Re-NY Times/Private Equity/Music

I liked the comparison between 5 guys and ticket fees.

I got a burrito and a bottle of water and paid $28 at the airport the other day. Then there is an add on for a tip shown to you that the cashier flips around for you to sign off on. Now I'm at $31.

In today's economy, you are right, Bob. $57 is a bargain to see a show that is 60 years in the making, that's how long Jon Anderson has been singing, give or take.

Bottom line, you are paying $57 and getting a breakdown of how it got there. Why all the heartache?

Concert tickets, like sports tickets, plane tickets - ALL have fees. Ask Avis or Hilton. You gonna sleep on a bench instead of a hotel over fees?

Buy your ticket, Tom, go to the show, and have a blast. You deserve it if you are paying for it.

See you at our show in Denver. His tickets are selling great, by the way, because it is a great show. You don't wanna miss this over fees.

Next time thru, this will be a bargain. That's the way it is.

Danny Zelisko
 
_______________________________________

We've been touring and making records since 1981. These days we "tour" one or two weekends a month. 3-4 gigs then go home for two weeks. It might not be the most efficient way to tour, but if we went out for 3-4 months, we'd probably end up hating each other. And, it's hard to sell tickets for a Tuesday show in Des Moines. Though we do still love each other, and enjoy playing together, we'd rather be home with our families and dogs when we can.

Our agent, Jerry Lima at Mint, basically doesn't even look for dates, he takes offers and if we like the money, the venue, town, routing, we take them. We have a $$ number we'll accept. Anything less, (unless it's Hawaii, Park City, Key West, Brazil etc..) we say no thanks. The guarantee decides what the ticket price is. Most of our shows are $50-$80 a ticket. 300-500 seat venues. Often multiple nights which we enjoy. We mostly play sit down, dinner clubs (City Winery, Birchmere types) and we sell out most of them, so there's usually a small back end. I'm 67 and though I don't go to many concerts anymore mostly because of the awful 24/7 tinnitus I suffer from years of being stupid with the stage volume, I'd prefer sitting down with table service to watch a show. If the band moves me to get up and dance, I do. If there's a band I really want to see, I don't care what the ticket price is. I'm happy to pay for it. After all, as a musician, it's a tax deduction. 

Love your letters. I used them when I taught the business of music at our community college.

10,000 Thanks.

Steven Gustafson
Founding Member/Bassist
10.000 Maniacs 
www.maniacs.com
 
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This article is ridiculous. Focusing on catalog sales and streaming payments somehow affects the entire music industry? I've lived long enough to know that, for me, any performers worth listening to get it done on the road. 

Case in point: Billy Strings. Not a household name, but has a very passionate fan base and enough attendees to his shows that he plays multiple nights in some markets.

I could cite more examples, but I'm not the one writing a piece for the NYT. 

Regards,
Chris Adams
 
_______________________________________

From the NY Times article: "Private equity firms have poured billions of dollars into music, believing it to be a source of growing and reliable income." 
 
At first superficial sight, private equity is an easy target for spleen venting. However, the NY Times essayist's ire overlooks one key point, namely the source of the funds invested by the PE firms. Sure, PE executives usually co-invest in the companies in which they invest the funds that they have raised from institutional and private investors. 
 
Those institutional investors of course frequently include pension funds. I suggest that many of those wailing and gnashing their teeth about private equity are simultaneously reaping the benefits of PE investments via their pensions.
 
Best wishes

Nick Shilton 
London, UK
 
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The problem with consumers is, they hate profit.  They have been conditioned by the media to be pissed off at any entity, especially a large entity, that makes a profit.  ANY profit.  They have no problem when a huge corporation loses money, but they just hate to see them have a successful year.  They don't understand that without profit there is no business.  No innovation, no new locations, no new products, no nothing. No jobs, either. It all relies on profit.  Why don't people understand that?  BECAUSE THE MEDIA NEVER TELLS THAT PART OF THE STORY.

Mike Blakesley
 
_______________________________________

We are less educated and more entitled, a population that is either in denial or delusional about where we really stand. Ultimately though, we are afraid to admit the reality that luck plays more a part of our good fortune which stems the tide of what should be an inherently natural altruistic mindset. We'll get what we deserve because the concept of deserving is an illusion and the driving force behind the misunderstanding of the reasons behind why things happen.    

Marty W. Winsch
 
_______________________________________

The uniquely American quality of indefatigable pluck is vanishing. 

We are now awash in a sea of victims and cry babies. Our grandparents would be shattered to know that they sacrificed so much, only for these people to devalue all of it. 

Facts don't matter any more. Only emotions do. Here's what they think: "I feel disappointed, I must've been cheated. Facts be damned! They make no difference in how I feel. I want what I want and I deserve it. Now, who do I see about this injustice!"

If they weren't emotional about it, they'd have to admit that if, for instance, they wanted to go to a concert, the venues and the ticket services have to get paid as well as the artist. The problem is that in their minds, no matter what, it's their right to have whatever they want. Otherwise, it's an injustice. And their leaders join them in this puerile behavior. 

And that's the biggest difference between Democratic politicians and Republicans — Dems are not making an emotional case. They are not connecting with people. They must wake up NOW and learn how to make an emotional connection to people's pain points. It's basic marketing for God's sake. 

Bill Maher had on Ro Khanna, the Democratic California Congressman, who was going on and on with factual information, cogent arguments, reasonable thinking, and solutions to problems, begging politicians to work together. Throughout it all, he was sitting next to Nancy Mace, Republican Congresswoman from South Carolina, who spouted nothing but outrage-driven partisan baloney. When Maher asked her how she, a rape victim, could support a man found civilly guilty of sexual harassment for President, she instead talked about how George Stephanopolous was evil and insensitive to her when he asked her the same question with her daughter backstage. See? Emotional. 

If Democrats don't start connecting with people emotionally ASAP, Trump and his henchmen will take over and destroy the country. HE'S SAYING SO! And they love it because they connect with him as a fellow cry baby. 

When an American presidential candidate declares his admiration for Putin, Orban, Kim, Jinping, and HITLER, and lets you know he wants to be your dictator and strongman, and you cheer him on?

That's an emotional connection. 

Paul Gigante
 
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Is this Tom Newsom even real? $67 to see a band favorite from a good seat and he doesn't take it? Smells like some bullsh*t here.

John Parikhal
 
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OK Bob, you win.

I definitely do not feel hate or disgust for LiveNation. How dare me question the price of a show for an 80 year old guy with a pickup band who I used to admire a lot despite his quirkiness in so many ways. My hate and disgust is now redirected.

I don't shop at Five Guys, but  you can get a meal for 2 at Applebees for $25 (Date Night).

https://www.applebees.com/en/specials/2-for-25

I guess there is no show without fees. Perhaps no show without attendees either. I agree that $35 is cheap. Perhaps $57 plus parking, etc is not quite as cheap. And $114 for a date night is 4.6 Applebees.

Thanks for telling us what's really going on. I do enjoy your notes. I am sad indeed that the music industry has basically been taken from the artists by tech companies. But yes, this is the world we live in today.

"Even Siberia goes through the motions...."

or perhaps even better...

"I crucified my hate and held the word within my hand
There's you, the time, the logic, or the reasons we don't understand"

Tom Newsom

(p.s. if I used any more words I'd probably have to pay a fee!....)


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