Music fans are being deprived of seeing their favorite acts due to high ticket prices, according to industry insiders.
In 1999, the average ticket for an arena concert cost £22.58, according to the National Arenas Association.
Today that equates to £36.22 taking into account inflation from the ONS Inflation Index, although it could cost more than double to see a top performer.
There are several reasons for the price increases.
Jon Collins, chief executive of LIVE, which represents the UK live music industry, told Sky News: “You have people’s post-COVID reluctance to go out, which influences customer behavior in a way odd.
“You have the cost pressures of the industry, you know, a lot of it is fuel, but not just fuel, there are other supply chain pressures around people and equipment. for festivals, whether fencing boards or portacabins.
“We are seeing cost increases of 20% to 30% there.
“And then you know, in the midst of all this, we still have an oversupply of concerts and festivals that have been postponed from 2020 and 2021 and are taking place in 2022, often at prices set in 2019, but with costs of 2022.”
“Being inclusive is very important to us”
Next Door Records in West London is a record store by day and a live music venue by night.
The staff is on a mission to make music accessible to everyone as ticket prices for gigs and concerts rise.
Throughout the week they host live music events open to everyone – week after week they see their audience grow.
Co-founder Louis Raworth told Sky News: “Being inclusive is very important to us as a store and as a meeting space, especially with the cost of living continuing to rise.
“It’s so important to be able to organize free events because it allows people to still go and see musicians.
“People can still hang out, have fun and support artists without worrying about breaking the bank a bit.”
Prices excluding mainstream concerts
Many people who attend these events feel like they have been shut out of mainstream gigs and gigs.
Jordan Kelly told Sky News: “I’ve noticed a lot of bigger artists, potentially Americans, coming from across the pond, their ticket prices have been a lot more expensive and that really puts me off.”
Meanwhile, Eloise Burtonshaw said high ticket prices were preventing people from gathering for fun after two years of pandemic-related restrictions.
She said: “You just want to be able to go out and have a good time with your friends, and the high price of a ticket is enough to put you off.
“It’s a shame, because the live music is awesome.”
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