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☆ Elon Musk says Taylor Swift's 'The Tortured Poets Department' is 'very impressive'
▼ + stars: | 2024-04-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Taylor Swift is topping the charts with "The Tortured Poets Department." AdvertisementTaylor Swift has been turning heads with the chart-topping success of her latest album, "The Tortured Poets Department" — and she can count Elon Musk as a fan of the new tracks. Musk said of Swift's album in an X post on Monday. — Elon Musk (@elonmusk) April 29, 2024This post isn't the first time Musk has weighed in on Swift's success. I speak from experience lol," Musk told Swift in an X post.

Persons: Taylor Swift, Elon Musk, —, Swift, Swift didn't, Elon, Musk Organizations: Poets Department, Service, Department, Billboard, BI Locations: Paris

☆ No matter how well Taylor Swift's 'The Tortured Poets Department' does, it won't be how she makes most of her money this year
▼ + stars: | 2024-04-19 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Taylor Swift's new album "The Tortured Poets Department" is almost guaranteed to be a bestseller. But no matter how well it does, it won't be the way Swift earns most of her money this year. In fact, the remaining leg of her Eras tour will add much more to Swift's billion-dollar fortune. Swift's Eras Tour brought in more than $1 billion in ticket sales last year over its 66 dates. Swift's cut is unknown, but based on industry standards, she will surely earn nine figures in 2024 from ticket sales.

Persons: Taylor, Swift, —, Taylor Swift, Clayton Durant, Tatiana Cirisano, Durant, Cirisano, Luminate Organizations: Department, Service, Spotify, Bloomberg, Management, NYU Steinhardt's Music Business, Billboard, Napster, Apple Locations: Paris

☆ A look at Taylor Swift’s economic power ahead of ‘The Tortured Poets Department’ release
▼ + stars: | 2024-04-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +11 min

The commercially successful ‘Eras’ tourThe Eras tour was massively successful in 2023 and it’ll stretch through the end of this year. John Shearer/TAS23/Getty Images Swift performs in Glendale, Arizona, during the opening weekend of "The Eras Tour" in March 2023. John Shearer/TAS23/Getty Images Swift performs during the "Evermore" section of the show in Sydney in February 2024. John Shearer/TAS23/Getty Images Fans apply jewels on their way to Swift's show in Foxborough, Massachusetts, in May 2023. John Shearer/TAS23/Getty Images In pictures: Taylor Swift's 'Eras Tour' Prev NextShe is a generous boss, too, awarding $100,000 bonuses to Eras Tour truck drivers during the summer.

Persons: Washington CNN — Taylor Swift, Swift, It’ll, ” Armen Shaomian, StubHub, “, “ Taylor Swift, hasn’t, SeatGeek, Taylor Swift, Kevin Mazur, Natasha, Ethan Miller, John Shearer, Kevin Winter, Benjamin B, Braun, Jutharat, Phoebe Bridgers, Bridgers, Raymond James, Zack Wittman, Hector Vivas, Don Arnold, TAS24, Rachel Wisniewski, Terence Rushin, Haim, Jeff Kravitz, Erin Clark, Sarah Yenesel, Sabrina Carpenter, Bob Levey, TAS23, Christopher Polk, Allen J, Taylor, ”, that’s, That’s, doesn’t, Barack Obama, Angela Merkel, Pope Francis, ” Swift Organizations: Washington CNN, Poets Department, Fortune, University of South, CNN, Swift City, Pittsburgh, MetLife Stadium, New York Times, Lincoln Financial, Washington Post, Ticketmaster, Boston Globe, Penske Media, Los Angeles Times, Federal Reserve, ” AMC Locations: University of South Carolina, North America, East Rutherford , New Jersey, Chicago, Las Vegas, Nashville , Tennessee, Glendale , Arizona, Glendale, Swift, Los Angeles, Pittsburgh, East Rutherford, Nashville, Tampa , Florida, Mexico City, Kansas City , Missouri, Sydney, Philadelphia, Atlanta, Santa Clara , California, Foxborough , Massachusetts, Coney, Houston, Inglewood , California, Cincinnati, United States, Canada, AMC’s

