Is the price of concert tickets an economic indicator? The Big Picture spots a discount for a Steve Miller Band concert from its promoters that features
“„“This is shaping up to be a pretty bad summer for touring. A lot of tours are having trouble. The sheds (like Jones Beach) are having a particularly hard time selling seats. The economic difficulties are showing up in weak ticket sales. A lot of people are reluctant to spend all that money on gas getting to the show, paying for parking and then beer — on top of the concert tickets. By contrast, movie box office is doing reasonably well, most likely because the prices are reasonable, there have been some decent movies this year and with people staying closer to home, movies are a vacation substitute. Much cheaper to take a family to Wall-E than to Disney or Six Flags…