Live Nation's CEO says concert tickets are still underpriced. Michael Rapino compared the costs of attending a concert or a sporting event while speaking at CNBC Sport and Boardroom's Game Plan conference Tuesday in Los Angeles.
He said the average concert ticket price is 72-dollars and added, "Try going to a Laker game for that". pointing to figures that “75% of tickets are under $100” and “half are under $50"!
The latest Bureau of Labor Statistics consumer price index data showed prices for movie, theater and concert tickets jumped three-point-four-percent last month compared to a year ago.
Rapino's point may be correct but only slightly. The average concert ticket in 1990 was $29.00 which would have the buying power of $73.75 in 2025.
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