Posts Tagged ‘Live Music market

26
Oct
11

Ticket Masters – Part 6: The Begin of a New Era – the Ticketmaster-Live Nation Merger

“Ticket Masters. The Rise of the Concert Industry and How the Public Got Scalped” by Dean Budnick and Josh Baron is one the first books that highlight the emergence of the modern concert industry by telling the story of the rise of its main players: Ticketmaster and Live Nation. It gives a deep insight into the processes within the network of concert promoters, ticketing firms and artist agencies and how this network has evolved over the decades.

In the last part of the summary of Budnick’s and Baron’s book the merger of Ticketmaster and Live Nation as well as the emergence of 360 deals are highlighted.

Continue reading ‘Ticket Masters – Part 6: The Begin of a New Era – the Ticketmaster-Live Nation Merger’

06
Oct
11

Ticket Masters – Part 5: SFX Entertainment and the Revolution in the Concert Promotion Business

“Ticket Masters. The Rise of the Concert Industry and How the Public Got Scalped” by Dean Budnick and Josh Baron is one the first books that highlight the emergence of the modern concert industry by telling the story of the rise of its main players: Ticketmaster and Live Nation. It gives a deep insight into the processes within the network of concert promoters, ticketing firms and artist agencies and how this network has evolved over the decades.

Until the mid-1990s the US concert promotion business was dominated by local venues and promoters. This changed dramatically when SFX Entertainment appeared on the scene. In part 5 the rise of SFX Entertainment to the main power of concert promotion and its transformation into Live Nation is summarized.

Continue reading ‘Ticket Masters – Part 5: SFX Entertainment and the Revolution in the Concert Promotion Business’

30
Sep
11

Ticket Masters – Part 4: Online Ticketing and the Secondary Market

“Ticket Masters. The Rise of the Concert Industry and How the Public Got Scalped” by Dean Budnick and Josh Baron is one the first books that highlight the emergence of the modern concert industry by telling the story of the rise of its main players: Ticketmaster and Live Nation. It gives a deep insight into the processes within the network of concert promoters, ticketing firms and artist agencies and how this network has evolved over the decades.

In the first decade of 21st century the ticketing market was fundamentally changed by the launch of online ticket platforms on the Internet. In part 4 Ticketmaster’s strategy towards online ticketing is highlighted as well as the rise of ticket scalpers to secondary market ticketing firms is outlined.

Continue reading ‘Ticket Masters – Part 4: Online Ticketing and the Secondary Market’

20
Sep
11

Ticket Masters – Part 3: The Ticketmaster’s Challenge: The Grateful Dead, Pearl Jam and String Cheese Incident

“Ticket Masters. The Rise of the Concert Industry and How the Public Got Scalped” by Dean Budnick and Josh Baron is one the first books that highlight the emergence of the modern concert industry by telling the story of the rise of its main players: Ticketmaster and Live Nation. It gives a deep insight into the processes within the network of concert promoters, ticketing firms and artist agencies and how this network has evolved over the decades.

Ticketmaster had a more or less monopolistic position in the ticketing market after the purchase of its main competitor Ticketron. In part 3 the conflicts between Ticketmaster and bands such as The Grateful Dead, Pearl Jam and String Cheese Incident over the right to sell tickets are highlighted.

Continue reading ‘Ticket Masters – Part 3: The Ticketmaster’s Challenge: The Grateful Dead, Pearl Jam and String Cheese Incident’

14
Sep
11

Ticket Masters – Part 2: The Rise of Ticketmaster

“Ticket Masters. The Rise of the Concert Industry and How the Public Got Scalped” by Dean Budnick and Josh Baron is one the first books that highlight the emergence of the modern concert industry by telling the story of the rise of its main players: Ticketmaster and Live Nation. It gives a deep insight into the processes within the network of concert promoters, ticketing firms and artist agencies and how this network has evolved over the decades.

After the main players of electronic ticketing service in the 1970s established a modern ticketing market, only Ticketmaster survived. In part 2 the “Rise of Ticketmaster” into a more or less monopolistic market position is highlighted.

Continue reading ‘Ticket Masters – Part 2: The Rise of Ticketmaster’

09
Sep
11

Ticket Masters – Part 1: The Emergence of Electronic Ticketing Services

“Ticket Masters. The Rise of the Concert Industry and How the Public Got Scalped” by Dean Budnick and Josh Baron is one of the first books that highlight the emergence of the modern concert industry by telling the story of the rise of its main players: Ticketmaster and Live Nation. It gives a deep insight into the processes within the network of concert promoters, ticketing firms and artist agencies and how this network has evolved over the decades.

In the following six blog articles I am going to summarize Budnick’s and Baron’s book on the live music business starting in part 1 with “The Emergence of Electronic Ticketing Services”.

Continue reading ‘Ticket Masters – Part 1: The Emergence of Electronic Ticketing Services’

05
Aug
11

The UK Music Business 2010 – A Summary of Will Page’s and Chris Carey’s ‘Adding up the UK Music Industry 2010′

It’s now the third time that Will Page and Chris Carey from PRS for Music added up the UK music industry. The main result is that total UK music revenues fell 4.8 percent to £3.775bn in 2010 compared to £3.964bn the previous year. This figure includes the retail value of recorded music (-7.9% to £1.237bn) as reported by the British recorded music industry body (BPI), the estimated revenue of live music (-6.8% to £1.480bn), the adjusted collections by PRS for Music (-1.3% to £0.425bn), the adjusted collections by PPL and VPL (+18.9% to £0.079bn), the estimated inter-company B2B revenues (+7.2% to £0.218bn), the publishers’ direct revenues excluding income streams from PRS for Music (+0,6% to £0.242bn) and advertising and sponsorship revenue (+4.2% to £0.094bn).

Will Page and Chris Carey, „Adding Up the UK Music Industry 2010“, Economic Insight, Issue 23, 04.08.2011

Continue reading ‘The UK Music Business 2010 – A Summary of Will Page’s and Chris Carey’s ‘Adding up the UK Music Industry 2010′’




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