00:00What is Blue Dot Fever? Artists are cancelling concert tours because of unsold tickets.
00:05People are calling it Blue Dot Fever, a reference to the blue dots that mark
00:09available seats in a venue's seating chart. The Times said that there are signs that consumer
00:14tolerance for high prices is breaking and a correction is taking place. The average
00:18ticket price has increased from £71 in 2019 to a peak of £100 in 2024.
00:25Just after the pandemic, there was such pent-up demand that it was really easy to tour and
00:30everybody was making a lot of money, according to JR Linde. Now there's a little bit of coming back to
00:36earth. Rolling Stone is blaming three factors for the sky-high ticket prices. Supply and demand,
00:42as reflected in the controversial practice of dynamic pricing, as well as rampant scalping,
00:47and one dominant company, Live Nation, controlling every source of revenue, including beer, food,
00:53parking, and ticket master service fees. Many artists are also finding that their cultural
00:59capital is dwindling. Nathan Green, the CEO of New Level Radio, told Newsweek that some artists are
01:05getting booked into rooms too big for where they sit today. Older artists banking on nostalgia are
01:10struggling the most. Both the Pussycat Dolls and Zayn, formerly a member of One Direction,
01:15recently cancelled their U.S. tours.
Comments