why are taylor swift tickets so expensive

Ditch The News, Maybe Play Doom Instead, The First Rule Of Sky Club: Airport Lounges In Five Cs, You Buy From Other Consumers, Not From Producers. Subsequently, ticket prices increased drastically as well. From Taylor Swift's upcoming stadium tour to Zach Bryan's ongoing tour, we break down the real reason why concert tickets experienced a surge in prices here. If theres going to be bad blood between anyone, it should be between the fans themselves. The ticket fiasco led to a Senate judiciary subcommittee hearing in which Live Nation President Joe Berch told blamed industrial scalpers and a cyberattack for the Swift meltdown. These tactics might keep some tickets off the secondary market, but theyve turned buying concert tickets into yet another stressful consumer experience, akin to buying a plane ticket and then shelling out even more to check a bag or get a seat with some actual legroom. Swift will perform March 31, April 1 and April 2. The official Verified Fan presale for the U.S. leg of Swifts tour will take place on Nov. 15 for those selected to participate. And they're not blaming Swift for the high prices. Ticketmaster distanced itself from ticket prices in its own statement, noting that "promoters and artist representatives set pricing strategy and price range parameters on all tickets, including fixed and market-based price points. Some in my personal circlescolleagues on Slack, friends via DMs and textsseemed to be wondering: Is any stadium concert even worth all of this? Getty Images for NARAS It's a perfect storm: Taylor Swift is going on tour for the first time in five years. Taylor Swift: Midnights review poised between self-flagellation and pure bliss, The curates Easter egg: how Taylor Swift turned pop into a multiplayer puzzle, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. Due to pandemic-related cost increases and lost revenue from streaming platforms, artists are generally taking a bigger cut of tour ticket sales. A Democratic US lawmaker also criticized the company. Ticketmaster also claimed that the presale system was implemented to prevent ticket scalpers from buying too many seats at once. The obvious reason is that these artists are great, and many fans who can (even loosely) afford to see them want to. A processing fee is also usually added per order, unless tickets are purchased in person at the box office or venue. But Arlington has a city ordinance against soliciting as it pertains to ticket transactions, and a police spokesman advises buyers to purchase tickets from reputable resellers. Not too bad, depending on your budget. Recent shows have caused hotel occupancy, along with business at bars . Swifties who want to resell their Australian tour ticket will be able to do so using a platform provided by Ticketek but for no more than 110% of the purchase price. And then theres dynamic pricing. That the economics of live music are not panning out for them suggests something surprising: Live music might be undervalued, really, Spencer told me. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. "While there's a range in place, that's subject to change, especially for Platinum tickets, whichare the high-demand sections," says Jesse Lawrence, founder of TicketIQ, a no-fee secondary ticket market, and FanIQ, a platform that helps sports teams sell tickets directly to consumers. Taylor Swift fans are enraged over Ticketmaster's pricing system. Robert Smith of The Cure successfully pressured the company to refund some fees this spring, and Maggie Rogers announced that she would sell some tickets for her Summer of 23 Tour in person. @Ticketmasters excessive wait times and fees are completely unacceptable, as seen with todays @taylorswift13 tickets, David Cicilline wrote on Twitter. That can lead some to spend significantly more than they initially budgeted. Taylor Swift Cincinnati tickets ranging from $1,282 to over $82K She has promised hits from albums spanning her career on the Eras tour, which is scheduled to start in March and end in August. Why Taylor Swift, Bruce Springsteen tickets will be more expensive and Swifts fans may be more tolerant. On November 15, the pop star launched the presale for her highly anticipated The Eras Tour. We could say shake it off, but that wont be easy. Tickets to the show were difficult to get on Ticketmaster, to put it mildly. (In a paper on rockonomics, Princeton researchers found that from the late 1980s through early 2000s, concert-ticket prices outpaced inflation. Breaking +1 day ago OceanGate CEO Said In 2021, 'I've Broken Some Rules' In Building. And the fees! Why is the Taylor Swift Eras tickets so much more expensive than General sale is Nov. 18. Crucially, even if you did score a cheap ticket or just found one lying on the ground, it would still cost you $600 or $800 to go to the concert because if you use the ticket, you forsake the opportunity to sell it to someone else at a steep markup. Vivid Seats offered tickets from $429 for March 31, $450 for April 1 and $429 for April 2. postey gets the hate, what a shame 22 7 r/FallOutBoy This involves holding back 10% of show tickets, which are then sold at a higher price but undercutting scalpers, with the the extra profit going to charities and/or activist