Music Business

"Ticket prices are just astronomical right now," said David "5-1" Norman, an industry veteran who has toured with Prince, Green Day, and Alicia Keys.

Why?

Artists have lost their main revenue stream.

https://digg.com/insider/link/jennifer-lopez-cancels-tour-slow-ticket-sales-concerts

(1/5)

Live industry veteran in Asia.
Founder; bringing live entertainment on-chain with all-access.io 
 

Music and album sales,

Platforms like Spotify and Apple Music don't paint the full picture. No one knows what a certain amount of streams equates to.

It's not an accurate depiction of what an artist is actually making.

(2/5)

Promoters are taking on even more financial risk to front these artist requests and simply to break even they have to charge the fans extortionate amounts of money.

I mean the average ticket price for a Taylor Swift concert is over $1000.

(4/5)

It becomes a financial planning decision to watch your favorite artist live.

The current model is broken.

How can we change this?

By ensuring that everyone wins. That's what we're doing at @allaccessio !

(5/5)

So where has the artist turned to to make up for this loss in revenue?  

Live Events.

They have lifestyles to upkeep, and albums to produce and so they've got to make it back somehow.

But who bears the cost?

The event promoters and the fans do.

(3/5)