⭐🔥 Click here to check Latest Celeb News & Celebrity Gossip in 2022! 🔥⭐
The Washington Independent
The Washington Independent

Take the Money and Run

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

Iram Martins
News
Last updated: Jul 31, 2020 | Jul 10, 2008

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 “tickets available for only $10!” and begins to wonder. He also cites an anonymous industry executive who tells him the following:

“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…

Economists are looking all the time for offbeat indicators that tell them something about consumer spending decisions, like the Latte Index, which measures whether people are cutting back on coffee drinks at Starbucks. If promoters have to discount concert tickets during the summer season, this could be one of them. On the other hand, as a Big Picture reader points out: “Dude, you’d have to PAY me more than $10 to see the Steve Miller Band.”

Iram Martins | Personal trainer. Aspiring sommelier. Brunch critic who works part-time. When I'm not competing, you'll find me at dog beaches with my black lab or sipping drinks at the best bars in town. I like to fly a lot.

Related

Rep. Patrick McHenry: Please, Conservatives, Fill Out Your Census Forms!

The conservative congressman from North Carolina, a constant critic of the census -- one of the people who sounded the alarm about politicization when the

Rep. Paulsen allies with medical device industry to relax FDA oversight

Source: Flickr; Republicanconference (www.flickr.com/photos/republicanconference) On the heels of the Minnesota Independent story last week about U.S. Rep. Erik Paulsen’s cozy financial relationship with the medical device industry, the New York Times reported Tuesday that some health professionals are alarmed by Paulsen’s push to relax Food and Drug Administration (FDA) oversight

Rep. Parker Griffith (R-Ala.)

One of the most conservative Democrats in the House -- a freshman who said he couldn’t support Nancy Pelosi again -- is going to switch over to the GOP. Josh

Rep. Paulsen touts balanced budget constitutional amendment

In a post for the conservative blog True North , U.S. Rep

Rep. Paulsen, Karl Rove the latest to get ‘glittered’

Rep. Erik Paulsen and former Bush staffer Karl Rove were both showered with glitter at the Midwest Leadership Conference Friday

Rep. Paul Ryan to deliver SOTU response

Chairman of the House Budget Committee Rep. Paul Ryan (R-Wis.) will deliver the Republican response to the State of the Union Tuesday, according to Mike Allen

Rep. Perlmutter criticizes House measure that would eliminate 800K federal jobs

Congressman Ed Perlmutter today issued a scathing statement criticizing the House of Representatives for passing a spending bill that could put nearly a million federal employees out of work. The Colorado delegation voted strictly on party lines, with all four Republicans voting in favor of the bill and the three Democrats voting in opposition. Perlmutter’s statement: “My number one priority is to get people back to work because that’s the best thing we can do to pay our debt and move forward toward economic stability

Rep. Perlmutter to hold constituent meet-up in grocery store

Colorado Congressman Ed Perlmutter will hold a Government in the Grocery constituent meet-up this evening from 5-7 at the Safeway at 38th and Wadsworth in Wheat Ridge. The address is 3900 Wadsworth. The meeting, where Perlmutter typically sits at a folding table and talks to whomever shows up, is free and open to the public

Rep. Peace, ACLU seek investigation of soldier’s allegations of racial discrimination in Afghanistan

Both Rep. Steve Pearce (R-NM) and the American Civil Liberties Union agree: There needs to be an investigation into Spc.

© Copyright 2022 The Washington Independent All Rights Reserved

Terms & Privacy | twi.news@washingtonindependent.com

⭐🔥 Click here to check Latest Celeb News & Celebrity Gossip in 2022! 🔥⭐