organizations. If they spent more time reading the obscure works of long-dead Austrian economists, they would understand that tickets are really expensive because there are a lot of Swifties who are willing to pay a lot of money to spend an evening with Ms. Dont try to park here, Taylor Swift, wholl soon stop in Arlington, kicks off Eras Tour with 44-song playlist, Ticketmaster tries to shake it off as Senate examines Taylor Swift sales debacle, Texas Swifties protest Ticketmaster during Senate hearing, call for end of its monopoly, Ticketmaster plans extra Taylor Swift ticket sale for fans who registered in advance, Resellers have the Taylor Swift tickets you missed. March 15, 2023 11:20am Updated Getty Images Vivid Seats is the New York Post's official ticketing partner. For the vast bulk of tickets for Sydney and Melbourne, there are seven price points, ranging from A$79.90 (for back row seats) to A$379.90 for A Reserve seats in front of the stage. Why Taylor Swift tickets are so expensive in Atlanta. Swift announced another leg of her Eras tour on Tuesday, with 38 stops in 15 countries, including the U.K., Japan, France, Sweden, Italy, Spain, Ireland, Australia, Germany, Poland, Portugal, Singapore, Austria, the Netherlands and Switzerland. Her most recent trip? Anxious fans are using sites like Reddit and TikTok to swap buying tips and reassure each other they'll get a ticket. Live Nation issued a press release following Biden's comments saying it applauded his "advocacy for fee transparency in every industry, including live event ticketing," adding that it would support an FTC mandate that would require face-value prices and fees to be shown upfront, as it is required in other parts of the world. Savings APYs are hitting record highs, but most Americans are leaving money on the table. The verified pre-sale of tickets each morning has caused high levels of stress and frustration for our constituents as they see tickets disappear from the primary marketplace website as if purchased, only to reappear at higher prices, U.S. Rep. Bill Pascrell (D-NJ) wrote in a letter to Ticketmaster earlier this year following the Springsteen fiasco, demanding the company help customers decode its opaque ticket-pricing system. Most people wanting tickets will miss out. The car ride itself will be $800, she told me. Despite the crashes, Ticketmaster claimed to have sold more than two million tickets for the tour. crivez un article et rejoignez une communaut de plus de 166 700 universitaires et chercheurs de 4 661 institutions. First, here are three more new stories from The Atlantic: For the past few months, my Instagram feed has been peppered with posts of people going to see the Taylor Swift Eras tour in various cities around the country. Live music roared back in the U.S. as the pandemic has waned, and the refrain of high demand and low inventory for tickets has become now a common theme for music fans, who have seen 2023 tour announcements in recent weeks for acts ranging from Blink-182 and Paramore to Bruce Springsteen and Chris Stapleton result in near-instant sell-outs when tickets become available. Ticket sales for west coast shows were delayed by three hours to help ease pressure on Ticketmaster. It's been four years and six albums since Swift went on tour, so fans are ready to see their favorite blondie prance around onstage. And then theres the community that fans find between each other. Millions of fans try to snap up presale tickets to singers 2023 Eras tour in the US, with Ticketmasters website facing historically unprecedented demand. Resold tickets went for many hundreds, or even thousands, of dollars. First she added eight shows. The week before your show, keep refreshing sites. Lawrence advises fans to wait for the official sale rather than buying off the secondary market now. Swift and thousands of their closest friends. Get this delivered to your inbox, and more info about our products and services. How much are Taylor Swift ticket prices now that it's begun? And being able to commune with those people, experiencing the person who brought you all together, can be powerful, as well as just fun. I get the inquisition (delivered, as it is, with a side of shade): stadiums and arenas can feel vacuous, sucking out all the effervescent energy of a live performance. We want to hear from you. Tickets for the 2024 leg of Swifts tour havent gone on sale yet, but massive price increases on the secondary market arent possible in many countries Swift is visiting because of ticketing regulations. If someone wants to go on a trip for $1,000 and gets paid $20 an hour at work, they should ask themselves if the trip is worth spending 50 hours at their job to pay for it more after you . "You're never going to have a bunch of tours on the same weekend piled on. See the besthigh-yield savings accountsandCD ratesfrom Fortune Recommends. But no tickets for the Australian concerts are being sold using dynamic pricing. While its unclear exactly how much the tickets on this upcoming international leg of the Eras tour will be, fans in some markets have reason to be hopeful. He said that the huge appetite for concerts we are seeing now may be a lagging indicator of that demand for experience.. The economics of ticket scalping, After reports