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| German Concert Ticket Prices At Highest Level – Fans Save On Buying CD's - Willing To Spend On Live Events |
Fans want the music for free, but are willing to pay any price for concerts? The German website addressed this issue and more when Spiegel-Online recently posted an interview with the British Professor of Music and rock critic Simon Frith, who talked about the next generation of bands, touring, recording and more.
For the upcoming U2 Germany tour, fans are willing to pay over 90 euros for a ticket and according to Frith, people can spend more on concerts because they don’t pay for the music anymore which means a huge paradigm shift in the music industry. He added that it doesn’t mean that people think concerts are more important compared to the albums and that it cannot be denied that CD’s got devaluated during the last years while concerts remain to be a very important part of being a fan and enjoying music. Concerts are now a very strong trend and people are willing to pay the big prices to go to concerts, because the demand is simply increasing. But this only appears to apply to the biggest artists like U2, Metallica and The Rolling Stones. Smaller bands still don’t get paid well and have to fight to make decent revenue from touring. "The rising ticket prices started half way the nineties in the USA... CD prices were dropping, financial pressure grew and bands had to find another way to earn money. This trend got only stronger and stronger because of the digitalization of the music industry. And since people can buy their tickets online, it got so much easier for people to procure them. Also big tours are easier to organize and concert agents like Live Nation can operate world wide – but yet... still ticket prices are rising," stated Frith. "The 'group experience' concerts have is very important. Concerts are local, but sharing the U2 concert in Munich on blogs, which are global, makes it a worldwide happening. Fans are already sharing videos they made on blogs and social platforms, so the group experience is now huge when it comes to concerts and can get even bigger," he added. Yesterday at EU Ticket News, we wrote about YouTube’s plans for adding a live concert channel to their website and fans will pay per concert... and this is a new channel for record companies and bands earning money. Related Articles: Online ticket retailer Seatwave beats postal strike through HMV partnership Seatwave and UK music retailer, HMV, have joined up with Seatwave in launching an in-store music ticket box office. The partnership will allow customers to buy and sell tickets in HMV right up to the day of the event. Seatwave will also launch an online ticket exchange for HMV.
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Fans want the music for free, but are willing to pay any price for concerts? The German website addressed this issue and more when