Which innovative ticket retail strategy, first widely implemented by London's TKTS booth in 1980 and later adopted globally, fundamentally changed theater accessibility and inventory management?

The performing arts industry has seen remarkable retail transformations in recent years, from how tickets are sold to how merchandise is marketed. This trivia question focuses on an innovative retail strategy that revolutionized accessibility to theater performances and significantly impacted industry revenue models. Test your knowledge about this game-changing retail approach in the performing arts world!

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Same-day discounted tickets for unsold inventory
Subscription-based season passes with monthly payments
Dynamic pricing algorithms based on real-time demand
Mobile-only flash sales for premium seating