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Learn the factors drive up ticket prices & ways to find a good deal
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If you’ve bought a concert ticket recently, you’ve probably noticed the prices are higher than they were just a few years ago. While artists, promoters, and venues are all setting higher prices, ticketing services and resellers also add extra fees that sometimes are the same cost as the tickets. While higher prices aren’t going anywhere, there are still some ways to find tickets at a lower cost. Keep reading to learn what factors make the concert ticket prices so expensive, plus how you can score cheaper tickets to the next show you go to.
Things You Should Know
- Artists and promoters control the face value of concert tickets, and they may charge more to make up for production costs, marketing, and lost revenue from streaming.
- Venues charge facility fees to cover the cost of renting out the venue, and may have higher prices if they have exclusive deals with promoters.
- Ticketing services charge fees for ordering online, delivering tickets, and processing orders. Resellers buy high-demand tickets quickly and sell them at higher prices.
Steps
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References
- ↑ https://moneywise.ca/a/ch-pms/Ticketmaster-concert-tickets-Side-Door?native_creative_id=15
- ↑ https://www.digitalmusicnews.com/2018/12/25/streaming-music-services-pay-2019/
- ↑ https://www.theguardian.com/music/2017/jan/30/where-does-concert-ticket-money-go
- ↑ https://ticketmaster-us.zendesk.com/hc/en-us/articles/9663528775313-How-are-ticket-prices-and-fees-determined-
- ↑ https://finance.yahoo.com/news/11-000-see-taylor-swift-120045597.html
- ↑ https://ticketmaster-us.zendesk.com/hc/en-us/articles/9663528775313-How-are-ticket-prices-and-fees-determined-
- ↑ https://www.commerce.senate.gov/2023/6/seatgeek-live-nation-agree-to-disclose-full-ticket-costs-upfront-following-cantwell-s-ticket-act-introduction
- ↑ https://fortune.com/2023/01/27/ticketmaster-live-nation-monopoly-music-fans-politics-taylor-swift-entertainment-gabriel-smith/
- ↑ https://www.nytimes.com/2023/04/07/arts/music/concert-ticket-prices.html
- ↑ https://finance.yahoo.com/news/11-000-see-taylor-swift-120045597.html
- ↑ https://www.aarp.org/entertainment/music/info-2018/concert-ticket-price-guide.html
- ↑ https://seatpick.com/blog/4-tips-on-how-to-save-money-on-concert-tickets
- ↑ https://seatpick.com/blog/4-tips-on-how-to-save-money-on-concert-tickets
- ↑ https://finance.yahoo.com/news/11-000-see-taylor-swift-120045597.html
- ↑ https://finance.yahoo.com/news/11-000-see-taylor-swift-120045597.html
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