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by philistine
800 days ago
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> Then perform smaller venues and ration tickets to your most-devoted fans. Companies end up bankrupt with your line of thinking. Assuming infrastructure is sufficient for each situation to be profitable is magical thinking. |
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The point is artists want to have their cake and eat it too. Any artist performing at a stadium could make a solid profit performing at non-TM 5 to 20k-seat arena while charging a similar (or lower) price. They don't because it's more lucrative to perform at a 70,000-seat stadium.
LiveNation is a monopolist. But they also give many market participants cover to charge more without offending their fans.