July 04, 2010

Talking Points: Touring and Ticket Sales

So you find yourself in a room of music industry executives and you're not quite sure what to talk about. This new feature is here to give you a quick, bullet-pointed rundown of some of the current hot topics in the music business so you're prepared for anything. Today's issue focuses on touring.

Live Nation and Ticket Sales

-Ticket sales have been tough for all level acts recently and Live Nation, the biggest concert promoter in the country who also owns Ticketmaster, has especially had trouble making money from shows

-This has impacted countless major acts including The Jonas Brothers, Lady Gaga, Maroon 5, and many more

-Live Nation/ Ticketmaster has responded by getting rid of service fees for a bit and putting tickets on sale shortly before concerts

-These reduced price tickets have made fans angry that already bought tickets at full price, the first and possibly most controversial being the Lillith tour.

-There's been some tension in the industry with tour and show cancellations left and right and everyone trying to figure out how to fix it

Here's a great article about it: Summer Concerts: Canceled shows, tours have industry in a sweat
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