that tickets offered exclusively to American Express customers were being resold for up to A$3,000, the Victorian government declared Swifts two Melbourne shows major events to trigger a law prohibiting resale at more than 110% of the purchase price. The maths are simple. Dallas high-rise Harwood District debuts two new towers north of downtown, Garland-based El Rancho Supermercado sells to a California grocery company, Humira, the worlds top-selling drug, faces an upcoming test from low cost alternatives, June is Alzheimers Awareness Month. Due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand, tomorrow's public on-sale for Taylor Swift | The Eras Tour has been cancelled. In a statement, Swift said Ticketmaster assured her the company could manage the high demand and manage the situation. Taylor Swift performs in Pittsburgh, Pennsylvania on Friday June 16, 2023. Keep in mind, however, these price ranges . November 18, 2022 HERE'S WHY Go Ahead and Blame Taylor Swift for Ticket Prices Yes, Ticketmaster takes advantage of its monopoly. Economics professor and wearer of many hats. No, no, and no. The band reckons this has reduced scalping by 85% and raised millions for charity. Except fans have the added pressure of trying to buy the same exact tickets at the same exact time as thousands of other Swifties. The singer has promised to perform hits from her entire career on her 52-date Eras tour in 2023. (Getty Images) Gabrielle Lask isn't normally a big spender, but when she had an opportunity to purchase two tickets to Taylor Swift's The Eras Tour for $4,000, the Swiftie just couldn't. boost their position in the pre-sale line, World Health Organization to declare aspartame, the sweetener in Diet Coke, a possible carcinogen, Cruise ship that lets you live onboard for 3 years for just $30,000 per year will accommodate more passengers. lire aussi : Its been hard to ignore the Ticketmaster scandal that enraptured social media this past week as Taylor Swift fans struggled to buy tickets on the site for her upcoming Eras tour. Fans further back in the online queue for popular shows, or who can't immediately decide on the seats they want, could end up paying significantly more than other buyers. 2023 Their vitriol is focused on Ticketmaster, the nation's largest ticket company. Artists build community. Then Taylor Swift announced fans would have the opportunity to attend 17 more dates on the U.S. leg of her upcoming Eras tour due to unprecedented demand, bringing the total number of performances to 52 from the initial 27. Seeing Taylor sing for more than three hours, or reaching transcendence in Beyoncs mosh pit, may just be worth it to some. The Justice Department is also reportedly investigating Ticketmaster and Live Nation in an antitrust probe launched before the Swift sale. A 2018 study publishedby the Government Accountability Office found fees average 27% of the tickets face value, though they can climb to nearly 40%. Unfortunately, the site crashed repeatedly and left her empty-handed. ", 'The Witcher' Season 3, Part 2: Every Detail We Know, The spirit of PC building will keep our gaming machines from disappearing into the cloud, "Similar to how muscle cars from the '50s haven't disappeared, the love for building your own desktop PC from the ground up will make desktop PCs prevail. (Ticketmaster blamed scalping bots for its US site crashing in November.). This past summer stadium shows from acts like Coldplay and the Red Hot Chili Peppers were some of the most in-demand, with multiple tours selling more than 500,000 tickets, pushing Live Nation to record its highest quarterly attendance ever more than 44 million fans across 11,000 events. In the US, general ticket prices for Taylor Swift's the Eras Tour started at $49 and went up to $449. Compared with most other markets, however, suppliers of concerts have less capacity to respond to demand signals. Taylor Swift is not happy with Ticketmaster. Can't Get Taylor Swift Tickets? Blame Other Fans, Not - Forbes A processing fee is also usually added per order, unless tickets are purchased in person at the box office or venue. The fee varies by event based on its agreement with each individual client (in this case, Swift). But these strategies will not help overcome the iron laws of supply and demand for Taylor Swift fans. All Rights Reserved. VIP ticket package prices ranged from $199 to $899. Fanzine Backstreets announced it would close after 43 years, citing disillusionment over the ticket prices. Some said they took a day off work and felt the process should have gone more smoothly. Taylor Swift will launch her "Eras" tour in 2023. But Arlington police advise caution, Taylor Swift calls Ticketmaster fiasco excruciating for me, Ticketmaster, SeatGeek cancel Friday sales of Taylor Swift tickets, citing massive demand, Have a Taylor Swift concert ticket? And we're seeing a relatively strong inelasticity on the demand for those best tickets," he said. And really, theres nothing like the sound of thousands of people singing your favorite song together. 