Dubai is off to a phenomenal start!
The last few months have been all about rehearsals, practice, and refining every detail. Now, being here, it feels like all the pieces have come together for SHOWTIME.
The icing on the cake is connecting with incredible people.
Sherry Orel and Kathy Sheehy, it was great seeing you both.
Here’s to an amazing few days ahead!
LaQuita Cleare and Sherry Orel both of you are inspiring! Loves loves loves hanging out with both of you! You do so much for women and our growth! Appreciate
Healthcare Maverick | Growth Strategist | Keynote Speaker | Authentic Leadership Advocate | Helping Women Break the Perfection Trap & Lead Boldly | Host of the Get Real, Get Results. Podcast
The Oasis tickets went on sale this weekend and there was a lot of disgruntled noise on social media and in the news as frustrated fans missed out after spending hours being churned about in a queue only to see tickets for their beloved band appearing on resale sights at many multiples of £'s of their face value.
While Ticketmaster's dominant position in the market gives it a certain degree of insulation, it's not entirely immune to the consequences of poor customer service. Negative publicity, social media backlash, and potential regulatory scrutiny can have a significant impact on a company's reputation and bottom line.
However, the extent to which Ticketmaster feels compelled to prioritise customer satisfaction may vary depending on the specific circumstances. If the company believes that it can maintain its market dominance without making substantial changes to its practices, it may be less likely to invest heavily in improving the customer experience.
Perhaps it's time for fans to demand more transparency and accountability from ticketing companies. The voices of the fans seem to be getting louder so by speaking out and organising, fans can exert pressure on both ticketing companies and artists to improve the ticketing experience.
“The stars have aligned. The great wait is over.”
Liam and Noel Gallagher have confirmed Oasis will reunite for a series of live shows next year.
Find out where they’re touring: https://bbc.in/4cJq9f1
Breaking Down #Beyonce: A Counterpoint on Her Festival Finances
I will always defer to Dan Runcie when it comes to music. But he's doing double-time in the media lane, and he's missing some things in saying it's not in Beyonce's financial interest to perform at festivals.
First, let's break down what he's saying about what she makes from the tour:
- Beyonce grossed $579M on tour w/ a budget of $150 million, across 56 dates
- Thus, she netted $7.6 million each performance from ticket sales
- Throw in that she monetized footage from the tour with a film that grossed $44M, and would have netted $19.4M after AMC takes 57% of U.S. and 30% of international box office
If we deduct a conservative $1m in cost on that film, Beyonce netted $447.4M, or $8M per performance from her tour.
Now, if we were to estimate what she could earn from performing at Coachella:
- Bey made $8-12M last time around for 2 performances. It's safe to say she could get $14M from #Coachella based on inflation and the rise in their VIP prices over the years. That's $14M net, assuming Coachella pays for performance costs.
- While Netflix is slashing costs, they paid $20M for Beyonce last time, and I think she could get $30M for a series documenting her two weekends. Takeaway $2M for production costs and that's $28M net.
- Beyonce should also make one of her performances a "last minute" PPV (after tickets sell out, of course). If just 10% of the 2.7M that attended her tour globally buy that, that's 270k purchases at $100, for $27M, of which Bey could net $21M.
Those main sources of revenue alone would gross $71M and net her $63M. For just two performances, that would net Beyonce $31.5M per performance.
In terms of gross, that's more than Dan's 3-night calculation of $45M that includes the film, which needed footage from nearly all 56 dates to really work.
On a per-performance basis, her $31.5M per date is 4X what she made on tour.
And if we get creative, some reports have Coachella at 500k attendees in 2023. If that's the case, I believe Beyonce has 3 things she could sell at a festival that can't be duplicated on tour.
#1. She can install a limited experience replete with fashion, paintings, listening rooms, old footage, AR/VR, etc. that could be an upsell on 20% of tickets @ $75. That would gross $7.5M.
#2. Bey could offer "creative" and "business" workshops, where people can train and get guidance from her "people", as well as meet Bey. This is more of a B2B thing; thus, she could sell this for $10k to just 1,000 (250 people per day). That would gross $10M.
#3. Imagine an outdoor Beyonce lounge, that can't be replicated in a stadium, for approximately 1k VIPs paying $500, for a gross of $500k.
I'd estimate those 3 things to cost no more than $3m, which gives her an upside of $15M net.
Altogether, Bey could gross $89M, while netting $78M, or $39M per night.
I'd say that's plenty of reason to explore giving a festival one more chance.
President I ATAFOM.university | ATAFOMALA.university | ConiaSoft.com | ConiaCloud.com I eConiaSoft.com | PTT.technology I PTH.global I Account is operated by President's Social Media Team | DM for queries
What would you prefer Abu Dhabi or Mumbai for cold play concert tickets?
Would you fly for a better deal?”
The Cost of Experiences: Is Traveling Overseas the New Affordable?
News18 Showsha visited Viagogo’s Coldplay tickets page and noticed that tickets that were originally costing Rs 4,000 are being resold for Rs 778,952 per ticket by an user
When the price of local experiences suddenly skyrockets, it makes you wonder—is it time to explore beyond home turf for the same, or even better, experience at a fraction of the cost? 🌍✈️
What would you choose: convenience or adventure? Let’s talk about how far you’d go for what you love. 🎟️
#TravelDecisions#ExperienceMatters#GlobalConcerts#PriceVsValue#EventEconomy#Coldplay2024#linkedin
The numbers of the day
The increase in shows and attendance also translated into double-digit increases in ancillary sales for arenas, amphitheaters and other venue types, according to the company. The report also highlighted the global industry expansion in its blockbuster year, with 50% more international acts in the top 50 tours, and 15% more shows on average, compared to five years ago – before the Covid pandemic brought the live-events industry to a halt.
DVM (Doctor of Veterinary Medicine)
1moYou’re so lucky you get to travel to all these amazing places-I know you’re also working but still:)