Btw, if you Google "Live Nation", you won't be able to find this information. All you'll be able to find are positive articles spinning the sad situation LiveNation is in.
Btw, if you Google "Live Nation", you won't be able to find this information. All you'll be able to find are positive articles spinning the sad situation LiveNation is in. People are not covering this story, because it's pretty much the nail in the coffin as far as the music business stands. A lot of industry people were saying that live concerts were still selling despite the drastic drop in CD sales...As we can see this was a lie.
From "The Lefsetz Letter": "Live Nation Cancels Shows
Unilaterally. Supposedly 200 at CAA alone.
This has been the buzz of L.A. for days, but has gotten no mainstream media attention.
We know it’s been a bad summer… But this bad?
The concert giant is trying to save itself. Which is the exact opposite of its behavior since its inception, which was about overpaying to decimate the competition.
They’ve achieved their goal, but at the cost of their bottom line. And when the Ticketmaster kickbacks don’t make up the difference, when there aren’t enough people in the venue to profit from food and beer sales, never mind a cut of merch, drastic measures are necessary. This on top of a no secondary market booking policy that was instituted months back.
You may be on the outside, laughing, but unless you’re a consumer, you’re in trouble. The giant that overpaid and didn’t demand you give back on a losing show? That company is gone. Replaced by one struggling for not only its survival, but a good share price (oftentimes in reverse order).
Michael Rapino has gone on record that if he doesn’t pay, someone else will.
But suddenly, the casinos can walk away. And not everything AEG presents sells out.
So where do we go from here?
Lower prices.
Then again, a lot of these shows no one wants to see at any price. And too many oldsters have toured the same show year after year after year and the audience has seen it, and won’t overpay to go again.
The "Wall Street Journal" reported Saturday that retail sales waned in May
Consumers Tighten Belts
So one can say soft concert ticket sales are just a reflection of the economy.
Let’s hope so, but I doubt it. I believe we’re going through a giant reset, and there’s a good chance the landscape will look totally different when we’re done.
First and foremost, the audience has gotten out of the habit of going to the show. Once a year is not a habit. And with so few places to break major acts, people would rather play Farmville on Facebook than take a flier on a new act, even if it’s cheap.
Our whole musical business culture is bankrupt.
The major labels can’t build acts because they’ve got no revenue and no one working there. They can put their energies behind one or two horses at most.
Labels used to support clubs. But they can no longer afford to, and club promoters are not incentivized to lose money, because they know when the act grows, it’ll just go to Live Nation or AEG.
Agents felt they were in a winning position. Acts would always get paid, no, let’s make that OVERPAID! But it’s one thing for the promoter to lose money at a show, it’s another thing for the act to lose the date entirely.
Who’s going to give the bad news? Where does the buck stop?
Looks like Live Nation is crying uncle. And can you sue Live Nation for breach of contract when most of your business is done with the behemoth?
Acts and managers are going to have to adjust. The free ride is over. Especially for those who haven’t had hits in eons. You’ve now got to earn your pay. And that pay is going to be a lot less. The days of the act making a profit and the promoter losing his shirt appear to be over.
By: admin | 2010/06/16 | Live Shows - Music Business | Trackback | Comments [RSS 2.0]"
two words...You Tube. why should I pay for the to see the same set that someone will post on You Tube from multiple cities? Live Nation's ticket prices are too high. Instead of going for sell outs they go for half houses which are a waste of time for a producer.
What does this mean for Jay Z and the Roc Nation deal? Another failed investment?
You hit it! That's the problem. Sure, the live concert experience can never be replaced by the virtual, but in times like these, people will settle for just a video clip. The ticket prices are certainly out of this world. For Maxwell at MSG, VIP tickets were going for close to $1,000 WITHOUT a meet-n-greet. WTH? What's the point then? Like I said before, if it's not Michael Jackson or maybe Prince, I'm not paying that much nor should anyone else have to.
Quote:
Originally Posted by veronicaluv
two words...You Tube. why should I pay for the to see the same set that someone will post on You Tube from multiple cities? Live Nation's ticket prices are too high. Instead of going for sell outs they go for half houses which are a waste of time for a producer.
What does this mean for Jay Z and the Roc Nation deal? Another failed investment?