5 Reasons Concert Tickets Are So Expensive | HowStuffWorks Capital One cardholders will get early access later in the day on Nov. 15. Got a confidential news tip? Even though she would have paid similarly for Swift this time around, she wasnt happy about the Chromatica cost; the ticket was at a resale price after all, and like $90 of it was a Ticketmaster service fee., Someone who did secure Swift tickets this week is Max, a die-hard Swiftie, who paid about $683 for his ticket in the lower bowl area of Santa Claras Levis Stadium. ago Th "dynamic pricing" System from ticket providers like ticketmaster is a scandal. This isnt the way things should be in some cosmic sense. Its just the way things are. Taylor Swift is heading out on her first tour in five years, as the superstar announced her The Eras Tour on Nov. 1. She has been allowing dynamic pricing since at least 2018. And some have said theyve opened Capital One credit cards in the hope of increasing their chances of getting a ticket. He added that the 2010 merger of Ticketmaster and Live Nation, which had Justice Department approval, should not have been allowed. Thats how much some resale tickets to the Eras tour were listed for on StubHub. Ticketmaster setting the Taylor Swift ticket prices. In Sydney, Australiawhere Swift has three showsresale laws state that tickets cannot be resold for more than 10% above the original cost. The economics of this scenario, however, are a bit more complicated. "Two weeks to flatten the curve" lasted for the better part of two years, and. the lowest price just to get in the door for one of Taylor Swift's three shows in Houston is $768. Watch. Swift made headlines in November, after Ticketmasters website crashed during the pre-sale ticket drop for the Eras tour. Another site had the tickets for $594. When Bruce Springsteen announced his latest tour, for example, some ticket prices surpassed $5,000 as a result of dynamic pricing. Data is a real-time snapshot *Data is delayed at least 15 minutes. She's sold out . He also had Facebook.. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. You may opt-out by. The Turner Classic Movies channel, with its ad-free screenings of old films, is a genuine pleasure. But getting fans to Swifts U.S. performances wasnt without its bumps. (Capital One cardholders will receive access to a presale next week.). Ticketmaster adds a service fee to each ticket in "almost all cases." Terms & Conditions. "Two weeks to flatten the curve" lasted for the better part of two years, and everyone is still working off a lot of cabin fever. Depending on demand, dynamic pricing controlled by an algorithm can change the cost of "Platinum" tickets from one minute to the next. 30 Jun 2023 10:07:59 The agony and ecstasy of scoring last-minute face value Taylor Swift (Photo by Kevork Djansezian/Getty Images). (Capital One cardholders will receive access to a presale next week.). General sale is Nov. 18. Prices range from $250 to over $1,000, depending on the seat and venue. Get off your high horses, music bros. And for shows like Swifts, fans still have just minutes to buy tickets before they sell out. Ticketmaster has Taylor Swift fans seeing red as Swifties get shut out of tour presale. Live Nation Entertainment CFO Joe Berchtold said that the company is seeing more fans paying money for VIP-level seats and more at the venue for alcohol, two trends he doesn't expect to end. While Ticketmaster said just 11.2% of seats were included in that program and the average ticket price sold for that tour was $262, U.S. Rep. Bill Pascrell wrote a letter to Live Nation in August calling for "much needed transparency to the sale, pricing, and distribution of live-event tickets.". "As the resale ticketing market has grown to more than a $10 billion industry over the past few years, artists and teams have lost that revenue to resellers who have no investment in the event going well or any of the people working behind the scenes to bring the event to life. Without a doubt.. 1901), Lexpertise universitaire, lexigence journalistique. But the issue extends beyond Swift. Why Are Taylor Swift Tickets So Expensive? The company, which is owned by Live Nation, has instituted a number of changes to its ticketing process over the yearsparticularly for acts with sizable interest like Swiftto help prevent scalpers and bots from buying up all of the inventory and immediately reselling the tickets at a premium. Friends and their friends, bedecked in cowboy boots, glitter, and beaded bracelets, are sharing giddy stories from stadium parking lots and nosebleed seats. This is similar to the way the cost of airline tickets or Uber rides fluctuate according to demand. Swift, for example, has said the face value for the Eras tour will run from $49 to $449 for standard tickets (VIP passes will cost $199 to $899). On the heels of a messy ticket roll out for Swift's first tour in years, fans are angry . (That category includes a range of nonphysical items that rely on labor, including hospital care and school tuition as well as event tickets.) (Asked for comment about ticket prices and their fee calculation, Ticketmaster passed along links to blog posts and other publicly available information. Catch up on the day's news you need to know. Turns out Jordan isn't the only fan who has been diligently saving money for potential concert tickets. Why Are Concert Tickets So High Right Now? Swift also recently announced stops this fall in Mexico, Argentina and Brazil. Tickets are already