$10 Concert Tickets! (Another Weird Economic Indicator)
Last night, I pinged a friend about this crazy advert I got regarding a band/tour he is involved with. He can only be identified as an "Anonymous Industry Exec" (Thanks for the Police/Elvis Costello Tix hookup, G!)
He writes:
"This is shaping up to be a pretty bad summer for touring. A lot of tours are having trouble. The sheds (like Jones Beach) are having a particularly hard time selling seats. The economic difficulties are showing up in weak ticket sales. A lot of people are reluctant to spend all that money on gas getting to the show, paying for parking and then beer -- on top of the concert tickets.
By contrast, movie box office is doing reasonably well, most likely because the prices are reasonable, there have been some decent movies this year and with people staying closer to home, movies are a vacation substitute. Much cheaper to take a family to Wall-E than to Disney or Six Flags...
Note that most of the tickets I have gotten from shows ranged from reasonable (any Jazz show in NYC) to $60 (James Taylor) to $90 (Steely Dan 3rd row) to really expensive (the aforementioned Police/Elvis tour in great seats).
Here's the advert that started this conversation:
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Wednesday, July 09, 2008 | 07:00 PM | Permalink
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Dude, you'd have to PAY me more than $10.00 to see Steve Miller band.
Posted by: JohnW | Jul 9, 2008 7:17:22 PM
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