The Cost of Live Music
“In the past, Krueger says, live concerts were about throwing a party, not selling a product. Money was made from music sales, so artists had more incentive to underprice concerts. Over time sales of recorded music has dropped and illegal downloads, he says, and the connection between recorded music and live concerts is gone. Artists and managers are compelled to make more money from concerts. Since 1996 ticket prices have outpaced inflation — 8.9% though 2003 versus 2.3% inflation.” [Coolfer]
