• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
This is the breakdown of where money from a concert ticket goes as people claim they’re too expensive

Home> Music> News

Published 17:49 24 Sep 2024 GMT+1

This is the breakdown of where money from a concert ticket goes as people claim they’re too expensive

Many concertgoers have found themselves on the sharp end of 'dynamic pricing'

Kit Roberts

Kit Roberts

The announcement of Oasis' reunion tour has poured oil on mounting anger over the price of concert tickets.

Fans who braved the hours-long queue for tickets to the Gallagher brothers' reunion found themselves hit by 'dynamic pricing'.

For those who don't know, 'dynamic pricing' is corporate jargon for 'putting the price up because we can'.

When there is a rise in demand for tickets to a particular event, like the Oasis reunion, then the prices will go up in real time to take advantage of the surge.

It's no secret that Ticketmaster has a massive monopoly on the sale of tickets.

Advert

Many fans find themselves paying an increasing number of extra charges for their ticket.

In fact things got so bad that the US Justice Department announced in May that it would be lodging a suit to break up Live Nation Entertainment and its unit Ticketmaster amid concerns about competition laws.

Big arena shows like the Eras Tour are huge money spinners (Gareth Cattermole/TAS24/Getty Images for TAS Rights Management)
Big arena shows like the Eras Tour are huge money spinners (Gareth Cattermole/TAS24/Getty Images for TAS Rights Management)

Attorney General Merrick Garland said: "Ticketmaster can impose a seemingly endless list of fees on fans. These include ticketing fees, service fees, convenience fees, platinum fees, price master fees, per order fees, handling fees and payment processing fees."

Advert

But just where so all these fees go?

The BBC has broken down precisely where the money goes on a ticket costing £150, or around $200, for an arena tour.

Of this, £93.60 ($125.15), which comes up as 62.4 percent of the total, goes directly to the artist.

This is then subdivided to pay tour expenses like transport, crew, security, and all that side of things before the artist themselves takes their cut.

Advert

In the UK the next largest part is VAT, which is £25 in the UK, that's $33.43 or 16.6 percent (16 and a third to be precise).

Many music fans are finding themselves priced out of tickets (Rubberball/Mike Kemp via Getty)
Many music fans are finding themselves priced out of tickets (Rubberball/Mike Kemp via Getty)

Following that, you have the bane of many a music lover - ticket fees.

These come to £16.50, that's $22.06 and 11 percent of the total.

Advert

Then you have the promoter, the business that organises and markets the tour.

They take £10.40, or $13.91, which is just over 6.9 percent of the ticket price.

Finally you have the performance royalties for the songs, which can go back to the artist if they are performing their own material.

This is around £4.50, or $6.02, which comes to three percent of the ticket price.

Advert

One notable absence that some people may have noticed is that of the venue.

While stadium shows such as Taylor Swift's Eras Tour can bring in huge amounts of money, it's a different story for smaller venues.

Many smaller venues are finding themselves increasingly squeezed, which could deprive up and coming or alternative artists of the spaces they need to perform.

Featured Image Credit: Getty/Buda Mendes/TAS23/Getty/Cavan Images/Javi Muñoz

Topics: News, Music, Money

Kit Roberts
Kit Roberts

Kit joined UNILAD in 2023 as a community journalist. They have previously worked for StokeonTrentLive, the Daily Mirror, and the Daily Star.

Advert

Advert

Advert

  • Shocking amount of money 'Ibiza final boss' could make after video revealing who he really is goes viral
  • People claim this one subtle detail immediately reveals if someone is rich
  • US social security explained after Trump's shocking claim that money is being paid to people 149 years old
  • This is what viral 'skiplagging' trend means that people use to save money on flights but has seen some passengers banned for using

Choose your content:

2 days ago
3 days ago
4 days ago
6 days ago
  • 2 days ago

    Eminem leaves people shocked with savage response to claims nothing rhymes with 'silver'

    Eminem has shocked social media users with the savage response

    Music
  • 3 days ago

    Singer dies hours after performance as her husband speaks out on final moments

    Luna Alves was just 39 years old when she died after performing a gig alongside her husband

    Music
  • 4 days ago

    Taylor Swift and Travis Kelce send fans into frenzy with major announcement on his podcast

    The pair have sent Swifties into a meltdown after dropping the news last night

    Music
  • 6 days ago

    Cardi B slammed for ‘unacceptable’ comments labeling fans ‘fat as f***’ in shocking livestream

    The singer brutally called out her fans while on a livestream

    Music