You'd want to take a deep dive on how arena entertainment works. Here's the headline:
Live Music is a loss leader for alcohol sales.
95% of the gate goes to the acts, and some of the alcohol depending on whether you are jimmy buffet or not.
Like 3rd party insurance, no one is really in a position to care about the ticket experience or expense.
The artist cares about getting the right venues and the right tour routing.
The venue cares about getting the right artists with the right age groups.
And thanks to vertical integration a company that owns the largest ticket service, manages acts, manages tours and owns festivals, nightclubs AND arena venues... well, ticketing is doing just fine.
There's no one really to leverage a new solutions.
source: friend was former ceo of tickets.com
Thanks for the good overview. It's exactly what I thought: a mix and match of different incentives that makes it pretty much impossible to change the current system.
Live Music is a loss leader for alcohol sales.
95% of the gate goes to the acts, and some of the alcohol depending on whether you are jimmy buffet or not.
Like 3rd party insurance, no one is really in a position to care about the ticket experience or expense.
The artist cares about getting the right venues and the right tour routing.
The venue cares about getting the right artists with the right age groups.
And thanks to vertical integration a company that owns the largest ticket service, manages acts, manages tours and owns festivals, nightclubs AND arena venues... well, ticketing is doing just fine.
There's no one really to leverage a new solutions. source: friend was former ceo of tickets.com