Recent comments in /f/news

CarjackerWilley t1_jcpe13l wrote

Reply to comment by Paddlesons in Robert Smith of The Cure convinces Ticketmaster to give partial refunds, lower fees by eastbayted

Typically a promoter books the venue and the band and they will take a percentage of ticket sales after the band and record label get a set amount. I think live Nation is the promoter who is part of Ticketmaster. I also think that the promoter is the one that sets the price maybe in collaboration with the artist.

So for instance, if I was the promoter of a small concert, it might look something like me saying that I'll give them $4,000 to come play and they'll get 70% of backend ticket sales. Which would mean that I as the promoter would then take 30% of whatever's left over after that stuff. I would also be the one paying for the venue and typically would be the one that's doing the advertising also.

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Cavaquillo t1_jcpc712 wrote

Reply to comment by [deleted] in Levels of carcinogenic chemical near Ohio derailment site far above safe limit by Additional-Force-795

This is what we did to Vietnam. Both sides were hit with it because they were grasping for their only means of gaining any upper hand. Stupid fucking wars.

There was more than just agent orange, too. That one was just most effective at killing the foliage, killing people and causing birth defects and cancers for generations was a feature for all of the agents produced.

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Superdickeater t1_jcpa4ff wrote

Reply to comment by moneyfish in Robert Smith of The Cure convinces Ticketmaster to give partial refunds, lower fees by eastbayted

I don’t think the artists themselves have as much control over the price of the tickets at their show as one might think.

Record companies and music venues tend to take a majority of the profits from record and ticket sales. They might seem like they have a lot of money, but imo that’s due to the pennies they get from those millions of sales eventually adding up for them over the years. Typically musicians make a majority of any profit on merchandise.

To put into perspective- Travis Barker’s net worth is approximately $40m. Jimmy Page’s net worth is approximately $180m. Gene Simmons’ net worth is approximately $400m.

And as we all know, Gene Simmons merchandised the hell out of Kiss.

That’s not to say $40m isn’t a helluva lot of money, but there’s a lot we think an artist has control over that they really don’t. They might pitch an idea, but then that has to go through a plethora of other boards of directors, financial and PR advisors, and so on and so forth.

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