☆ WSJ: Justice Department will sue Live Nation for antitrust violations
▼ + stars: | 2024-04-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The US Department of Justice is preparing to sue the country’s largest concert promoter and ticketing website Live Nation in the coming weeks for breaking America’s antitrust laws, the Wall Street Journal reported, citing anonymous sources familiar with the Justice Department’s plans. The lawsuit against Live Nation Entertainment, the parent company of Ticketmaster, will allege the ticketing company used its market-leading position to harm competition for live events, the Journal reported. Shares of Live Nation (LYV) dropped nearly 7% in premarket trading Tuesday. Live Nation and the Justice Department didn’t respond to CNN’s request for comment about the Journal’s report. Live Nation and Ticketmaster merged in 2010, now billing itself as the “largest live entertainment company in the world.”

Persons: Department’s, Justice Department didn’t, Taylor Swift’s, Swift, Joe Berchtold, ”, Jack Groetzinger, SeatGeek Organizations: New, New York CNN, US Department of Justice, Wall Street Journal, Live Nation Entertainment, Ticketmaster, Justice Department, Live, Republicans, Rivals Locations: New York, United States

☆ The potential $2 billion sale of Selena Gomez's Rare Beauty could make her the next celebrity billionaire
▼ + stars: | 2024-03-20 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

Here's how Rare Beauty outdid other celebrity brands — and how it could make Gomez a billionaire. AdvertisementThere are currently at least 40 celebrity beauty brands on the market — all experiencing varying degrees of success. AdvertisementNow, Selena Gomez may be poised to join their ranks and become the next celebrity beauty billionaire. Rare Beauty is exclusively sold at Sephora — meaning a potential buyer would see plenty of room for growth. It's among the most-followed celebrity beauty brands on both Instagram and TikTok, with 7.1 million and 3.6 million followers, respectively.

Persons: Selena Gomez, Gomez, —, Hailey Beiber's Rhode, Addison, Brad Pitt's Le Domaine, Rihanna, Kim Kardashian, Kim, Anncy Rowe, Jeffrey Ten, Scott Friedman, Nikki Eslami, Pascal Le Segretain, it's, Friedman, Mehdi Mehdi, Joyce Kim, Estée Lauder, Elizabeth Taylor's, Rowe, she's, Alex Rawitz Organizations: Service, Coty, Bloomberg, Fashion, Business, Fast Company, Brand, New Theory Ventures, Nyx, L'Oréal Locations: SKKN, L'Oréal, Sephora

☆ Hardcore Swiftie? A London museum will pay for your expertise.
▼ + stars: | 2024-02-23 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Read previewA museum in London is recruiting Taylor Swift superfans to become paid official advisors on the pop star. The V&A Museum will pay a set rate per session to hardcore Swifties who can provide their expertise on Swift's fan culture and memorabilia. According to the V&A's job description, successful candidates will collaborate with its curatorial experts and will get to go behind the scenes at the museum to review relevant items from its existing collection. Information gathered from their sessions may be used to develop future programming at the museum, the job description said. The superfan roles will help position the museum as "cultural trendspotters on what to collect next," the job description said.

Persons: —, Taylor Swift, Swift, it's, It's, Toby, Tristram Hunt Organizations: Service, BBC News, Business, BBC, Swift, USA Locations: London

☆ Taylor Swift's 'poor quality' merch and shipping delays has some fans calling for a boycott
▼ + stars: | 2024-02-22 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Read previewTaylor Swift fans are a dedicated group, but complaints about the pop star's merch have some calling for a boycott in recent months. However, some fans on social media are calling out what they described as the poor quality of her merch and delayed shipping times. Instead of blaming Swift for the merch, many fans are looking at her record label Universal Music Group for the delays and poor quality. Another Redditor posted expectation vs. reality photos of a $40 "1989" tote bag ordered online. Others online called out the "poor quality" of the tote bag and said that it's nothing new for Swift's merch site.

