E-Mail Of The Day

An agent:

Why are shows tanking? When live nation formed promoters that had risked their own dollar retired. The ones that remained didn’t feel the hit as bad when they lost company money. Many of their buyers don’t know what it is like to lose their own money.  The buyers have lost touch with the public. Limp Biscuit? Really that should be a club tour or theaters at best.

With a strong economy bands were overpaid. Bands that can’t sell $20k in tickets could make 50k at casinos and festivals.  Many agents don’t have a clue what their act is worth in a hard ticket economy. Many managers are in the same boat. Their act hasn’t released new product that anyone cares about enough to see live in 3 years or more.  Why would people want to overpay to see the same show they saw years before?

Concert industry is doing just fine.  Everyone will just have to work for what they are worth. Just because you have a few songs people know doesn’t mean you have the right to make millions. The shows no one wants to see will go away. TO was on the CMT awards. He used to be a great football player. Do teams pay him millions to play anymore?

name withheld by request

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  1. […] Lefsetz Letter » Blog Archive » E-Mail Of The Day lefsetz.com/wordpress/index.php/archives/2010/06/16/e-mail-of-the-day-24/ – view page – cached Why are shows tanking? When live nation formed promoters that had risked their own dollar retired. The ones that remained didn’t feel the hit as bad when they lost company money. Many of their buyers don’t know what it is like to lose their own money. The buyers have lost touch with the public. Tweets about this link Topsy.Data.Twitter.User[‘ehpo’] = {“photo”:”http://a1.twimg.com/profile_images/977071644/photo_30347_0_normal.jpg”,”url”:”http://twitter.com/ehpo”,”nick”:”ehpo”}; ehpoHighly Influential: “Bob gaat nog even door over de zieke live business in de US: "E-Mail Of The Day" http://bit.ly/dndA95 #fb ” 7 hours ago retweet Topsy.Data.Twitter.User[‘brooksbayne’] = {“photo”:”http://a3.twimg.com/profile_images/975290923/bb.exposed.bw_normal.jpg”,”url”:”http://twitter.com/brooksbayne”,”nick”:”brooksbayne”}; brooksbayneHighly Influential: “an agent responds to live nation's plethora of concert cancellations http://bit.ly/dBhv0S #music ” 7 hours ago retweet Filter tweets […]


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  1. […] Lefsetz Letter » Blog Archive » E-Mail Of The Day lefsetz.com/wordpress/index.php/archives/2010/06/16/e-mail-of-the-day-24/ – view page – cached Why are shows tanking? When live nation formed promoters that had risked their own dollar retired. The ones that remained didn’t feel the hit as bad when they lost company money. Many of their buyers don’t know what it is like to lose their own money. The buyers have lost touch with the public. Tweets about this link Topsy.Data.Twitter.User[‘ehpo’] = {“photo”:”http://a1.twimg.com/profile_images/977071644/photo_30347_0_normal.jpg”,”url”:”http://twitter.com/ehpo”,”nick”:”ehpo”}; ehpoHighly Influential: “Bob gaat nog even door over de zieke live business in de US: "E-Mail Of The Day" http://bit.ly/dndA95 #fb ” 7 hours ago retweet Topsy.Data.Twitter.User[‘brooksbayne’] = {“photo”:”http://a3.twimg.com/profile_images/975290923/bb.exposed.bw_normal.jpg”,”url”:”http://twitter.com/brooksbayne”,”nick”:”brooksbayne”}; brooksbayneHighly Influential: “an agent responds to live nation's plethora of concert cancellations http://bit.ly/dBhv0S #music ” 7 hours ago retweet Filter tweets […]

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