I don't know about this particular situation, but this summer I attended a concert in Chicago that was $150 a ticket for free because of a friend at LiveNation. He told me that the band received %125 of "paid" ticket sales minus fees and taxes. LiveNation expected to make up this deficit on food and drink sales. Now I know the fees are not insignificant, but they likely made more money off of me than off of someone who paid for their ticket.
I didn't get the ticket until the last minute, so my guess is that these situations are broken out in the contract and probably beneficial to both the band and LiveNation. But it was still interesting.
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LiveNation
I don't know about this particular situation, but this summer I attended a concert in Chicago that was $150 a ticket for free because of a friend at LiveNation. He told me that the band received %125 of "paid" ticket sales minus fees and taxes. LiveNation expected to make up this deficit on food and drink sales. Now I know the fees are not insignificant, but they likely made more money off of me than off of someone who paid for their ticket.
I didn't get the ticket until the last minute, so my guess is that these situations are broken out in the contract and probably beneficial to both the band and LiveNation. But it was still interesting.