Posted on 07/16/2010 11:16:51 AM PDT by a fool in paradise
...ticket sales for the top 100 touring bands are down 12% this year, Live Nation Entertainment's major executives went on the defensive Thursday, blaming the press for "scaring" artists from touring and arguing that acts need to alter their pricing strategies.
..."The press," (CEO Michael) Rapino said, has "scared about every artist" out of touring in the fourth quarter. A number of major tours have struggled in 2010, including the refurbished Lilith Tour, and once-can't-miss artists such as the Jonas Brothers have been canceling dates...
Yet the company's top brass did more than point fingers at the media, and promised a leaner, friendlier model for 2011. But first, artists would have to budge on ticket prices, executives said. Jason Garner... "Your guarantee needs to come down."
...Live Nation Entertainment promised that "dynamic pricing," which would add numerous pricing tiers, would be more widely implemented in 2011...
Think of the future of buying a concert ticket not too unlike that of buying an airline ticket, in which the price can go up or down in the days leading up to an event based solely on demand.
...While the lowest third of tickets are indeed cheaper, prices for about half of the house are shown to be rising.
...Yet executives also addressed numerous consumer complaints in a bid to change their company's image. In acknowledging that tickets are often too expensive, Azoff noted that the industry has faced "runaway production costs."
...Rapino promised that numerous consumer-friendly changes were in store. For one, the executive said he would end Ticketmaster's $2.50 charge to consumers to print their tickets with their own ink and computers...
Other changes include the promise to began refunding service fees on tickets to shows that are canceled. Currently, Ticketmaster refunds only the cost of a ticket sans fees...
(Excerpt) Read more at latimesblogs.latimes.com ...
Just because there were crooks WITHIN Enron does not make it right to condemn all of the employees at Enron who did no harm and lost their retirement savings.
Can't condemn the politics of Islamic theology, right? Co-exist. Tolerance.
I meant to type Politics of Islamic Theocracy.
Well, I suppose old Al Franken could’ve done a version of
Cheeseburka in Paradise!
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