Concert ticket prices rising due to demand for bigger spectacles, inflation, and online fees.

From Sky News.: 2024-06-01 22:40:01

Concert ticket prices are skyrocketing, with fans paying hundreds for top artists like Taylor Swift and Billie Eilish. Rising prices are driven by demand for bigger spectacles and inflation increasing venue and production costs. Artists like Taylor Swift can earn millions per tour, but high ticket prices have drawn criticism. Some are capping prices or creating more affordable events in response. Online ticket fees, including dynamic pricing, are an added burden for fans. Live Nation and Ticketmaster are facing a US government lawsuit over allegations of monopolizing the live events industry.



Read more at Sky News.: Money blog: Why are concert tickets so expensive? Here’s who is really responsible | UK News