Why Are Tickets So Expensive? Depends On Whom You Ask

Prices are increasing almost 10% a year, double the pre-pandemic rate

BY DAVE BROOKS

THERE’S NO DISPUTING that concert tickets are more expensive than ever, with prices rising faster in the last three years than any previous period. Most of the major players in the concert business have recognized the rapid double-digit increase since the end of the pandemic, but few agree on what’s causing prices to spike or whether the increase represents a real problem. “It’s like going to Disneyland on a really packed day and wondering, ‘How can so many people afford to be here right now?’ ” says Jed Weitzman, a ticket-pricing expert who specializes in the concert business. “Part of you wonders how a family of four can afford to be there, and yet, clearly, there’s no shortage of people willing to pay to get in.” This year, the median ticket price…

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Billboard (Digital) - 1 Issue, October 26, 2024

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