Persons: —, Taylor Swift, Swifties, Pollstar, Swift, Redditor, subreddit, hadn't, Swift's, I'm, taylors, TeJDBDyfBj — Riley 🤍🖤 Organizations: Service, Business, Universal Music Group, tote

☆ China, debt and Disney: Three economic themes that will dominate the Republican primaries
▼ + stars: | 2024-01-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Republican presidential candidates Nikki Haley and Ron DeSantis sparred on a wide range of economic issues during the CNN GOP presidential debate on Wednesday evening. But as Haley and DeSantis duked it out to crown themselves the most fiscally prudent candidate, some clear economic themes began to emerge that will likely have a big influence on the upcoming Republican primaries and beyond: China, debt levels and the government’s role in business. ChinaBoth Haley and DeSantis sought to prove how tough they could be on China. But as my colleague Elisabeth Buchwald points out, the US and China are the first- and second-largest economies in the world. President Joe Biden has also made reducing economic dependence on China a platform in both his 2020 and 2024 campaigns.

Persons: Nikki Haley, Ron DeSantis sparred, Nancy Pelosi’s, ”, “, Ron, you’re, Haley, Haley, DeSantis, Donald Trump, Elisabeth Buchwald, Joe Biden, DeSantis didn’t, Trump, wouldn’t, ” DeSantis, Gary Gensler, “ I’m, ” Sen, Sherrod Brown, Brown, Nick Smart, It’s Taylor, Taylor, Swift, Ramishah Maruf, “ Taylor Swift, Pollstar Organizations: CNN Business, Bell, New York CNN, Republican, CNN, Social Security, Walt Disney Company, FBI, SEC, Securities, Exchange, SEC’s, ”, Banking Committee, Spotify, AMC, Bloomberg Locations: New York, China, Iowa, Beijing, United States, South Carolina, Florida, DeSantis

☆ One in 78 audio streams was a Taylor Swift song in 2023, data shows
▼ + stars: | 2024-01-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Taylor Swift practically owned 2023. One in every 78 US audio streams was a Taylor Swift song in 2023, according to Luminate. The data company reported 1.2 trillion on-demand US audio streams in 2023, up 12.7% from the year prior. In 2023, Swift released two re-recorded albums: “1989 (Taylor’s Version)” and “Speak Now (Taylor’s Version).” The deluxe “Midnights (The Til Dawn Edition)” album came out in 2023, following the album’s original release the year prior. “Taylor Swift: The Eras Tour” had the highest-grossing concert film domestically for an opening weekend, according to AMC.

Persons: New York CNN — Taylor Swift, Taylor, Swift, ”, “ Taylor Swift, Pollstar, – CNN’s Krystal Hur, Bryan Mena, Danielle Wiener, Bronner Organizations: New, New York CNN, Spotify, Bloomberg, AMC, Office Mojo Locations: New York, Luminate

However, you may still owe taxes if you made a profit on resold Taylor Swift tickets, experts say. While third-party payment apps won't report as many business transactions to the agency this year, you are still required to pay taxes on profits, including resold concert tickets. "The big thing this past year was selling Taylor Swift concert tickets," said certified financial planner Tommy Lucas, an enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida. 'If you want to follow the law ... report it'Ticket profits have always been taxable, and this may affect those who resold Taylor Swift concert tickets this summer. Keep copies of your purchase receipts for goods you later resell, such as those Taylor Swift tickets, since tax liability will be based on your sales proceeds minus the original purchase price.

Persons: Taylor Swift, Buda Mendes, tas23, Tommy Lucas, Moisand Fitzgerald Tamayo, Swift, Taylor, Lucas, James Guarino, Baker Newman Noyes, it's, Albert Campo Organizations: Getty, IRS, PayPal, TicketMaster, Accounting Services, CNBC Locations: Orlando , Florida, Boston, New Jersey

☆ There's one thing Taylor Swift isn't talking about
▼ + stars: | 2023-11-01 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Taylor Swift is officially a billionaire, thanks in part to her lucrative Eras tour. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. There's one thing she's not showing off — or at least not directly: How much money all this is making her. Swift has been through many eras, but her reputation has always been one of relatability. Through her tour, Swift has earned hundreds of millions of dollars on a show for which tickets at face value cost an average $254 in the US — more than double the average concert ticket price of $120, according to Pollstar .

