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I was just looking at that last night. [Artist that was super popular in 2006ish] tickets when we went at the absolute height of his popularity were $40 for la
by Loughla 2y ago
I was just looking at that last night.
[Artist that was super popular in 2006ish] tickets when we went at the absolute height of his popularity were $40 for lawn seats at a local venue
[Same artist] at the same venue in the same lawn seating is now $380.
What's the difference? Guess who bought the venue.
- pwarner 2y agoDon't forget 2024 you probably has a much higher disposable income than 2006 you... And might be willing to pay to feel young again for a few hours. Off to buy some late 90s band tickets!
- bear141 2y agoWow. This hurts.
- lotsofpulp 2y ago> What's the difference? Disposable income of target audience. Greater number of people in target audience. Fewer shows. Technology enabling more accurate pricing so each customer is able to be targeted to pay as much as they can afford (price discrimination). Etc.
- Aunche 2y agoAlso, artists can no longer make money by selling music, so the majority of their income comes from performances now.
- zeroonetwothree 2y agoCan also be an instance of Baumol’s cost disease.
- pmarreck 2y agoIt might be a factor (thanks for introducing me to this concept!) but I doubt it accounts for all of it https://en.wikipedia.org/wiki/Baumol_effect https://en.wikipedia.org/wiki/Baumol_effect