News
Trouble for the Tour Biz
The concert business is thanking Paul McCartney for a big first half in 2002. But don’t be fooled: A closer look shows that attendance is actually down, and the increase in revenue is due solely to a hike in ticket prices, which have jumped by about four dollars. Rock concerts in 2002 have split into two separate markets: nostalgia fests for baby boomers willing to pay as much as $100 a ticket, and tours by current bands whose younger fans usually aren’t expected to pony up more than $30. The result? More money spent on fewer tickets. According to concert-industry… Read more »