It seems that in today's economy, all anyone is interested
in is making money. So what is the best way for an artist to make their money?
Live concerts of course. But it seems that the bigger the performance, the more
expensive the tickets are.
It seems that the people who just
want people to listen to and enjoy their music, sell their show tickets for
much less than the "new" artists who are more interested in the cash
than their fans musical taste. But in order to get this cash, what do they need
to do? Look good, have a huge performance, and sell tickets for 7.5 times the
amount they are worth.
For
example, I was checking out the ticket prices for the upcoming Justin Bieber/Carly
Rae Jepsen tour, as I was confronted about the prices. It turns out that each
floor ticket is worth $450.00 before taxes and shipping prices. Some people
told me that the reasoning behind this was because he is back in Canada, his
home country, so people are willing to pay the price to see him perform. I find this quite funny, because back in
February, I attended a concert consisting of four bands (three of which are CANADIAN): These Kids
Wear Crowns, All Time Low, Marianas Trench, and Simple Plan, and I paid
approximately $60 before taxes and shipping prices, a total of 7.5 times less
than the Justin Bieber/Carly Rae Jepsen, and to see four bands instead of two
individuals. The difference between these two concerts is that These Kids Wear
Crowns, All Time Low, Marianas Trench, and Simple Plan care more about what
their fans want to hear, and Justin Bieber and Carly Rae Jepsen want to put on
a large show to gain more viewers (more viewers = more $$$).
Ticket
prices are become insanely overpriced because more and more people are buying
into the performance of a show instead of the music being played. What's the point?
I think the tickets CAN be sold for that amount because people will still be willing to buy them is what keeps them so high. If a concert can be sold out where tickets are worth $450 as compared to $60, why not bump the price? Usually in an economy where prices are bumped, there are a loss of sales. When it comes to a concert and there is a limited supply of tickets and they can still all be sold at 7.5 times the price, there is no consequence and therefore no reason not to bump the price.
ReplyDeleteI think that the prices of tickets are far too costly. I looked into a Foster the People concert, and it is only $60. Now, if i had money to buy a ticket, i would because its not overly expensive. Its a fair price, unlike the $450 Bieber tickets. Foster the People is a band that cares about its fans, and wants to only sell the music, not the show and image.
ReplyDeleteNow $450 is a wildly outrageous price for any concert that isn't a four day festival, but it's not all on the artist. Artists and bands don't choose the ticket price, that price is decided by band management, booking agents and the venue management. With the recession, less events are getting booked, and upkeep costs are staying the same or even going up, and venues need to make that money somehow, so they charge bands more for using their venues. It's a vicious circle, and fans are suffering the consequences, but it's not the artists fault. You can still see great music for under $20.
ReplyDeleteNot saying that concerts are cheap but because of the music industry today, bands need to charge more than they used to for tickets. Their just not making as they used to in cd sales and with illegal downloading they don't have a lot of other options.
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