“UNEVEN CASH FLOW – Followers of giant rock band left fuming as tickets for stadium present are slashed by 50% after poor gross sales”: https://t.ly/hCCx2

The music enterprise has traditionally been opaque. They are saying one factor when the reality is one other. They’ll inform you they’re including exhibits as a result of the earlier ones are bought out, so you purchase additional tickets to scalp, however you find yourself discovering out they lied, the earlier present was not bought out, and you’ll’t lay off your tickets at wherever close to face worth, if in any respect.

However the panorama is altering. Due to data.

Let’s begin with the blue dots. The Ticketmaster website is a plethora of data. You’ll be able to see what tickets are nonetheless accessible, which of them are for resale, and when J.Lo canceled her tour nobody believed it, as a result of there have been seas of blue dots throughout Ticketmaster.

However that’s not all. Now we have now Twitter websites that provide you with this data and extra. I like to recommend you observe @underfacevalue and Ticket_Help2022 The insiders do, X offers this data.

So all we’ve been listening to about is ticket costs are artificially excessive due to Ticketmaster, nobody in authorities speaks of provide and demand, however on the subject of eating places…

You won’t be following the kerfuffle. Persons are scalping restaurant reservations in New York. In order that they handed a regulation to attempt to remove this:

“Why NYC’s Hottest Eating Reservations Will Keep Unattainable to Rating – A proposed regulation geared toward bots and scalpers who cater to wealthy and determined restaurant followers isn’t assured to make getting a sizzling desk simpler.”

Free hyperlink: https://t.ly/dCZaA

I really like this Bloomberg headline as a result of it’s precisely what insiders learn about live performance tickets and everybody within the authorities appears to not. The issue isn’t Ticketmaster, the issue is SUPPLY AND DEMAND!

In the event you learn this text you’ll discover that the common spend for dinner at these eating places is $100 to $150. However when musical artists cost the identical factor individuals go NUTS! The identical boomers complaining about Springsteen ticket costs don’t have any downside dropping these quantities for dinner. What offers? Every is an evanescent expertise, and a live performance may be as soon as in a lifetime, the band may by no means come again to your city, you may by no means ever be capable of see them once more!

However nobody is cracking down on live performance ticket scalping, as a result of the scalpers have too robust a foyer, they’re organized, whereas the restaurant reservation enterprise is a nascent one.

Rising Brown junior Alex Eisler made 100k promoting restaurant reservations placing in solely half an hour to 2 hours a day. Nature abhors a vacuum. Which is why we have now restaurant reservation scalpers, and live performance ticket scalpers. You’d suppose acts would cost what the ticket is value, however no, they’re afraid of being judged, WHY?

As for Pearl Jam… The band broke within the nineties. Their hardcore followers are Gen-X’ers, now of their fifties. They’ve the cash, however mockingly they’re those who suppose twice about paying it.

However we will argue that Pearl Jam is extra of an American act.

However we will say the promoter misjudged the market. That’s what occurred with the Black Keys and J.Lo. What occurred yesterday doesn’t apply to right now.

Yesterday, each present bought out. Demand was by way of the roof. Why not cost extra, in any other case the scalpers will reap the good thing about the unfold.

Nevertheless it seems the client is saying no. This is similar buyer who regardless of listening to advert infinitum how the economic system goes nice, finds meals and different prices far more costly.

They’re holding on to their {dollars}.

So what we’re seeing is a value correction, in entrance of our very eyes. And the general public is conscious of this. And nobody, NO ONE, likes discovering out the individual proper subsequent to them paid much less for what they purchased. We’ve discovered to just accept this with airways, however the finish result’s everyone hates the airways, who’ve rigged the system by consolidation and lack of competitors on routes. That is Napster ready to occur. And in actuality, airline costs are coming down too. That post-Covid mania has expired.

So what sells?

Nicely, Noah Kahan is a breakthrough artist. However how many individuals has he truly damaged by way of to? This isn’t an MTV act from the eighties. Most individuals don’t even know his title. And in actuality, regardless of being within the market for numerous years, he’s seen as a brand new act, and persons are questioning if it’s value it to put down all this dough.

And when you’re working on fumes, out enjoying your best hits…

Nicely, hopefully you’re doing it on the shed, the place the promoter has different streams of income apart from tickets, the place there’s oftentimes an inexpensive garden, as a result of when you put up your present on the enviornment, GOOD LUCK!

However Taylor Swift exhibits bought out and fogeys couldn’t purchase their youngsters tickets so somebody have to be at fault.

The reality is Swift was a genius. She put up all her U.S. tickets without delay to create mania to ensure she went clear. Sure, the soiled little secret of the earlier tour was she didn’t promote each ticket. However whenever you get caught up within the maelstrom…you don’t need to be ignored. And by no means underestimate the facility of fogeys. They’re vicious on the subject of delivering what their youngsters need.

So what occurs now?

Attention-grabbing query.

As for the common boomer bands… They’re near the tip, so everyone is really questioning whether or not it’s the final time. Nonetheless, individuals have been speculating on the final time for years now. However, these bands have been going out at astronomical costs for a very long time, so the general public is used to it, and they’re real superstars.

What number of acts of the final fifteen years have reached this standing, the place everyone in America is aware of their tunes? Completely nobody. Interval. Nonetheless, there are extra individuals in America than ever earlier than, and music is a singular visceral expertise in a world the place all of us personal the identical gadgets. So it’s a big cult viewers and… Nobody goes to considered one of these exhibits on a whim, they’re simply too costly.

And why do they hold canceling festivals? Are they too costly or is the lineup not engaging sufficient or each?

And typically you possibly can decrease the costs and other people nonetheless don’t need to come.

So when you’re planning a tour now… The information is simply coming in. You could possibly put up exhibits and do awful enterprise or put up exhibits and promote out and need you performed greater buildings at increased costs.

And the place is the federal government on this? Nowhere to be seen.

We’re seeing a correction. The great previous days are behind us. Are there new good days to return?

Nicely, we thought when the basic acts handed that everyone can be enjoying smaller buildings, however there are extra stadium exhibits than ever earlier than. Audiences are narrower, however they’re very deep.

So right here you discover the essence of live performance promotion. Nothing is assured, it’s a wager. AI ain’t gonna inform you, information solely means a lot, it’s a intestine resolution, and nice music hits you in the identical method, the intestine.

However the backside line is individuals don’t need to pay as a lot as they’ve been paying for the previous two years to see most acts. How a lot of that is the act, how a lot of that is the economic system, how a lot of that is music’s place within the panorama?

Let’s ask the federal government. Ha!