Why Are Concert Tickets So Expensive? 6 Reasons Sunday November 13 2022, 9:45 PM
Yona Marie
Singer, Songwriter, Producer.
Why Are Concert Tickets So Expensive? 6 Reasons

Why Are Concert Tickets So Expensive?

Have you noticed that the price of a concert ticket has been getting more and more ridiculous over the years? It's not just because of inflation over time; the BBC found that average ticket prices for big arena gigs have more than doubled since the late 90s. 

Companies like Time and Billboard have looked into the problem and found that there are several reasons why it's hard to find a well-priced ticket in today's music business. The reasons are pretty straightforward, so let's discuss a few of the culprits for this issue!

Reliance On Live Performance Income

Ever since music streaming has come into play, the amount of income that artists and performers receive from their songs has plummeted a lot. Creators are scrapping for pennies from the royalty payments that don't quite hit the same as CD sales used to back in the day.

Because of this loss of revenue, artists and musicians have to really push when it comes to gigs, concerts, and ticket pricing. It's not like the artists are trying to take advantage of you; they are just trying to make a decent amount of income for all the hard work they've put in!

Increased Production Costs 

The costs associated with putting on a great show have gone up a lot as well over the years. According to promoter Paul Hutton, costs for all that goes on behind the scenes are rising, and the music industry has become more regulated, with taxes and other costs causing an increase in spending. 

With the recent pandemic, prices of production have risen significantly. Production-related companies and music artists alike are charging a bit more for their products and services to make up for the lack of sales that went on for years due to lockdowns. 

Extra Fees Add Up

The way that profits from ticket sales are split has changed over the years, giving promoters less income since artists are demanding more to make up for the loss in music and merch sales. As the music artists demand more, the promoters wind up making less.

With this problem, promoters can decide to add a bunch of random fees during the checkout process, like processing fees, convenience fees, service fees, and the like. Once you add all the fees up, it can seem like it totals the amount of the ticket price itself. 

Hidden costs that you may not even consider at the venue, like parking and overpriced food/drink, can also make it feel like the overall concert-going experience is getting way more expensive lately. 

Resellers And Markups 

Resellers are plaguing many item sales, from concerts and sporting events to sneakers and accessories. They often buy tickets in bulk from sellers like Ticketmaster and then charge hefty prices when they resell so that they can take a chunk of profit for themselves. 

Over time, in comparison to ticket sales back in the day, reselling individuals and companies are taking up a much larger chunk of ticket sales and forcing music fans to buy from third parties instead of more affordable and direct ways. 

High Demand In Spite Of Prices

Resellers, the push for live entertainment after the peak of COVID, and the general high demand for concert tickets allow for them to be sold for hire prices. When demand goes up, prices go up so that seats can still get filled appropriately. 

If the ticket prices stayed a bit lower, but the demand continued to rise, tickets would sell out too fast, and profits would remain the same. But when you increase the prices, tickets go a bit more slowly, and everyone involved with the production can make more. 

Rising Inflation 

With all of these influences on the prices of concert tickets, inflation itself still makes it all the more dramatic when you break it down by the numbers. What was worth $1 in 1999 is currently worth $1.79 today, which is nearly doubling ticket sales price. 

Once you put all the other effects on ticket pricing into consideration on top of inflation, you could be looking at tickets that are three or four times as high as they used to be back in the late 90s. But the amount of income increase we've earned at our jobs and set aside for this type of entertainment is not able to compete! 

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Yona Marie

As a session singer, writer, and producer that has worked with over 200 clients to provide high-quality jingles, singles, features, nursery rhymes, and DJ drops, she currently spends her time engulfed in creating and marketing new music and helpful resources for creators. Her most recent creative collaborations include work with PBS Sound Field, Tribe of Noise, and the National Black Chamber of Commerce. Check out Yona’s latest music releases on her Spotify, her Youtube and share the music if you like it!

If you are ever in need of singer, songwriter or song producer services for your music project or brand, see what Yona Marie can offer you on her song services page. As an Amazon Associate, Yona Marie earns from qualifying purchases. Amazon and other affiliate products are recommended to genuinely help readers and keep this site up and running as well.

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