Posted on 01/02/2018 9:42:12 AM PST by Red Badger
What is Taylor Swift’s “Reputation” worth? Not the jacked-up prices she’s charging for concert tickets.
That’s the verdict from ticked-off fans, who are balking at buying seats for the 28-year-old pop star’s tour to promote her new “Reputation” album, citing stratospheric markups and greedy sales gimmicks.
“I paid $150 for my ticket with amazing seats for the 1989 tour. Now for the same seats I have to pay about $500,” Twitter user “swiftieloves” recently griped.
A look at Ticketmaster’s interactive seat charts confirms that Swift’s schedule of 33 dates for the North American “Reputation” tour has yet to produce a single sellout, from its May 8 launch in Phoenix to its Oct. 6 finale in Arlington, Texas.
That’s despite seats being available to the general public since Swift’s birthday on Dec. 13. By comparison, all the dates on Swift’s “1989” tour in 2015 “sold out within minutes,” according to concertsandsports.com.
(Excerpt) Read more at nypost.com ...
I saw the SHADOWS AND LIGHT filmed concert on DVD. I always liked Joni since I first bought COURT AND SPARK. I really liked her performance of “Goodbye Porkpie Hat” on S&L.
Check your math.
The ticket for my first concert, Kiss with Uriah Heep in February of 1977 was a whopping $7.50. A little bit of inflation from 1975 with two better bands as the openers for the ‘75 show. I think I paid about 125.00 per for Rush a couple of years ago on the R40 tour.
I’m sure Taylor Swift already has more money than her grandkids could spend. There was a time when for the price of this ticket you would have been considered a patron of the arts.
There are really only two questions of importance....
First, are they selling enough tickets that the concert venues feel “occupied”. Don’t need to be sold out, but you don’t want half the seats empty.
If so, the only other question is — are they making more money?
Why sell out a 1000-seat venue at $150 a pop, if you can sell 8000 of the seats for $500?
The R40 tour, I would’ve gladly paid for. Tried to get tics, but was a no-go.
I still have my ticket stub for The Who at Rupp Arena in 1980.
$12.50.
#55 says $280 million.
A conservative investment, into a company like Walmart (or whatever) pays about a 2% dividend.
That would be $5.6 million a year, just doing nothing.
Not to mention what the stock price itself might do.
If she begins already having things paid off, then there are no mortgage or loan payments (unless your loan interest is cheaper than your yield)
Then you have maintenance and taxes.
Of course I know she is sort of a real estate tycoon.
She has multiple houses ALL OVER.
An estate manager alone, at each house would be $100k per house.
She’s 28.
Assume another 60 years for her.
She could tap her principal for another 2-3 mill a year and barely affect her yield.
At some point,
You run out of houses to buy
or cars to buy and drive.
How many houses can you own, before just trying to visit them, becomes WORK?
How many cars can you own, before you’re only driving the special ones 1-2-3 times a year, and they become boring to own?
I think TS has had SO MUCH success at such a young age, that she needs to keep on striving and acquiring, just to try to keep from being bored.
LOL
You're showing your age.
Now that I remember, I saw the same tour in January 77 in Denver. Remember that the crowd was trying to get as close to the stage as possible only to be stopped by the cops. The lead singer (Byron IIRC) asked the cops to let them right up to the stage. Good times! :-)
I always hated all that ersatz sensationalism.
Or qualudes and come at theMercer Arts Center.
I don’t know hat songs KISS had. Beth? Rock n Roll all night?
My take is opposite yours, there music may have been better than most of the 70’s bloat rock bands.
It’s the “show” that I don’t like.
Selling out the venues is not the measure of correct pricing. Technically you could sell tickets at fixed prices until the end, and then auction off the remaining tickets, and therefore make a bit more money.
But if the fans know there’s going to be cheaper seats later, they might not pay for the expensive seats.
There may not be a price point lower than $500 that makes more money for them, even selling more tickets.
If you can sell 8000 tickets to a 10,000-seat for $500 (4 million dollars), you made more than if you sold 9000 tickets for $400 each, or sold out at $350 each.
You might do variable pricing, but once you offer lower-priced tickets, it can be harder to get anybody to pay for the higher-priced tickets.
The other consideration is whether you want stories like this one, because music is in large part a matter of good publicity.
Joe Walsh and the boys with Funk 49
https://www.youtube.com/watch?v=U_qHU_6Ofc0
You'd be crazy NOT to try to get those numbers.
But I imagine the lawsuits afterwards...
“Or qualudes and come at theMercer Arts Center.”
That should have been “qualudes and coke”.
Although.....
Quote:
Same as Johnny Winter,Rick Derringer,Edgar Winter,and Ronnie Montrose did.
Those were some great performances.
I had the chance to see Elvis in 75...My dad gave me a choice....Elvis or Alice Cooper. I went with the “The Coop”.
Good stuff!
I was wondering what kind of debauchery were you into?
Joe Walsh should be in the R&R HOF on his own right not just as a member of the Eagles.
And as for concerts, most of my concergoing was late 70s to early 80s. I don’t think I ever spent more than $15 for a ticket.
As a matter of comparison, I still my ticket stub for the Cubs-Cardinals game played June 23, 1984. Known by Cub fans as “The Sandberg Game” it is autographed by Ryne Sandberg. The ticket was the upper part of the main level between home and 1st base, it cost $6.50.
We sat in the same section of Wrigley Field two years ago and paid $65.00 per seat.
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