Are fans being priced out of live gigs?
Summary
Ticket prices for big stadium concerts by stars like Céline Dion and Taylor Swift have risen due to a practice called dynamic pricing, where prices change based on demand. This means some fans cannot afford tickets, but smaller and medium venues offer more affordable options without dynamic pricing.Key Facts
- Big concerts use dynamic ticket pricing, raising prices when demand is high.
- Many fans say they cannot afford tickets for these large stadium shows.
- Andrew Mall from Northeastern University explains that as long as some fans pay higher prices, this pricing will continue.
- Smaller and medium-sized venues, hosting 500 to 3,500 people, usually do not use dynamic pricing and are doing well.
- Going to live concerts is seen as a special experience because it involves real people performing together in front of an audience.
- The rise of AI in music creation poses risks, such as fewer opportunities for live musicians and songwriters.
- Ticketmaster's pricing practices, especially for popular tours, are under investigation in some countries like the UK.
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