Music Business, Business Dr. Mike Testa Music Business, Business Dr. Mike Testa

Harmonizing Skills and Friendship: A Sound Engineer's Perspective on Charging Friends for Professional Services

Explore the nuanced dynamics of charging friends for professional services from the perspective of an audio engineer. This response blog delves into the challenges and rewards of merging friendship with business, offering insights on setting boundaries, valuing expertise, and maintaining healthy reciprocity in the music industry.

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Live Concerts, Music Business Dr. Mike Testa Live Concerts, Music Business Dr. Mike Testa

Dynamic Pricing Used by Ticketmaster is Pushing Fans Away from Live Concerts in a Post Covid Market

Fans have long feared the nightmare scenario: being shut out of their favorite concert because Ticketmaster has used dynamic Pricing to increase prices. According to a recent article, this happened to many concertgoers when tickets went on sale for an upcoming Bruce Springsteen tour. As demand increased, the price of tickets skyrocketed, with some seats costing as much as $5,500! But the real reason for dynamic Pricing is to reduce the secondary market and to increase revenue. Suppose the secondary market sells a ticket to an event for six times the face value. As the world starts to emerge from the pandemic, concert venues are filling up. But, ticketmaster’s alienating of fans in a post-COVID-19 market is leaving artists with little recourse and difficult decisions about how to best serve their fans.

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