23.04.06 - High Concert Ticket Prices down to p2p?
According to an article at BBC News, $250 tickets for the latest Madonna tour are the fault of P2P file sharing. 'Before the advent of illegal downloads, artists had an incentive to underprice their concerts, because bigger audiences translated into higher record sales, Professor Krueger argues. But now, he says, the link between the two products has been severed, meaning that artists and their managers need to make more money from concerts and feel less constrained in setting ticket prices.' And it seems David Bowie agrees. Is 'the fans always get fleeced' the rock industry's equivalent to Moore's Law?
From the BBC:
But why has the rise in ticket prices been so sudden? Professor Krueger says there is no simple answer - but one explanation could be what he calls "Bowie Theory".
He points out that sales of recorded music fell from 1999 to 2002, causing artists' income to decline. He believes record sales are down because many potential customers frequently download music free from the Web or copy CDs, either legally or illegally.
Professor Krueger said his view had prompted a mixed reaction. "I got some critical e-mails. There are some people who are big defenders of the free availability of the internet. But the general reaction that I got has been agreement."
Before the advent of illegal downloads, artists had an incentive to underprice their concerts, because bigger audiences translated into higher record sales, Professor Krueger argues.
But now, he says, the link between the two products has been severed, meaning that artists and their managers need to make more money from concerts and feel less constrained in setting ticket prices.
Professor Krueger says this tendency was spotted by David Bowie, who told the New York Times in 2002 that "music itself is going to become like running water or electricity".
Bowie has advised his fellow performers: "You'd better be prepared for doing a lot of touring, because that's really the only unique situation that's going to be left."
Ignore the fact that Madonna sucks ass, there's a stupid Prof. that claims high concert ticket prices are down to piracy... lets add it to the list of things we can blame piracy for!
Wow, so its not because organisers are greedy f*cks, and it must be piracy's fault that beer and food costs extreme amounts of money when you get inside the place too....
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