Persons: Taylor Swift, Swift hasn't, —, Taylor Swift's, she's, Travis Kelce, Swift, Jay, Kylie Jenner, — Swift hasn't, Pollstar, hasn't, Adam Aron Organizations: Service, Bloomberg, Forbes, Big

The unparalleled enthusiasm helped propel “Taylor Swift: The Eras Tour” to a massive, first place debut between $95 million and $97 million in North America, AMC Theatres said Sunday. The two superstars posed together at the premiere of “The Eras Tour” earlier this week in Los Angeles. Political Cartoons View All 1211 Images“The Eras Tour,” directed by Sam Wrench, is not just playing on AMC screens either. Elizabeth Frank, the executive vice president of worldwide programming and chief content officer for AMC Theatres, said in a statement that they are grateful to Taylor Swift. The concert film offered fans both better seats and a much more affordable way to see the show for the first or fifth time.

Persons: Swifties, “ Taylor Swift, It’s, Justin Bieber, showtimes, “, Swift, Beyoncé, ”, Sam Wrench, Elizabeth Frank, Taylor Swift, ” Frank, ‘ Taylor Swift Organizations: AMC Theatres, Star Wars, Southern, Hollywood, AMC, Trafalgar Locations: North America, United States, Los Angeles, Leawood , Kansas, U.S

But “The Eras Tour” heralds something new and potentially game-changing in the movie industry. BTS earlier this year released a concert film, with higher ticket prices and limited showtimes. But “The Eras Tour” could be the start of an expansion of what, exactly, a movie theater can be. The movie, directed by Sam Wrench, would be a way for millions more to experience the Eras Tour. “The industry needs it and, frankly, so do consumers.”Meanwhile, “Taylor Swift: The Eras Tour” is poised to become the biggest concert film ever in about two days of release.

Persons: — Greg Marcus, they’ve, “ Taylor Swift, ”, Marcus, “, — Swift, Beyoncé, that’s, Swift, Sam Wrench, It's, Scott Swift, Travis Kelce, Adam Aron, Paul Dergarabedian, ” Dergarabedian, Makan Delrahim, Delrahim, ” Delrahim, Justin Bieber, Marcus ’, “ I’m, Jake Coyle Organizations: Marcus, Southern, Advance, AMC Theaters, Hollywood, Netflix, Metropolitan Opera, AMC, Kansas City Chiefs, NFL, Swift, American, Paramount, Department of Justice, “, Justice Department, Woodstock, Twitter Locations: Milwaukee , Wisconsin, Los Angeles, ”

☆ The average price of a resale ticket for the Eras Tour was $3,801. That's up 2,321% from Taylor Swift's last tour.
▼ + stars: | 2023-08-12 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

The average resale ticket price for Taylor Swift's Eras Tour has gone up 2,321% since her last tour. A ticket for the North American leg of the tour cost an average of $3,801 on the secondary market. The average secondary market price of a ticket to the North American leg of Taylor Swift's Eras Tour was $3,801 as of July 10, Pitchfork reported, using data from ticket analytics firm TicketIQ. That's a 2,321% increase from her 2018 Reputation Stadium Tour, for which the average resale price in North America was $157. A fan in California purchased a ticket for $1,400 on the secondary market, only for the ticket to not exist.

