About Those Ticket Prices...

In the wake of every live show in the world seemingly canceling because of the Covid-19 pandemic, I have to ask: what will happen to ticket prices when this nightmare is over? Ticketmaster/Live Nation already add exorbitant fees on every ticket sold. The lost revenue we are looking at now is breathtaking in scope. Pretty soon a $35 lawn seat will be $100 after fees. I hope there is some pressure on Ticketmaster/Live Nation to not add a bunch of miscellaneous and nebulous fees, but I am not confident.

We are definitely in a recessionary environment. As time moves along and people begin pulling back their spending because of job loss or fear, that will impact concert ticket sales too. That is economics 101. Food and shelter are a need. Concerts are a want. This will also put pressure on Ticketmaster/Live Nation to keep ticket prices in line to at least where they were two weeks ago. In many instances, prices will need to fall to get people back at shows, especially in this pandemic drags on for a long time. From history, pandemics usually last three months per impacted region. Interesting times.