The live music economy – especially in the wake of a particularly disruptive pandemic that continues to confound the touring plans of many artists – is currently in a particularly complex situation. It also raises a number of questions about how musicians, booking agents and venues are making up for lost time – should ticket prices increase due to canceled shows? Does it make sense for venues to charge more to cover lost revenue due to reduced capacities or air filtration systems?
If there was ever a time to think about the costs associated with live music, this is it. But if the changes to concerts have you wondering how much money you’re spending, a new study has something else to consider, and that is the style of music you’ll be seeing. According to a new article from Ultimate Classic Rock, classic rock audiences pay the most on average to see the music they want.
That’s the result of a FinancialBuzz analysis of “concert industry data for 800 of the top touring bands from 2017-2021.” Classic rock is at the top of the list, with the average ticket price being $119.14. Pop, at $100.65 per ticket, came in second, but had higher overall revenue for the period in question. Bruce Springsteen’s Broadway residency ranked among the most expensive tickets on average for 2017, 2018 and 2019.
Of the genres studied in the study, Christian music had the cheapest average ticket prices, at $39.38. Just above was EDM, at $55.05 a ticket. The most expensive tickets by artist for the years covered by the study featured a few household names, including Springsteen, Metallica and Dave Chappelle.
A big name whose gigs came at a relatively modest price? Robyn, who topped EDM’s list of “most expensive ticket per artist” with an average ticket price of $72.07. Looks like dancing alone to “Dancing On My Own” isn’t as expensive as you might think.
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