High Band Cost Essay

1208 Words3 Pages

As technology evolves and progress, humans connection with the outside world diminish. Is our disconnection with the outside world the reason we are seeing record high prices when it comes to attending concerts? Concerts are the only way of connecting with our favorite artist and bands and interact with hundreds of other fans just like us. The cost to attend concerts has increased faster than the decimal meter at the performance. In fact, the average ticket cost has soared by 62 percent from 1996 to 2001 (Krueger). As a spectator are we really getting what we are paying for at these events, or is big business just squeezing the little guy for everything he or she has? There are many reasons for the increase in price to attend concerts. …show more content…

When patrons plan to see an event they tend to use websites such as Ticketmaster and StubHub both of which are their party sites. These sites make money by selling tickets above their face value price and charging a convict fee for purchasing them through the site. Leaving many consumers to believe that a ticket's face value doesn't mean anything. Many of these websites use algorithms to predict which events are more popular charging not only a premium to attend the event but also for where you want to sit. For example, even though a front row ticket could have been purchased from the concert's venue's website for $100 it sold out in the first hour of being put up for sale. You then check Ticketmaster who seems to have plenty of front row seat options but all listed for $2,000. According to (Roberts) these types of sales tactics of third party sites have caused fewer concerts to sell out. Third party sites are not the only ones to blame for this predicament thought, other individuals such as fan club members and season ticket holders are using the same tactics and taking advantage of the early release of tickets and purchase a sufficient amount to resale above the market value. According to Roberts “Almost two decades later, Ticketmaster controls more than 80% of primary ticketing at major venues. (U.S. peer StubHub, which is owned by eBay, dominates the “secondary” ticketing market.) Prices are steeper than ever, and pre-sale practices are increasingly convoluted: this fall, for example, it was reported that just 7% of tickets for a Justin Bieber concert in Tennessee were made available on the primary market, with the rest reserved for fan clubs, credit card member promotions, and resellers. Fans, predictably, were

Open Document