I have so many comments… where to begin? I will start and end with Live Nation’s monopolistic and carnivorous ticket pricing. Industry talking heads come up with all kinds of fancy-sounding arguments and theories and excuses for low-selling stadium and arena tours. They are a distraction from the foundational cause.
I have so many comments… where to begin? I will start and end with Live Nation’s monopolistic and carnivorous ticket pricing. Industry talking heads come up with all kinds of fancy-sounding arguments and theories and excuses for low-selling stadium and arena tours. They are a distraction from the foundational cause.
The fact is, they are experiencing the results of price-elasticity. Even if acts have the same number of fans (or more as indicated by streaming numbers), higher prices will eventually force some fans out of ticket sales.
A friend of mine opted not to buy tix to a show, stating “Live music is now for the rich.”
It breaks my heart. If you track household incomes of different genre fans, I wonder if you’d see that acts/genres with a lower-income demographic are getting hit harder in tickets sales than others. Maybe a good stat study for you 🤓
I have so many comments… where to begin? I will start and end with Live Nation’s monopolistic and carnivorous ticket pricing. Industry talking heads come up with all kinds of fancy-sounding arguments and theories and excuses for low-selling stadium and arena tours. They are a distraction from the foundational cause.
The fact is, they are experiencing the results of price-elasticity. Even if acts have the same number of fans (or more as indicated by streaming numbers), higher prices will eventually force some fans out of ticket sales.
A friend of mine opted not to buy tix to a show, stating “Live music is now for the rich.”
It breaks my heart. If you track household incomes of different genre fans, I wonder if you’d see that acts/genres with a lower-income demographic are getting hit harder in tickets sales than others. Maybe a good stat study for you 🤓