Persons: Taylor, Taylor Swift, It's, Swift, Harry Styles, Swifties, StubHub Organizations: Pitchfork, North, Service, Ticketmaster, White, Live Locations: Wall, Silicon, That's, North America, California

☆ Taylor Swift is doing 6 shows in LA for her Eras tour. Mini-residencies could be her smartest business decision yet.
▼ + stars: | 2023-08-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Taylor Swift's Eras Tour is set to break records, with some estimating it could gross $1.4 billion. Swift is set to take home hundreds of millions of dollars — and "mini-residencies" will help. There's no arguing that, when it comes to her Eras tour, Taylor Swift is polishing up real nice. This will likely be an immensely profitable tour for Swift no matter what, but thanks to one key business move, she's set to make even more. "The totality of Taylor Swifts' U.S. tour could generate $4.6 billion in total consumer spending, larger than the GDP of 35 countries," the Common Sense Institute estimated.

Persons: Taylor, Swift, She's, Taylor Swift, she's, Nathan Hubbard, Harry Styles, Hubbard, That's, wouldn't Organizations: Swift, Ticketmaster, Firebird, Kia Forum, Las, Federal Reserve, Pitchfork, Taylor Swifts Locations: Los Angeles, Toronto, San Diego, Ottawa, New, Covid, Las Vegas, Louis, Phoenix, Nashville, Chicago, Kansas City , Missouri, Philadelphia, U.S

☆ Taylor Swift shelled out $100,000 bonuses to truckers on her Eras tour, reports say
▼ + stars: | 2023-08-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Taylor Swift handed out $100,000 bonuses to truckers on her tour, according to multiple reports. The singer shelled out over $55 million in bonuses to staff on the tour, People reported. The Eras tour is set to become the highest-grossing tour of all time, according to Pollstar data. Taylor Swift dished out "end of tour" bonuses to staff on her Eras tour, including about 50 truck drivers, according to multiple reports. In total, the singer handed out over $55 million in bonuses to her staff, including dancers, sound technicians, and caterers, People reported.

Persons: Taylor Swift, TMZ, Swift, Scott Swift, Taylor, Mike Scherkenbach, Insider's Juliana Kaplan, Gal, Simu Liu, Mark Zuckerberg Organizations: SoFi, Entertainment, Federal Reserve Locations: Los Angeles, South America, Asia, Europe

☆ Why Are Dave Matthews Band Fans So Loyal?
▼ + stars: | 2023-07-29 | by ( Perri Ormont Blumberg | ) www.nytimes.com time to read: +1 min

On an afternoon in June while wildfire smoke enveloped Manhattan, people lined up outside Irving Plaza — some before dawn, some sporting face masks, some fresh off red-eye flights — to see Dave Matthews. That night, the 56-year-old balladeer was playing a rare solo gig celebrating his namesake band’s new album, “Walk Around the Moon.”Josh Roberts, 42, a special-education teacher in Las Vegas, who has seen the Dave Matthews Band, or DMB, 523 times, stood in that line. Mr. Roberts estimates that he has spent $100,000 on tickets and travel since discovering the band as a struggling high school junior in 1995. “This band has songs about love, depression, sex, things that you connect to,” he said. Mr. Matthews is the first to admit he doesn’t always get it right.

Persons: —, Dave Matthews, balladeer, ” Josh Roberts, Roberts, ”, Matthews, doesn’t, “, ’ ”, DMB Organizations: Irving, ChatGPT Locations: Manhattan, Las Vegas, TriBeCa, Charlottesville, Va, DMB

☆ Mick Jagger just turned 80 — here's how the Rolling Stones became the world's biggest live act
▼ + stars: | 2023-07-28 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Rolling Stones frontman Mick Jagger celebrated his 80th birthday on July 26. Morning Brew Insider recommends waking up with, a daily newsletter. The Rolling Stones were formed in 1962 and are still one of the world's most famous and adored rock bands. Correction: July 18, 2023 — An earlier version of this story imprecisely described the origins of the Rolling Stones. The initial lineup included Jagger, Keith Richards, Brian Jones, Dick Taylor, Tony Chapman, and Ian Stewart, not just Jagger and Richards.

