I would love to see the government break of ticket master.better innovation to avoid scalping by a company that does not benefit from i. The banning of reselling on platforms that sell the original tickets. Caps on fees
I’m a higher earner who loves music and rarely go to stadium size shows because the costs for anything is typically $500+. How does that make any sense?
Basic math tells you the margin on a stadium seat is huge.
Other factors to consider:
More is spent on marketing and promotion than ever before, but the cost of digital marketing is a fraction of marketing costs decades ago - especially with the ability to target fans.
The market is willing to bear these higher costs because experience are more valuable to generations today than 20+ years ago.
Artists are also complicit to an extent but reasonably so. The market for paid music has collapsed, touring is how you generate revenue as a musician
I would love to see the government break of ticket master.better innovation to avoid scalping by a company that does not benefit from i. The banning of reselling on platforms that sell the original tickets. Caps on fees
I’m a higher earner who loves music and rarely go to stadium size shows because the costs for anything is typically $500+. How does that make any sense?
Basic math tells you the margin on a stadium seat is huge.
Other factors to consider: More is spent on marketing and promotion than ever before, but the cost of digital marketing is a fraction of marketing costs decades ago - especially with the ability to target fans.
The market is willing to bear these higher costs because experience are more valuable to generations today than 20+ years ago.
Artists are also complicit to an extent but reasonably so. The market for paid music has collapsed, touring is how you generate revenue as a musician