According to Live Nation‘s Q2 2009 Earnings Call for investors, the concert industry seems to be doing pretty well despite the fact that it’s down a little:
Overall, for the quarter our revenue per fan was $78.16 compared to $81.82 in the second quarter of last year. The drop of 4.5 is all because of declines in our revenue due to currency changes. On a constant currency basis our 2009 revenue per fan would have been $84.24, an increase of 3%.
I’m not exactly sure how that “revenue per fan” calculation is derived, but it sounds to me like people are paying an average of about $80 per ticket for Live Nation concerts these days. I tend to avoid big shows like that, but damn, does that sound right? Is that what you people are paying? Or is this just the U2, Madonna, Jay-Z and Nickelback crowd?
And what do you suppose is going to happen to that “revenue per fan” line item once Live nation inevitably merges with Ticketmaster?
Previously: Ticketmaster/Live Nation vs. Senate Judiciary Committee; Senate Urges Review of Ticketmaster-Live Nation Merger. And, coincidentally, on this same day in 2001 we were discussing which bands we’d “be willing to pay $30 to see” (Fuck Ticketmaster, 2001).