No one wants to splurge on concerts and festivals anymore. Are live music events dead?

Street Knowledge

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The BeyHive and Swifties assembled last summer, fiending for tickets to experience two of the biggest tours of the decade. And they were willing to spend big.


This summer, it’s been a completely different story.
Artists such as Jennifer Lopez and the Black Keys have scrapped entire arena tours that were struggling to sell tickets. Now pop artists such as Charli XCX and Nicki Minaj are poised to play to half-empty arenas, despite their albums sparking viral memes over the past year.


Several multiday events such as the Sierra Nevada World Music Festival, Desert Dazeand the Skull & Roses Grateful Dead tribute festival have also been canceled due to financial difficulties, partially due to low ticket sales and the rising cost of creating such major productions. It seems the post-pandemic itch for live music has plateaued. But why?


People have stopped ‘revenge spending,’” Jordan Kurland, partner at Bay Area concert promoter Noise Pop and co-founder and partner at Brilliant Corners Artist Management, told the Chronicle, referring to the compulsion to splurge on in-person experiences to make up for opportunities lost during the COVID pandemic.

He added: “We’re still dealing with inflation, so everyday life is more expensive for people.”

Indeed, music lovers seem to be less willing to break the bank for a concert that might be anything less than extraordinary. “When tickets to a show cost more than a flight to Hawaii, it’s hard to justify,” said San Francisco resident and regular concertgoer Drew McGrath, 27.

This year was the first since 2012 that passes for the second weekend of the Coachella Valley Music and Arts Festival, which draws more than 600,000 people annually to the desert city of Indio (Riverside County), didn’t sell out. Even resale tickets were popping up on third-party sites such as StubHub for less than face value ($499 to $1,269).


Closer to home, the annual three-day Outside Lands festival didn’t sell out its 16th edition, which ran Aug. 9-11 at Golden Gate Park in San Francisco. While presale tickets sold out within an hour of being released in early April (before the concert lineup was announced), plenty of general admission, VIP and Golden Gate Club passes remained available throughout the weekend.

This marks a major change from 2021, when — as one of the first major festivals in the country to return after the start of the COVID pandemic — Outside Lands general admission and VIP tickets sold out within hours.

 

Jerz-2

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Let's keep it 💯...artists who put on stage shows WORTHY of steep ticket prices are very few and far between.

The recording industry is experiencing some "chickens coming home to roost" type shyt right now.
 

Yecht

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Technology is the real culprit. Sporting events have the same dilemma. I have a stadium quality sound system and an 85 inch 8k TV in my living room. Why would I want to be shoulder to shoulder with 10k+ sweaty idiots screaming and hollering over the music, grimy bathrooms with long lines, chaotic parking/traffic, and crazy priced drinks and food for something that would look and sound better at home? Add on that most rappers are terrible performers and a lot of singers are studio products who can't actually sing. No thanks...

Outside of if you want to dance or "for the experience", there's no reason to do this anymore except for the best of the best shows IMO :yeshrug:
 

Tommy Gibbs

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mfers are getting smart. NO one wants to keep paying $600 -$1000 for shytty seats to see bullshyt performances. I was seeing better performances with STACKED cards in the 90s of legends for $25-30 per ticket to be front row. They are no longer selling you a great show, they are selling you an opportunity to go live with some shyt on IG, facebook or Twitter to make yourself seem important. When I was going to a lot of my shows in the 90s, I don't even have pictures from a lot of them because cameras weren't allowed in the venue. The best show I ever attended( Gang Starr in 1999), they took everyone's camera at the door and gave you a ticket to get it back once the show ended).
 

O.Red

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Whole lotta these nikkas can't perform:manny:

Performance ability is the great equalizer. People will always pay to see a captivating artist

I bet Travis Scott ain't complaining
 

Monoblock

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People aint got the bread nowadays and showmanship is pretty much dead excluding a select few. Ticket prices have been out of control not to mention the merch, food and beverage prices. shyt is even more ridiculous. People being squeezed to the brink and concerts just aint a priority like it used to be.
 
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