Monday, 17 February 2014

Ticket Prices

Over that past few years the electronic music scene has exploded.  With this explosion ticket prices has skyrocketed.  Events that were held for $15 three years ago can cost up to $60 because the amount that the DJs are paid has substantially increased.  Even over the past year the festival prices have increased.  For example, last year's Digital Dreams tickets started out at $90 where this year the tickets started at $120.  The supply of the big name producers is considerably lower than the demand.  The increase of prices are also due to artists being able to sell out larger venues such as the Rogers Centre, which costs more to hold an event than a nightclub. As long as the scene keeps growing there is no doubt that ticket prices will continue to rise.  When the ticket prices rise more events will happen, which will mean more producers will come preform.  As long as electronic music fans have the chance to see their favourite artists they will pay almost any price to have the night of their lives.

1 comment:

  1. This post is a classic example of supply and demand. Your points are completely accurate, the price of tickets in the music scene along with other entertainment venues have had an exponential increase. I like how you have included your future predictions on the market and hopefully for our sake priced go on sale once and a while. Enjoyed the post, electronic music scene.

    ReplyDelete