Thursday, 20 February 2014
Electronic Music and Revenue
Concerts for all types of music happen everyday in Toronto. These concerts provide jobs for the people who work at the venue, promotion companies, artists, etc. Since electronic music is so big right now, concerts are able to bring in millions of dollars of revenue on the weekend through ticket, alcohol, and water sales. For example, in one night you need to buy your ticket or pay the cover depending on the night. This would usually cost between $15 to $40. Then you decided to have a few drinks which could cost anywhere from $15 to $30, and you may need to hydrate during the night which a water bottle would cost anywhere from $5 to $10. Most people do not drive to concerts so they would need to cab home, which could cost you $80 (although you usually share this cost with friends). In total each person could spend an average of $100. When there are 5000 people attending a concert, the club averages over $50000 per night, but at a festival where there are 50000 people attending, and the tickets costs $200 each, and people are buying hotel rooms for the nights, the revenue skyrocket.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment