http://lefsetz.com/wordpress/index.php/archives/2010/08/22/tm-full-disclosure-pricing/ First in Music Analysis Wed, 23 May 2012 13:27:28 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://lefsetz.com/wordpress/index.php/archives/2010/08/22/tm-full-disclosure-pricing/#comment-529009 Ticketmaster whipping boy no longer | Robert Collings :: entrepreneur, business transitionist Fri, 27 Aug 2010 22:21:53 +0000 http://lefsetz.com/wordpress/?p=3271#comment-529009 [...] email from Irving Azzof to Bob Lefsetz on Azoff’s ‘full disclosure’ tweet. Azoff wrote: “Correct. Since acts, [...] [...] email from Irving Azzof to Bob Lefsetz on Azoff’s ‘full disclosure’ tweet. Azoff wrote: “Correct. Since acts, [...]

]]> http://lefsetz.com/wordpress/index.php/archives/2010/08/22/tm-full-disclosure-pricing/#comment-528998 Segarini: The Rock Files: Fixing the Mess We’re In Part Two Mon, 23 Aug 2010 13:23:39 +0000 http://lefsetz.com/wordpress/?p=3271#comment-528998 [...] According to MeasuringWorth, that 2 dollars would be the equivalent of US$14.60 cents in 2008, maybe a little more today. Those $5.50 Beatle tickets in 1965 would cost you US$37.50 today. A .50 cent beer? $3.40 these days. Parking? $6.80. Hot dog? $1.70. A band that made US$5000.00 back in 1965 would be making US$34,000.00 today. So how does it come to pass that current prices for live shows are far higher than this? Simple. Every part of the food chain involved in live shows have become used to the bloated revenue from their respective contributions. From the ticket sellers, and concession owners, right up through the artists themselves, everyone has succumbed to the lure of big bucks instead of just making a comfortable living. It’s no longer enough to be in it for the excitement and the love of music, and to be able to make a nice living doing something you love, it has all become about fame, fortune, and Greed. When the music business started making huge amounts of money, a lot of the people who were responsible for the profits soaring were forced (or bought) out by business people whose main interest was the money, not the music or creativity, or passion that fueled what had made the music business so attractive to them in the first place. As the quality and creativity was replaced by profit margins and market share concerns, the industries eventually had to turn to cost cutting and belt tightening and charging higher prices in order to survive. The bloated salaries and bonuses of the owners and operators, however, remained unscathed, and artists, spending more and more on their live shows, liked the money they could now make on the road, a much bigger slice of the pie than they received for their recordings. As far as the live business is concerned, one of the biggest complaints from music fans are all the hidden costs in purchasing a ticket for a show. There doesn’t seem to be any relief in that department on the horizon, but this may be a step in the right direction. This is from Bob Lefsetz’ highly readable and informed newsletter: Ticket Master’s full disclosure pricing. [...] [...] According to MeasuringWorth, that 2 dollars would be the equivalent of US$14.60 cents in 2008, maybe a little more today. Those $5.50 Beatle tickets in 1965 would cost you US$37.50 today. A .50 cent beer? $3.40 these days. Parking? $6.80. Hot dog? $1.70. A band that made US$5000.00 back in 1965 would be making US$34,000.00 today. So how does it come to pass that current prices for live shows are far higher than this? Simple. Every part of the food chain involved in live shows have become used to the bloated revenue from their respective contributions. From the ticket sellers, and concession owners, right up through the artists themselves, everyone has succumbed to the lure of big bucks instead of just making a comfortable living. It’s no longer enough to be in it for the excitement and the love of music, and to be able to make a nice living doing something you love, it has all become about fame, fortune, and Greed. When the music business started making huge amounts of money, a lot of the people who were responsible for the profits soaring were forced (or bought) out by business people whose main interest was the money, not the music or creativity, or passion that fueled what had made the music business so attractive to them in the first place. As the quality and creativity was replaced by profit margins and market share concerns, the industries eventually had to turn to cost cutting and belt tightening and charging higher prices in order to survive. The bloated salaries and bonuses of the owners and operators, however, remained unscathed, and artists, spending more and more on their live shows, liked the money they could now make on the road, a much bigger slice of the pie than they received for their recordings. As far as the live business is concerned, one of the biggest complaints from music fans are all the hidden costs in purchasing a ticket for a show. There doesn’t seem to be any relief in that department on the horizon, but this may be a step in the right direction. This is from Bob Lefsetz’ highly readable and informed newsletter: Ticket Master’s full disclosure pricing. [...]

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