Podcast Summary
Music ticket demand: Fans experienced frustration and financial strain trying to secure Oasis tickets during their reunion tour, resulting in some purchasing expensive 'in-demand standing' tickets which turned out to be regular standing tickets with added fees.
The demand for Oasis tickets during their reunion tour was extremely high, leading to frustration and financial strain for many fans. Despite waiting for hours in the online queue, some were unable to secure tickets at face value and resorted to purchasing expensive "in-demand standing" tickets, which turned out to be regular standing tickets with additional fees. This experience highlights the power of popular music and the lengths fans will go to secure tickets to see their favorite bands perform live. The discussion also touches upon the use of technology in ticketing, which can sometimes create more problems than solutions.
Ticket affordability: High demand for popular concert tickets leads to exorbitant prices due to limited supply and dynamic pricing, leaving fans frustrated and disappointed.
The high demand for tickets to popular concerts, such as the Oasis reunion tour, can lead to exorbitant prices due to dynamic pricing and limited supply. Fans, including younger generations, were left disappointed and frustrated as they were unable to secure tickets despite logging on in large numbers. The issue of ticket affordability has gained widespread attention, with politicians promising action. The rise in ticket prices can be attributed to inflation, declining album sales, and the importance of live tours as a revenue stream for artists. Despite the controversy surrounding ageism and gatekeeping, it appears that a diverse range of fans were attempting to purchase tickets.
Dynamic pricing in music industry: Dynamic pricing for concert tickets, while similar to airlines and hotels, is a controversial topic due to limited ticket supply and potential unfair targeting of dedicated fans
The music industry trend of implementing dynamic pricing for concert tickets has become a topic of controversy, as seen with the recent Oasis reunion tour. Fans who missed the initial ticket sales were met with exorbitant prices, despite the face value being significantly lower. This pricing strategy, where prices rise based on demand, is similar to what is seen in other industries like airlines and hotels. However, unlike these industries, there is a limited supply of concert tickets, making the situation unique. The decision to use dynamic pricing ultimately lies with the band and their management, although ticket selling companies like Ticketmaster may provide advice. While some argue that dynamic pricing helps combat ticket touting, others believe it unfairly targets dedicated fans.
Dynamic pricing incentives for touts: Dynamic pricing can create incentives for touts to resell tickets due to potential for significant price increases, leading to fan frustration and regulatory investigations
Dynamic pricing in ticket sales, while intended to combat ticket touting and ensure fair access for fans, can also create significant incentives for touts to engage in reselling activities. This is due to the potential for significant price increases, which can lead to fans being misled and feeling frustrated. The ultimate beneficiaries of this strategy are often the bands and ticket sellers, who can charge higher prices and earn larger commissions. However, the use of dynamic pricing also raises concerns about transparency and consumer protection, leading to investigations by regulatory bodies. While some artists have the power to opt out of dynamic pricing, it remains a common practice in the industry.
Dynamic pricing in live music industry: Dynamic pricing, which fluctuates ticket prices based on demand, is a contentious issue in the live music industry, with some artists facing backlash and moral concerns over fan relationships and reputational damage. However, the use of bots to buy and resell tickets at inflated prices remains a significant issue.
Dynamic pricing in the live music industry, which allows ticket prices to fluctuate based on demand, has become a contentious issue. While some artists like Tom Grennan have avoided it, others have faced public backlash, particularly during times of economic hardship. Live Nation, which owns Ticketmaster and wields significant market power, plans to increase dynamic pricing. This has raised moral and practical concerns for artists, as they consider the impact on fan relationships and potential reputational damage. However, the use of bots to buy up tickets and resell them at inflated prices has been a long-standing problem, and Ticketmaster has made efforts to combat this issue during recent high-demand events. Despite these concerns, dynamic pricing is expected to continue in the industry.
Ticket reselling for concerts: Consumers face risks of invalid tickets and financial loss when buying from resale sites for highly demanded concert tickets. Official outlets are the safest bet.
The issue of ticket reselling for concerts, particularly for highly demanded events like an Oasis reunion tour, raises concerns for consumers. Touts may still find ways to obtain and resell tickets, potentially leading to disappointment and financial loss for buyers. Some countries have banned for-profit ticket retailing, but critics argue it only pushes the issue underground. Consumers are advised against buying from resale sites as there are no guarantees for ticket validity or refunds for additional expenses like accommodation. Bands and promoters have attempted to prevent ticket reselling with various methods, such as ID checks, but these can be difficult to enforce at large venues. Ultimately, it's essential for consumers to be cautious and aware of the potential risks when purchasing tickets from sources other than the official outlets.
Concert ticket pricing: Artists earn less from streaming music, leading to higher ticket prices, but this excludes many fans, highlighting the need for a more equitable system
The rising cost of concert tickets for big artists like Oasis is a complex issue driven by various factors, including the decline of physical music sales and the market dynamics of supply and demand. Artists earn less from streaming music than they used to from album sales, making live performances an increasingly important source of revenue. However, high ticket prices exclude many fans, particularly those who can't afford to pay exorbitant amounts or go into debt. The government's intervention in the dynamic pricing system seems unlikely, and the issue may continue to be a concern for fans who want to attend live shows without breaking the bank. Ultimately, the situation highlights the need for a more equitable system that allows artists to earn a living while keeping tickets accessible to fans from all backgrounds.
Live Music Ticket Prices: Rising live music ticket prices could limit fan attendance and change the live music experience, especially in countries with strong music scenes.
The rising prices of tickets for popular live music acts could potentially have a significant and detrimental impact on the live music industry and the audience experience. This could lead to fewer genuine fans being able to attend concerts, potentially changing the nature of live music events. The discussion also highlighted that this issue could be particularly significant in countries like Britain, which are known for their strong live music scenes. It's important for bands to consider the potential consequences of high ticket prices and whether it aligns with their goals. Additionally, the podcast mentioned a series called "Black Box" that explores strange occurrences involving artificial intelligence.