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There's a fear that sets in. The moment our belief system challenges our position, we get afraid...and in this fear, we begin to get in what I call scavenger mode and survival mode, where we want to hold on to everything that we have so much that we want to keep it; not realizing that the power is in the RELEASE. There is nothing worth compromising your relationship with God over.- DeVon Franklin
Please dont let Maxwell/Jill Scott show this friday n DC be cancelled. I spent too much on that ticket!
ETA: as for the Jay Z....he might lose some money, but he is def hustling with that Festival/ Hippie Circuit which has never appealed to the urban crowd. Has he done about 15 hippie and festival dates?? There is money to be made everywhere.
i use to say having a laptop and high speed internet is like having a best buy in ur bedroom. i have paid to see a few artists maraih(200) and that was it for high prices. other concerts i go to are media comped or in the 40 or below mark.
but yes veronicaluv is right. i am not going to shell out money to see someone i can just watch on youtube especially if i am half assed intrested.
i'm glad these celebs are getting knocked off they high horse for singing to a beat.
i dont mind paying for music but i'm not trying to make someone rich for having a hot beat.
but i am glad they are struggling like everyone else. kids wont be so quick to wanna grow up to be jay z.
Location: Scream my name, bite your lip, and sweat for me baby.
Posts: 27,274
My Mood:
Re: Live Nation Cancels Hundreds of Shows
Maybe just maybe artist should try putting on a show.Usher is one of the only few that makes you want more.Jay-z and countless others just stand there with glasses and all black in an already dark arena(Boo we can't see you).This crap is tired and the customers are catching on to the game.Until artist give a damn about the art that is music,I will continue watching You-Tube!
Just my opinion and lower those ticket prices.I'm not trying to pay peoples bills!
not surprised. I knew from the moment they gave madonna a 500 million dollar deal this would be the outcome. She covered her end, but from then on, every artist that thought they were a big deal wanted a deal just as extravagent.
Please dont let Maxwell/Jill Scott show this friday n DC be cancelled. I spent too much on that ticket!
ETA: as for the Jay Z....he might lose some money, but he is def hustling with that Festival/ Hippie Circuit which has never appealed to the urban crowd. Has he done about 15 hippie and festival dates?? There is money to be made everywhere .
He's doing those dates because he needs the fucking money. Please believe it. Artists don't really want to tour. They tour because they have to.
Maxwell's issue is that booker booked that tour larger than Maxwell can sell. NYC, LA, ATL sure he's going to sell out the bigger venues, the smaller cities he's not. It costs more money to take a show to a smaller city, then per diem...shit forget it.
Artists make money off of shows, not cd sales unless they go 2x platinum...1x to start seeing some kind of money.. so artists are REALLY not making money nowadays unless you are pop-u-lar!
Jay is smart he saw it since he is a part of live nation and started seeing where money is being made-where the white folks are. techno, electronic, hippie all that stuff is a huge wave right now in general.
Maybe just maybe artist should try putting on a show.Usher is one of the only few that makes you want more.Jay-z and countless others just stand there with glasses and all black in an already dark arena(Boo we can't see you).This crap is tired and the customers are catching on to the game.Until artist give a damn about the art that is music,I will continue watching You-Tube!
Just my opinion and lower those ticket prices.I'm not trying to pay peoples bills!
I was just about to say that. Aside from youtube videos. The art of showmanship is dead. most artists, even most i like, i would rather listen to their music than see them live b/c they don't put on a show worth watching(i put usher in that category too. He tries, but his act is old,IMO). Mass production has really killed our generations stars/talent.
Why pay close to a thousand dollars to watch someone stand in one places in different outfits for two hours?
Location: Scream my name, bite your lip, and sweat for me baby.
Posts: 27,274
My Mood:
Re: Live Nation Cancels Hundreds of Shows
Quote:
Originally Posted by Luckycharm
I was just about to say that. Aside from youtube videos. The art of showmanship is dead. most artists, even most i like, i would rather listen to their music than see them live b/c they don't put on a show worth watching(i put usher in that category too. He tries, but his act is old,IMO). Mass production has really killed our generations stars/talent.
Why pay close to a thousand dollars to watch someone stand in one places in different outfits for two hours?
