Posted on 08/01/2002 9:17:46 PM PDT by ejdrapes
The audience for some top-name music acts apparently is shrinking. Denver's Rocky Mountain News reports that David Bowie, Moby, Busta Rhymes and the Blue Man Group, who were scheduled to perform this month in the city's 18,000-seat Pepsi Center as part of Moby's Area: Two concert tour, have had the venue of their concert switched to the 5,000-seat CityLights Pavilion, owing to a lack of ticket sales. And some lesser acts are even having trouble fill, ing that smaller arena. The News states that the Roy Haynes and Michael Feinstein concerts scheduled at CityLights for later this month have been canceled altogether. A concert this week by John Mellencamp at Colorado's Fiddler's Green had only sold 5,000 tickets prior to showtime in the 18,000-seat venue, reports the News. While these may be deemed isolated incidents, music promoter Barry Fey blames the depressed national economy as well as some internationally known rock stars who are commanding outrageous ticket prices. "They're shooting themselves in the foot by charging $150 and $250 for tickets," Fey told News music columnist Penny Parker. "Why do the (Rolling) Stones have to charge $300 for a ticket? Why did Paul McCartney, who is a billionaire, need a $250 ticket? Why?"
A fool and his money......
For the "One Foot In The Grave Tour", of course! It's an annual event.
Smart guy .... he pegged the exact reason that I won't go to concerts anymore.
Probably for the same reason that people will PAY $250 and $300 for a ticket.
For me personally, I wouldn't pay 300 pesos to see the Stones, and I might cough up a $50 or $100 bill to see Sir Paul (IMHO a real class act), but like them or not, this is the free enterprise system at work, and if the law of "supply and demand" allows these guys to command these kind of ticket prices, then I say "Rock On!".
It's called economics. The Stones don't have to charge $300, as presumably the Colorado state government doesn't have mandated ticket prices. I wouldn't pay $300 to see the Stones, and it looks like only about 5,000 Colorado residents feel that $300 is a fair price. So the Stones aren't selling out the arena.
But selling out all the seats isn't the goal in capitalism. Maximizing revenue is. 5,000 seats at $300 per seat is $1,500,000 gross take. If the stones charged $50 per seat, and they sold out, then the total take would be $900,000. So even though the Stones aren't selling out, charging high prices may make more economic sense, as there appear to be at least 5,000 people in Colorado willing to pay $300. They don't share my taste, but it's their choice and their money, so I really don't care what they do.
I'm sure it is. The idea of appearing patriotic would screw up the image he's trying to sell. What a pretentious little twerp.
Perhaps the market deems it a fair deal. Otherwise they would not pay it.
% that Tool is "better" in every way than any of the "stars" mentioned in this article: Incalculable.
They sold out two shows at Pac Bell park in San Francisco. All of their announced shows are selling out quickly.
It's expected this tour could gross $1bil, depending on the number of venues the band chooses to play. The demand is FAR ABOVE what the older gentlemen are willing to commit to in the US......as this is another world tour expected to last 1 - 1 1/2 years.
I've been to several of their shows......lasting approx 3 hours each.....the audience is truly between the ages of 8 and 80 and mostly everyone goes home stunned at the talent they witness.
Only the super-special tickets are $300.....they start at $90. However if you want to do the 3-show gig in one of 8 cities (Stadium, Arena, nightclub) with a chance to meet the band, the bill is slightly over $3,000.00
Sold out.
Aging rockers or not.......whether anyone on this forum likes them or not, they are the greatest live entertainment draw in the world and have been for over 2 decades. They hold the top 5 concert tours, for both ATTENDENCE and $$, of all time. After this tour it'll be 6.
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