Persons: Mick Jagger, Mick Jagger's, Jagger, Keith Richards, Brian Jones, Dick Taylor, Tony Chapman, Ian Stewart, Richards Organizations: Billboard, Morning, RIAA

☆ Mick Jagger is turning 80 – here's how the Rolling Stones became the world's biggest live act
▼ + stars: | 2023-07-16 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Rolling Stones frontman Mick Jagger turns 80 on July 26. The Stones are the highest-grossing live act since 1980, per Pollstar, taking $2.1 billion. Morning Brew Insider recommends waking up with, a daily newsletter. The Rolling Stones were formed in 1962 and are still one of the world's most famous and adored rock bands. As Jagger celebrates his 80th birthday, we take a look at how the Stones became a musical – and commercial – juggernaut.

Persons: Mick Jagger, Mick Jagger's, Jagger Organizations: Billboard, Morning, RIAA

☆ Taylor Swift's Eras Tour is set to earn a record-breaking $1 billion in sales—here are the 10 highest-grossing tours
▼ + stars: | 2023-07-04 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Exactly how much Swift's tour has earned is unclear, as it hasn't been reporting nightly grosses to Billboard Boxscore, which tracks concert tour data. Last December, Billboard estimated that Swift's tour would gross $590 million based on 52 tour dates. This suggests that over $1 billion in total gross revenue is likely. With the added dates, another estimate has Swift taking in a total of $1.4 billion in gross revenue, according to concert data tracker Pollstar. Based on the survey's findings, total spending on Taylor Swift's tour in 2023 is expected to be around $5 billion.

Persons: Taylor Swift, Elton John's, Elton John —, Ed Sheeran, Roger Waters, Harry Styles —, Taylor, Warren Buffett Organizations: Wall Street, Billboard, Coldplay, Ticketmaster Locations: America, Asia, Australia, Europe

☆ Yes, concert tickets really are getting more expensive – and Taylor Swift might be to blame
▼ + stars: | 2023-07-02 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Tickets for Taylor Swift shows have more than doubled since 2018, per a Bloomberg analysis. The pop superstar is making more than $13 million from each date on her "Eras" tour, per Pollstar. Taylor Swift's Eras tour is on track to set a new record – but it's also a reminder of just how expensive it can be to see a concert by the world's biggest acts. Data from Pollstar, a music industry trade publication, shows Swift has already generated more than $300 million from the first 22 dates of her highly anticipated Eras tour. Jason Kempin/Getty ImagesStill, the average cost doesn't reflect the huge prices being charged on the resale market.

Persons: Taylor Swift, Taylor, it's, Swift, It's, Elton John's, Jason Kempin, Paige, Scott, Merrill Lynch, Boaz Weinstein Organizations: Bloomberg, Wall Street, Billboard, she's Locations: London, That's

The cost of certain goods is retreating in some places, but that doesn't include live music. Concert tickets have surged in price, to the point where economists are noticing. While ticket prices have increased, he said, mid-year figures haven't shown an appreciable rise since May 2022, when U.S. inflation was 8.6%. In India, fans are happy to pay a premium for quality entertainment, according to Owen Roncon, chief of business for Live Entertainment at BookMyShow. In Britain, about 150,000 music fans paid 340 pounds ($431)for a ticket to June's Glastonbury festival to see Elton John and hundreds of other acts.

Persons: Taylor Swift, Bruce Springsteen, haven't, Mario Ihieme, Paul Donovan, Harry Styles, Joel Barrios, Carolina Candelas, Andy Gensler, Pollstar, TD Cowen, Stephen Glagola, Elton John, Jason Cairnduff, Bruno Mars, Coldplay, Fairuz Zahari, Ed Sheeran, Owen Roncon, Eventbrite, Michael Rapino, Beth Cook, Dawn Chmielewski, Danielle Broadway, Sachin Ravikumar, David Milliken, Sharon Kimathi, Rozanna, Radhika Anilkumar, David Gaffen, Catherine Evans Organizations: LOS ANGELES, National Statistics, UBS Global Wealth Management, Stubhub, Ticketmaster, REUTERS, U.S . Labor Department, Backstreet, Live Entertainment, Backstreet Boys, Entertainment, Thomson Locations: Asia, U.S, GLASTONBURY, England, London, Seattle, Mexico City, Los Angeles, Europe, Barcelona, Glastonbury, Somerset, Britain, Malaysia, Australia, India, Leeds, Kuala Lumpur, Bangalore

