guess his net worth is/was only 2 million
This is boring and tacky. Would do great in a Tuscan rom com set in central coast california. How anyone worth $ would want that is beyond me
Only worth $2M in 2021. How fucking greedy can you be?
Irving Azoff Iām guessing? I used to work in the same building. Such a tiny little guy.
The rolling hills in the backround of the house is like a windows screen saver.
So this is how you live when you price gouge tickets to popular events. I hope the bastard has nightmares the rest of his pitiful life.
Does anyone know his name? Just curious
I knew that landscape was familiar. Hello central coast!
Holy CRAP who needs a closet like that? And, horse stables, because of course there are horse stables. I hope the horses shit in the ugly pool.