00:00Would you pay more than £400 for a ticket to a West End play?
00:04That's what you may end up forking out in London as prices across the theatre scene continue to rise.
00:10More than 17 million people arrive in the capital each year to celebrate one of London's most beloved cultural gemstones, theatre.
00:17But audiences are now being priced out, with the average price of a top ticket rising by 50% between 2023 and 2024 to £146.61 a seat.
00:30Are ticket prices increasing? Absolutely they are.
00:33I mean, the cost of living crisis has affected everything and it goes as far to say that ticket prices are going up and up and up,
00:40which is terrible because it is making theatre less accessible for everyone.
00:43Theatre should be enjoyed by everyone. It's for everyone to be enjoyed by everyone.
00:47And so the price increase in tickets is insane. Like you look at the cost of Panto.
00:55So what's to blame? Is it really the cost of living?
00:58Or do celebrities, star hires and dynamic pricing have a role to play?
01:02Dynamic pricing is an interesting one because it rewards people who book early, yeah,
01:06but it does feel like a bit of a gamble when you want to see a popular show.
01:10Let's call it what it is. It's profiteering. It's so cynical and inhospitable.
01:15And, you know, theatre already has a problem with being inaccessible.
01:20If audiences have to be in the know to get the best prices, it's going to turn into an epidemic and it's such a terrifying future.
01:30Recent stars on the Capitol stage have included Tom Hiddleston, Sarah Jessica Parker and Matt Smith.
01:35Even Tom Holland's show Romeo, which retailed at up to £345, sold out in two hours, despite receiving mixed reviews.
01:44I think the thing is that celebrity casting does bring audiences in and that's a good thing, right?
01:51The more people that go and watch theatre, the better.
01:54Make no mistake, this issue is not a callous cash grab.
01:57Theatres have to keep their lights on somehow.
01:59Money from your ticket goes towards the box office staff, the marketing teams, the people on stage, yes,
02:05but everybody else that surrounds it.
02:08It's keeping lots of young creative people in work.
02:13It's time for intervention, as without it, the future of London's West End hangs in the balance.
02:18The Arcola has always been a space that's about kind of democratising theatre and making sure it's available for as many people as possible.
02:24That's what they're trying to do here.
02:26People aren't buying tickets and supporting us commercially.
02:29We will eventually all be turned into Witherspoons.
02:32To me personally, I don't think there is a West End without theatre.
02:36It just, they go hand in hand, you know, it's symbiotic.
02:39You need theatre to make it the West End.
02:42It is what it is.
02:43Download this video.
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02:51I love it.
02:52Take care.
02:52Don't worry.
02:53Now, what?
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