After I bugged him for his opinion on the matter, Coolfer delved even further into the discussion and found this great article from the Princeton paper online. It includes much greater detail and such startling facts as:
- In 1982, the top 5 percent of artists generated 62 percent of the revenue. Today, they're generating 84 percent of the revenue.
- Female bands command the highest prices in the industry
- NSYNC's last stadium tour took as many as 53 tractor trailers (!)
Most importantly, it indicates that Professor Krueger had a number of hypotheses as to why ticket prices had skyrocketed, with internet downloads being only one of a number of factors which include industry consolidation, exorbitant cost of stage shows, and deflated ticket prices.
Monday, April 24, 2006
Further Rocknomics news
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