ZZ TOP Among Artists To Lower Ticket Prices After "Cruel Summer Of 2010"
December 27, 2010, 14 years ago
According to FoxNews.com, concertgoers sick of ballooning ticket prices should have some extra pocket change to rattle with their rock 'n' roll in the new year.
2010 was tough for the concert business as high prices kept many fans at home. Promoters now say they plan to make shows more affordable in 2011. But they'll also try to sell more T-shirts and other merchandise to make up for lost revenue.
Heading into last summer, usually the busiest time of the year, prices were set too high despite the sluggish economy. Managers and promoters believed fans would keep paying for the one or two concerts they see on average each year.
Instead, many stayed home and dozens of shows were canceled. Lots of venues filled seats with fire-sale prices.
Now, rather than charge lots early and offer discounts later, some promoters say they'll offer cheaper tickets from the start, partly because they know fans will spend as much as usual on beer and swag when they arrive.
ZZ TOP, for one, expects to set prices below the 2010 average of $55. Some tickets will go for as little as $10.
"It's time to give the value back," said Carl Stubner, manager of the long-bearded rock band from Texas. "We'll find other ways to make money."Read more here.
