The price of a ticket to see your favourite act has increased dramatically for a plethora of reasons
Analysis: the price of a ticket to see your favourite act has increased dramatically for a plethora of reasons
The change in the music industry has happened so fast"that we can see the concert ticket prices rising in in front of our eyes," says Murphy."Part of that comes from the music industry logic: ticket prices are not expensive it's just that they were too cheap before this. The classic argument is, they were undervalued and underpriced."
"Transparency is not a thing in the gig pricing world", points out Kara O'Brien, from the Irish World Academy at the University of Limerick."It's very, very hard to get a good breakdown of what actually goes into ticket pricing." On top of that you'll have the artist’s fee. Sometimes that's a per-ticket fee and sometimes, the artist gets a guarantee upfront. After that, there’s some profit left over for the promoter. For the fan buying the ticket, there’s also the ticketing fees you hand over to whatever platform is managing the sales .
From RTÉ Radio 1's Arena in 2019, RTÉ Brainstorm editor Jim Carroll on concert tickets selling out fast "The music industry is in an absolute crisis of its own making," says Murphy."In the old days, people bought records, even before that people bought sheet music. There was a predictable stream of income associated with a hit record boom. Now the emphasis and the revenue is coming from the live situation."
From RTÉ Radio 1's Ray D'Arcy Show, interview with promoter Peter Aiken about promoting Ed Sheeran and Garth Brooks We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences
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