We’ve Hit The Concert Price Ceiling
On Music Think Tank, Brian Carpizo posts about how concert ticket prices have changed and increased since 1966. One factor that affected ticket prices was the decline in recorded music revenue. According to Brian, we have reached the ceiling for ticket prices and can’t go higher. From his information and chart, he states:
“What I gather from this is that the concert industry as a whole cannot depend on continued price increases for tickets to grow the industry.” (Read On)
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Wait wait wait, “$37.60 – almost ten times less than what you would pay for a huge act today.” What the hell kind of concerts have you been paying $370 for? That’s more than any huge festival. For that much Michael Jackson better be rising out of the grave, doing a duet with Paul McCartney, AND they should be decent seats. A lawn seat in a big venue for a big act is about $40, as you said, so thats a $3-4 increase, which apparently has come down in the last two years. Unlike a lot of other goods, or the average salary of a CEO, ticket prices appear to have reasonably increased with the rates of inflation and the minimum wage (barring one random cover band that I don’t believe could actually exist). If you’re going to pay $130 (or more than $20) for a Beatles cover band you really should be stripped of your right to spend money because you must be legally retarded. But lets talk about the invention of 15-50% of the ticket price being added on in fees if Ticketmaster is selling them, there’s your outrageous price increase.