Yeah I will only pay a grip to see five people in concert Lauryn Hill,Marvin Gaye(RIP), Kanye,Prince(Boy if sings darling Nicki,life would be complete),and......M J()
^^ my all time concert list would be Michael Jackson, James Brown and Tina Turner in their prime. Just watching their old show shows on youtube makes me want to dance. I don't get that feeling watching today's performers most times.
Marvin gaye's good too....and probably Jimi Hendrix.
Btw, if you Google "Live Nation", you won't be able to find this information. All you'll be able to find are positive articles spinning the sad situation LiveNation is in. People are not covering this story, because it's pretty much the nail in the coffin as far as the music business stands. A lot of industry people were saying that live concerts were still selling despite the drastic drop in CD sales...As we can see this was a lie.
From "The Lefsetz Letter": "Live Nation Cancels Shows
Unilaterally. Supposedly 200 at CAA alone.
This has been the buzz of L.A. for days, but has gotten no mainstream media attention.
We know it’s been a bad summer… But this bad?
The concert giant is trying to save itself. Which is the exact opposite of its behavior since its inception, which was about overpaying to decimate the competition.
They’ve achieved their goal, but at the cost of their bottom line. And when the Ticketmaster kickbacks don’t make up the difference, when there aren’t enough people in the venue to profit from food and beer sales, never mind a cut of merch, drastic measures are necessary. This on top of a no secondary market booking policy that was instituted months back.
You may be on the outside, laughing, but unless you’re a consumer, you’re in trouble. The giant that overpaid and didn’t demand you give back on a losing show? That company is gone. Replaced by one struggling for not only its survival, but a good share price (oftentimes in reverse order).
Michael Rapino has gone on record that if he doesn’t pay, someone else will.
But suddenly, the casinos can walk away. And not everything AEG presents sells out.
So where do we go from here?
Lower prices.
Then again, a lot of these shows no one wants to see at any price. And too many oldsters have toured the same show year after year after year and the audience has seen it, and won’t overpay to go again.
The "Wall Street Journal" reported Saturday that retail sales waned in May
Consumers Tighten Belts
So one can say soft concert ticket sales are just a reflection of the economy.
Let’s hope so, but I doubt it. I believe we’re going through a giant reset, and there’s a good chance the landscape will look totally different when we’re done.
First and foremost, the audience has gotten out of the habit of going to the show. Once a year is not a habit. And with so few places to break major acts, people would rather play Farmville on Facebook than take a flier on a new act, even if it’s cheap.
Our whole musical business culture is bankrupt.
The major labels can’t build acts because they’ve got no revenue and no one working there. They can put their energies behind one or two horses at most.
Labels used to support clubs. But they can no longer afford to, and club promoters are not incentivized to lose money, because they know when the act grows, it’ll just go to Live Nation or AEG.
Agents felt they were in a winning position. Acts would always get paid, no, let’s make that OVERPAID! But it’s one thing for the promoter to lose money at a show, it’s another thing for the act to lose the date entirely.
Who’s going to give the bad news? Where does the buck stop?
Looks like Live Nation is crying uncle. And can you sue Live Nation for breach of contract when most of your business is done with the behemoth?
Acts and managers are going to have to adjust. The free ride is over. Especially for those who haven’t had hits in eons. You’ve now got to earn your pay. And that pay is going to be a lot less. The days of the act making a profit and the promoter losing his shirt appear to be over.
By: admin | 2010/06/16 | Live Shows - Music Business | Trackback | Comments [RSS 2.0]"
The new acts are just not good.
The best thing they can do is get a reality show and play their music on them.
I would pay to see some oldies, but the ticket prices have to be around $50 for first tier.
The higher prices mean I will do something else with my time.
Lazy Acts and Overpriced tickets. If people step up their game and make it reasonable so people can actually have some company when they go to a show then maybe things will get a LIL better.
Live Nation knows what they are doing they're either looking for a massive "bust out" deal (where they buy up everything and sell it off piece by piece for a profit) or they want to completely own the music industry and set up a conglomerate and a "music trust" with AEG to control the biggest acts. If they can figure out a way to keep shit off the net for say about a month, They could clean up on bigtime artists.
Besides they'll be able to fuck new acts (and acts on the major artists labels i.e. Rocafella) royally by signing crazy 360 deals without the leverage of the major acts.
If they can hold on they'll be rich, just think what they could make off of Melanie Fiona if her career really takes off.
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