The cost of certain goods is retreating in some places, but that doesn't include live music. Concert tickets have surged in price, to the point where economists are noticing. Event prices in UK inflation data are based on when shows take place, not when tickets are bought. While ticket prices have increased, he said, mid-year figures haven't shown an appreciable rise since May 2022, when U.S. inflation was 8.6%. The U.S. Labor Department does not specifically measure inflation for concert prices, but the inflation rate for live performing admission events is currently 2.6 percentage points more than U.S. headline inflation.

Persons: Taylor Swift, Bruce Springsteen, haven't, Mario Ihieme, Paul Donovan, Harry Styles, Joel Barrios, Carolina Candelas, Andy Gensler, Pollstar, TD Cowen, Stephen Glagola, Bruno Mars, Coldplay, Fairuz Zahari, Ed Sheeran, Owen Roncon, Eventbrite, Michael Rapino, Elton John, Beth Cook, Dawn Chmielewski, Danielle Broadway, Sachin Ravikumar, David Milliken, Sharon Kimathi, Rozanna, Radhika Anilkumar, David Gaffen, Catherine Evans Organizations: LOS ANGELES, National Statistics, UBS Global Wealth Management, Stubhub, Ticketmaster, U.S . Labor Department, Backstreet, Live Entertainment, Backstreet Boys, Entertainment, Thomson Locations: Asia, U.S, GLASTONBURY, England, London, Seattle, Mexico City, Los Angeles, Europe, Barcelona, Malaysia, Australia, India, Britain, Leeds, Glastonbury, Kuala Lumpur, Bangalore

☆ Billy Joel Will End Madison Square Garden Residency in 2024
▼ + stars: | 2023-06-01 | by ( Ben Sisario | ) www.nytimes.com time to read: +1 min

The roster of special guests has included Bruce Springsteen, Tony Bennett, Olivia Rodrigo and Joel’s daughter Alexa Ray Joel. The residency has continued on a roughly monthly schedule since its inception, aside from an 18-month break during the Covid-19 pandemic, returning in November 2021. According to the trade publication Pollstar, Joel’s residency has played to nearly 1.7 million people through its 89th performance in April, and sold $207 million in tickets. The idea for the residency came about following Celine Dion’s two record-breaking runs in Las Vegas, which started in 2003 and ultimately sold about $660 million in tickets. Last year, for example, Harry Styles played 15 dates at the Garden and, in late 2022 and 2023, another 15 at the Kia Forum in Inglewood, Calif.

Persons: ”, Bruce Springsteen, Tony Bennett, Olivia Rodrigo, Joel’s, Alexa Ray Joel, Celine Dion’s, Joel, “, ” Dennis Arfa, Harry Styles Organizations: MSG, York State, New York Times, Kia Locations: “ Allentown, “, York, Las Vegas, Vegas, ”, Inglewood , Calif

☆ Ticketmaster under fire: 6 takeaways from hearing over Taylor Swift concert fiasco
▼ + stars: | 2023-01-24 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

The venues controlled by Live Nation set fees that are “consistent with the other venues in the marketplace,” he said. Entertainment industry pushes back at Ticketmaster’s dominanceMembers of the entertainment industry and one rival spoke out against Ticketmaster’s dominance in the industry. Andrew Harnik/APClyde Lawrence, a singer-songwriter on the witness panel, explained how the company acts as a promoter, a venue and the ticketing company, which eats into performing artists’ revenues. Artists, he said, have no leverage over Live Nation. Lawmaker says Ticketmaster merger should ‘be on the table’Lawmakers repeatedly questioned the US government’s past handling of the Live Nation merger with Ticketmaster.

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