this post was submitted on 07 Sep 2024
590 points (98.8% liked)
Videos
14114 readers
1 users here now
For sharing interesting videos from around the Web!
Rules
- Videos only
- Follow the global Mastodon.World rules and the Lemmy.World TOS while posting and commenting.
- Link directly to the video source and not for example an embedded video in an article.
- Don't be a jerk
- No advertising
- Avoid clickbait titles. (Tip: Use dearrow)
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
From what I understand though, this is actually more about people not purchasing albums anymore, so now artists have to basically make the bulk of their money from concerts.
Ticketmaster doesn’t force dynamic pricing for instance; that’s a choice the artist has made in order to maximise their profit from the ticket sales.
I don’t know if the tickets need to be quite as expensive as they are, for artists to make a profit - likely not. But they certainly are making a lot less money from the likes of Spotify than they used to make from albums sales, so it has to be a big part of the problem.
People like Oasis take the piss to be honest, because I doubt they’ve actually run out of money (according to this YouTube channel that was talking about them, they seem to think the brothers both still have plenty of 90s money, I dunno how you check this stuff… but yeah. Makes sense that they shouldn’t have spent it all unless they were really fucking stupid with their investments or lack thereof). So they really don’t need to be making this much money from the ticket sales, but for newer bands the Spotify thing should apply.
I thought that most artists never made much from record sales, it was always live performances. The label gets record sales.
AFAIK merch is often bigger than concerts for the non big names. Local bars etc