Music fans have been seeing ticket prices skyrocket to new heights in recent years, and it’s not estimated to drop anytime soon. With covid, Brexit move, inflation, and the rise of gas prices, live music tickets are just one thing that has gone up. But why have live music tickets reached their highest point yet?
Covid closed the doors of many venues and restricted bands and musicians from performing live. One way or another, the industry had to get back what was lost, which is one of the reasons for the high rise in ticket prices. But with fewer fans being able to afford live tickets, what will happen to the local music scene in smaller parts of the UK.
Many see this as a positive thing to happen in the music industry due to more people now going to see smaller and local acts from venues that need the support.
When going as far back as the 90s, live music tickets have gone up more than double, and now with an added 27% inflation, things are not looking good for live music tickets overall. The overall estimation of £4.5 billion lost due to the live music venues being shut off for 2 years explains just how serious the situation is right now.
That is the amount that now needs to be made up with live shows that are being held all over the UK, especially with large international tours. Bands, musicians, talent agencies, and booking agencies have been showcasing the importance of supporting music now more than ever. This focus is especially true with the local music scene to help musicians and bands get back their careers and livelihoods.
When considering the rise in local live events, one should also consider that bands and musicians are facing the same rise in costs as the fans. Bands usually need to drive with larger vehicles to transport musical instruments and gear, making the costs of doing shows also more expensive. With larger international tours, the crews, lighting, and transport are also considered to be costing a lot more than they did before the pandemic and economic crisis.