Can Venues Reach Around Ticketmaster? The Vision of DIY Ticketing…
Ticketmaster takes a boatload of ticketing, ecommerce, and promotional issues off of the hands of venues. But outsourcing also carries a boatload of costs, including limited access to attendee data and higher pricing. That could spell market opportunity, and Irish startup Ticket Text is betting that venues will embrace cheaper software solutions, more direct management and greater control.
Live Nation: Top Tours Dropped 9% This Year; Broader Industry 17%…
Ticket sales for Live Nation’s top 100 tours dropped nearly 10 percent during the first half, according to a financial meeting on Thursday. That is part of a 17 percent industry decline across the top tours, based on company breakdowns.
In Times of Trouble, Can Targeted Touring Come to the Rescue?
Live Nation is slashing fees to fill shows this summer. And outside of the crowd-packing elite, even bigger acts are suffering from under-attended dates. Elsewhere, popular artists like Imogen Heap are struggling to make the economics work on the road.
The Story on Touring? It’s Complicated…
Touring was once considered an antidote to file-sharing, and a fresh path for artists to make money. Sounded great on paper, though realities have been mixed for artists and concert promoters. Some artists are ‘killing it,’ others are getting killed, and broader concert receipts have been disappointing across various artist tiers.