available on the secondary market for Swifts shows, despite the fact that they wont officially go on sale in the primary market until Nov. 15, a tactic called speculative selling. When Bruce Springsteen announced his latest tour, for example, some ticket prices surpassed $5,000 as a result of dynamic pricing. There are those who, like me, build prospective ticket prices into their budget. He also highlights the deployment of a permanent "full-fledged German brigade" in Lithuania and promotes a gradual approach, One subscription that gives you access to news from hundreds of sites, Europe's border agency seeks answers from Greece on alleged illegal deportations of migrants, An official says the European Unions border agency has asked for clarifications and information from Greeces coast guard on two alleged cases of migrants crossing by boat being illegally deported back to Turkey, Macron government shifts stance on police violence to quell unrest after death of teen, When police are placed under investigation for firing their weapons in non-compliance cases, top government officials in France tend to defend the officers. Website errors, constant browser refreshing and hours . So that just meant we have more inventory to spread into '22, '23, and we're talking '24 now. ", I've been waiting ages for this badass Darth Vader scene to get a Star Wars action figure, The best Darth Vader scene in Obi-Wan finally gets its own Star Wars action figure. Even prices of $49-$449 for normal tickets and $199-$899 for VIP packages are too low. Secondary-market resellers such as StubHub and Vivid Seats still offer a few tickets for sale for Swifts local shows. In our weird economic moment, concert tickets remain a priority for many Americanseven as prices reach astronomical heights. But Ticketmaster says it only uses dynamic pricing if the artist agrees and for good reason. But paying for this kind of ticket is never going to be a completely rational act, and thats okay! Taylor Swift Ticket Prices: Why Some Tickets are Listed at $22,000 Read news from 100s of titles, curated specifically for you. But the juggernaut of her world tour, playing more than 100 shows in 18 countries, makes adding shows more logistically complex. Even so, hundreds of thousands possibly millions of Australian Swifties will miss out, or resort to paying hundreds or thousands of dollars extra to secure a ticket. It all comes down to dynamic pricing -- here's what you need to . Going to see a musician for $25 at your local small venue is not the same. Will lower-cost Humira pharmaceutical options soon be available to patients? Its not just TaylorBeyonc and Bruce Springsteen are also among the superstars who are selling out stadiums while charging hundreds or thousands of dollars for passes to their blockbuster shows. Economists call this a secondary market, and see it as sign a product or service has been undersupplied or underpriced (or both). Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices A sporting event where you witnessed the impossible, a play that opened your mind up in new ways, a concert where you heard your favorite song? These tactics might keep some tickets off the secondary market, but they've turned buying concert tickets into yet another stressful consumer experience, akin to buying a plane ticket and then shelling out even more to check a bag or get a seat with some actual legroom. We may receive revenue from this partnership for sharing this content and/or when you make. That space where both of those things collide becomes sacred. Because the concert is taking place on New Years Day, the hotels near St. Ann were already fully booked, forcing her to find lodging further away from the venue. Taylor Swift, now Matt Rife? Comedian's fans latest caught in Millions of Taylor Swift fans swarmed Live Nation's Ticketmaster website on Tuesday to try to score seats for her first tour in five years, causing periodic outages and long online waits as. Spend time with our writers analysis of the decision: The price of attending blockbuster concerts is astronomical, but Americans are still buying tickets. LOS ANGELES, CA - FEBRUARY 15: Singer Taylor Swift performs onstage during The 58th GRAMMY Awards [+] at Staples Center on February 15, 2016 in Los Angeles, California. As fans gear up to buy tickets to Taylor Swift's Eras tour, many are worried they won't be able to afford a ticket to sing and dance along with their favorite performer. First and foremost, concertgoers need to realize that Ticketmaster is a bit of a monopoly. lire aussi : This isnt his first rodeo, eitherIve paid similar prices for Demi Lovato and Beyonc in the past. Though he paid the price, he still feels jerked around by the ticket-buying system: I hate experiencing resellers mostly because they spike the price two to three times higher than I would normally pay in the general sale. But, unfortunately thats the name of the game, and the show must go on: When I see the prices that high, it is a little jarring, but at the end of the day I know when I go see Taylor its a whole production and Ive never regretted going, so its worth it for me., Die-hard fandoms balling out on concert tickets isnt specific to millennials or Gen Z.

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