High Ticket Prices Could Hurt Concert Business

Tagged:  •  
Authors: Steve Knopper
Source: Rolling Stone,
Page: 15,
Date: 05/29/2008
Month: May

Full Text:

There are more festivals and more superstar acts playing this summer than ever before, but the US economic situation along with high gas prices are driving up ticket costs, keeping many music fans at home for many shows this summer. These costs are affecting the ticket prices of practically all tours this summer when compared to ticket prices of years past of the same acts, such as Jimmy Buffet, Eric Clapton, and the Eagles. Some claim the decline in CD sales are another reason for the increased price of concert tickets, but many managers dispute that idea. Some artists and tours have refused to increase the price of their tickets, like Dave Matthews Band, Pearl Jam, Tom Petty, and Warped Tour. Many wonder if festivals have become so popular during the summer in the US that they will overtake the conventional model of playing amphitheaters, but that sector of the live music business is still thriving.

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