Ticket Prices

[Hexenjagd]

Discuss

[Hexenjagd]

A ticket to Led Zeppelin was $5 in the 70s before 930 Club existed. When they played a show a few years back, after 930 Club was up and running, it was several hundred. MUST BE BECAUSE 930 CLUB OPENED AND INCREASED COMPETITION!! YOU CANT RULE IT OUT AS A FACTOR! ECONOMICS: WHO CAM UNDERSTAND THEM?

 

venues competing for the same talent drives up prices.. lets say a band has been playing venue x and they've been guaranteed Y.. .. a new venue opens up and they want that band..they have to bid higher..

a good example is the hamilton..... they are bidding high on acts they consider their home turf... new orleans music...

i don't see why it makes you guys angry.... having worked at a venue in town i can tell you that there are offer sheets and you put them out in response to requests from artists planning their tours...

No one is angry. 

[Hexenjagd]

but it is also true that in DC market there has been a lot of inflation..


which is why i said its not easy to say exactly what is driving the rising costs..

now some apparently are arguing that prices for concerts have not gone up....

talk about insane.

Not as much as you say they have.

They increase mainly due to inflation.

Having more venues means that bands wont have to SKIP dc when the 930 club is booked for that one day the band could play dc.  They have other options.  It isnt always that EVERY venue is trying to book EVERY band, EVERY time. 

And your Echo and the Bunnymen example is ONE band.  You dont think a band should get paid more money as the years go on?  I get raises every year, I think bands should get paid as well.

[hutch]

Definitely a lot I agree with in the above...

there are tons of examples.... what about Nick Cave going from $40 to $75?

It is true that having more venues gives us the advantage of getting more acts in town.....having said that, DC was always a town that got most shows....because so many acts book DC-Philly-NYC as a "tour"

[hutch]

oh and add the Strathmore to the mix..


There probably isn't another market in the US that has seen as high an increase in seat capacity %wise in as short a time....... how that shakes out in terms of prices consumers pay is an open question but I have to believe it has some impact and I think its resulted in higher prices... that is, as was pointed out, what Seth argued would happen when the Fillmore opened....

[Rusty Shackleford]

It's an interesting question, because the increase in the number of venues could affect ticket prices in a number of ways.

First, the venues compete with one another to book talent, in which case more venues (or at least more venue owners--LiveNation likely doesn't compete with itself) might mean more money paid from venues to talent, which could drive ticket prices up.

But on the other hand, more venues booking more overall shows should drive ticket prices down, as the shows have to compete with one another for the ticket buyer's dollar.

Finally, if there are lots of venues booking lots of shows and buying lots of ads trying to get people out to shows, an increase in venues could drive overall consumer demand higher--in short, the city becomes a hotter place for live music--which is why some cities seem to get a lot of shows relative to their population and others don't.

I'd be interested to know how Seth thinks this has shaken out over the past 10 years or so.

But then again, I'm a geek.

[hutch]

you know whats another great example of what i'm talking about?


when ticketfly came into operation i thought they would reduce ticket charges..

they have INCREASED them and are doing gangbusters.. picking up venues... i know they got the hamilton and a few others

ticketfly and ticketmaster aren't competing to benefit the consumer but their customer which are the venues that use them.. the more money they guarantee the venues (some of whch goes to the artist in the end) the better they do.... of course the worse the consumer does

[stevewizzle]

ticketfly sucks. you get your tickets from ticketfly in a very obvious envelope sent from san francisco, ca.  essentially, their $10+ fees cover a handful of asshat's exuberant rent.

a better solution would be eventbrite. they'll take over the ticket market eventually, no clue why it hasn't happened yet.

[atomic]

As Artists are around longer their fans get older.  Older fans can afford higher priced tickets.  So the price goes up.  It is supply and demand.  Bands charge as much as they can.  Having five venues bidding on the same band won't make ticket prices go up.  Did you even take Econmics 101 in college.  More venues bidding makes profit margin go down. It isn't suddenly going to make people want to pay more to see an act.

