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Taylor Mims

๐Ÿ‘ค Speaker
67 total appearances

Appearances Over Time

Podcast Appearances

Today, Explained
A concert? In this economy?

So they're the ones that are going to set the ticket price.

Today, Explained
A concert? In this economy?

To be honest, one of the big things that happened over the course of the pandemic is that we lost a lot of good staff, a lot of good crew, because they couldn't make money when concerts were shut down.

Today, Explained
A concert? In this economy?

And the price of everything has gone up.

Today, Explained
A concert? In this economy?

So the price of touring, so that could be crew, that could be the price of supplies.

Today, Explained
A concert? In this economy?

Literally everything, travel, has gone up.

Today, Explained
A concert? In this economy?

And so that makes the price of the ticket go up as well, because these artists have to recoup costs at some point.

Today, Explained
A concert? In this economy?

And when you're telling a fan it's going to cost you this much to get into the door, they expect a show.

Today, Explained
A concert? In this economy?

So on top of that, that means more rehearsal time.

Today, Explained
A concert? In this economy?

That costs a lot of money.

Today, Explained
A concert? In this economy?

It costs a lot of money for these giant productions.

Today, Explained
A concert? In this economy?

I mean, loading in and out of a stadium show is incredibly expensive.

Today, Explained
A concert? In this economy?

And so is hauling all that stuff across country, across oceans, etc.

Today, Explained
A concert? In this economy?

So there's a lot of costs that have made it more expensive just to be a touring artist.

Today, Explained
A concert? In this economy?

Yes, but also it's not necessarily that they're prioritizing the bottom line over the fan.

Today, Explained
A concert? In this economy?

It's that they know the fan's going to pay that price either way, so that money might as well go to them, right?

Today, Explained
A concert? In this economy?

So if you're selling a ticket for $200, but you know it's going to go for $1,000 on a secondary market, if you raise that ticket price to $500, it's a lot less profitable for the ticket reseller, and that fan was going to pay that price anyway, if not more.

Today, Explained
A concert? In this economy?

Yeah, that's because these resale markets are entirely legal.

Today, Explained
A concert? In this economy?

Nobody's doing anything illegal, so what are you going to do?

Today, Explained
A concert? In this economy?

They're allowed to do this.

Today, Explained
A concert? In this economy?

But the more people who make their complaints heard, I think the better it is because people understand that that part's out of their control.