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If you're selling out shows at double the price, wouldn't the next step be to reduce the sound quality so you can play cheaper shows with a higher profit?
by 8note 4y ago
If you're selling out shows at double the price, wouldn't the next step be to reduce the sound quality so you can play cheaper shows with a higher profit?
- etothepii 4y agoThis is a really interesting question. I feel like I see it with airlines all the time. The question that comes eventually though is do people notice and does a culture of penny-pinching trickle down into an inferior product that makes people resent the high price enough that sometimes they won't pay it.
- smachiz 4y agoI mean that's literally yield maximization - you don't need to capture all the demand for a given good or service. You just need to capture the right mix of it. I would broadly say that I don't think anyone who goes to a typical Arena concert is making their buying decision on the audio quality. The bar for good enough is pretty low.