I have wanted to see acts that play the 930 club and I see 75 dollars and I say nevermind.  I am not going to say wait there are 5 venues in town and now I am willing to pay  more for a show.  That is the dumbest logic ever.  If anything more venues would lead to lower prices.  You have all these options and you decide to go the one you like that is least expensive.

[Julian, White Poet WARLORD]

I'm in favor of 930 club using any ticketing service that offers paperless tickets because it's 2014 for god sake!

If I can't make the poor, overweight rabble who work at music venues look at my expensive cell phone as they scan my ticket, I don't know what the point of going to concerts is!

[atomic]

I'm in favor of 930 club using any ticketing service that offers paperless tickets because it's 2014 for god sake!

If I can't make the poor, overweight rabble who work at music venues look at my expensive cell phone as they scan my ticket, I don't know what the point of going to concerts is!

Really cell phones only go up so much in price.  The poor staff at the club might have the most expensive cell phone out there.  Making bad decisions like skipping college or having a stupid major in college is probably corelated to making bad decisions on purchases like buying a cell phone you can't afford.

[Julian, White Poet WARLORD]

As Artists are around longer their fans get older.  Older fans can afford higher priced tickets.  So the price goes up.  It is supply and demand.  Bands charge as much as they can.  Having five venues bidding on the same band won't make ticket prices go up.  Did you even take Econmics 101 in college.  More venues bidding makes profit margin go down. It isn't suddenly going to make people want to pay more to see an act.

I have wanted to see acts that play the 930 club and I see 75 dollars and I say nevermind.  I am not going to say wait there are 5 venues in town and now I am willing to pay  more for a show.  That is the dumbest logic ever.  If anything more venues would lead to lower prices.  You have all these options and you decide to go the one you like that is least expensive.

I can't believe I'm saying this, but atomic is so spot on it's frightening! Ticket prices are a product of supply and demand. Seth's issue with other venues moving into the general area has to do with him being able to make less, not some altruistic concern of what we will pay for concerts.

EDIT: I emphasized his most prescient point.

[hutch]

As Artists are around longer their fans get older.  Older fans can afford higher priced tickets.  So the price goes up.  It is supply and demand.  Bands charge as much as they can.  Having five venues bidding on the same band won't make ticket prices go up.  Did you even take Econmics 101 in college.  More venues bidding makes profit margin go down. It isn't suddenly going to make people want to pay more to see an act.

I have wanted to see acts that play the 930 club and I see 75 dollars and I say nevermind.  I am not going to say wait there are 5 venues in town and now I am willing to pay  more for a show.  That is the dumbest logic ever.  If anything more venues would lead to lower prices.  You have all these options and you decide to go the one you like that is least expensive.

well luckily the world isn't like you my friend! 

actually i wonder if there are any estimates on price elasticity of concert tickets...

and, yes, I did major in economics from an accredited four year college....not sure if I had to take econ 101 or was able to get out of it..

[hutch]

As Artists are around longer their fans get older.  Older fans can afford higher priced tickets.  So the price goes up.  It is supply and demand.  Bands charge as much as they can.  Having five venues bidding on the same band won't make ticket prices go up.  Did you even take Econmics 101 in college.  More venues bidding makes profit margin go down. It isn't suddenly going to make people want to pay more to see an act.

I have wanted to see acts that play the 930 club and I see 75 dollars and I say nevermind.  I am not going to say wait there are 5 venues in town and now I am willing to pay  more for a show.  That is the dumbest logic ever.  If anything more venues would lead to lower prices.  You have all these options and you decide to go the one you like that is least expensive.

I can't believe I'm saying this, but atomic is so spot on it's frightening! Ticket prices are a product of supply and demand. Seth's issue with other venues moving into the general area has to do with him being able to make less, not some altruistic concern of what we will pay for concerts.

EDIT: I emphasized his most prescient point.

I don't know that I buy that...

the venues  are lowering their profit margins but at the same time also increasing prices for the consumer.. they compete on both ends.... not just on one...

[hutch]

when IMP loses an act to Live Nation..say from the 930 to the Fillmore it isn't as if all of a sudden the cost of seeing the act at the Fillmore goes down because the Fillmore gave up its profit margin on the offer sheet....

*assuming venues are similar size for simplicity sake (they are not)