Blue Dot Fever
Some commentary on the new catch phrase taking
hold in discussions on concerts and ticketing. Keep in mind most of what
the average person thinks they know about concert ticketing is total
fantasy. But a with lot of first hand experience I do not consider
myself the one spewing total drivel but also I am far outnumbered and
have found it's primarily an emotional discussion.
Blue dot
fever is the new term but those of us following concerts have often
referred to the sea of blue dots when gauging demand. I kinda like it
because I caught blue dot fever nearly 5 years ago when I not only
stopped buying tickets for resale but stopped buying advance tickets
altogether.
More people are buying more tickets at higher prices
than ever, it's just that 95% of the artists who ever existed are on
tour right now. There are going to be winners and losers. It's always
been this way, it's just we are hitting an economic slump and everyone
can see the results right in front of their face so "scheduling
conflicts" and "taking time off for my family" doesn't get accepted "at
face value" the way it used to.
I remember 1991 being a
particularly rough year for touring. Too many washed up acts thinking
they were still superstars, too many events in a recession and out the
door ticket prices somehow jumped from around $20 to 25-30 in the space
of a year as new amphitheatres were opening nationwide and had to entice
acts to play there with higher guarantees. I also remember the fake
Supremes reunion tour being the big flop of 1999. This is a story that
played out over and over again through time, we are just seeing it
happen a lot more often because there are so many more tours trying to
squeeze top dollar right out the gate.
Lady Gaga demand and
pricing was off the charts and now Olivia Rodrigo's 4 shows at Intuit
Dome has turned into 9. So the top tier is doing just fine.
What
you are seeing now is what I was seeing in resale 5 years ago. A
hollowing out of the middle class in events just like with the rest of
consumer goods and life necessities. There were so many niche
opportunities to arbitrage on pricing on smaller and lower profile
events but those dried up post lockdown with less consumer interest and
much higher initial prices that could be discounted later and platinum
pricing on the best seats.
The mid tier tours are the ones that
are going to struggle the most. Tours that would play a mix of sheds,
arenas and large auditoriums playing to 5-10k a night but still
requiring a fleet of trucks and buses. The promoter and venue often
throw out a lot of comps to maximize concessions and other incidentals
in an attempt to save the show. With an economic downtown and much
stronger competition they would sell even less with increasing
transportation costs squeezing out the profit potential. The biggest
tours can also scale to the right amount of shows in the right places
and maybe go ahead and play Des Moines or Indianapolis instead of the
5th night in Chicago.
The only one I feel even slightly affected
over was Meghan Trainor, who I never heard a song by, only because it
also heralded the return of my beloved Icona Pop opening. Of course I
didn't buy a ticket and was waiting for discounts. Maybe they do some
headline dates but I don't really think anyone remembers or cares so if
they tried it might be a similar situation on a smaller scale.
Blue
dot fever is not a resale disease. I have seen people in various
comments sections mention that. A blue dot is a ticket that hasn't even
been sold once. If resellers were speculating en masse on Pussycat Dolls
tickets we might not be having this discussion. Maybe they can take
their refunds and start buying in for Sturgill Simpson or Kid Cudi.
Resale has always served as insurance for promoters which is precisely
why it's been allowed for so long. Though that's just another aspect of
the industry where Ticketmaster / LiveNation is leaning hard on the
reset lever.
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