With paltry streaming royalties and a cost-of-touring crisis, it’s harder than ever to make money as a musician. Claudia Cockerell on the household names who are taking up side hustles, and what it says about the state of the music industry
It’s got to be the ticketing taking too much vig, right? I hear these stories about $300 tickets, I haven’t been to a concert in years but in the 2000’s touring was where the money came from. With $45+ticketmaster tickets.
They have to be sucking all the money out at point of sale
Just look at ticket prices on ticketmaster for a US show and compare it to the cost of an international venue.
When I was pricing David Gilmour it was literally cheaper to buy a plane ticket and fly from NY to Rome and go to the show there than get the worst seats in Madison Square Garden.
The ticketing company owns all the venues now and they own the secondhand scalper sites so they allocate a bunch of tickets to the secondhand site and mark them way up plus they can charge whatever they want for the venue and only pay the artist what they were contracted for
Those days are over sadly. Ticketing and venues are largely consolidated now.
It’s got to be the ticketing taking too much vig, right? I hear these stories about $300 tickets, I haven’t been to a concert in years but in the 2000’s touring was where the money came from. With $45+ticketmaster tickets.
They have to be sucking all the money out at point of sale
Just look at ticket prices on ticketmaster for a US show and compare it to the cost of an international venue.
When I was pricing David Gilmour it was literally cheaper to buy a plane ticket and fly from NY to Rome and go to the show there than get the worst seats in Madison Square Garden.
Because Ticketmaster and it’s venues are a monopoly. Pearl Jam tried to warn us 30 years ago.
The ticketing company owns all the venues now and they own the secondhand scalper sites so they allocate a bunch of tickets to the secondhand site and mark them way up plus they can charge whatever they want for the venue and only pay the artist what they were contracted for