Why Concert Tickets Are So Expensive — And Who's To Blame | So Expensive | Business Insider

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Seeing your favorite artist onstage has never been more expensive. In the 1960s, a ticket to see The Beatles could cost around $5. In 2024, the average concert ticket in the US was nearly $136. And on the resale market, prices can jump to almost double that, with some Taylor Swift fans paying thousands of dollars for a single seat. Business Insider spoke with individuals across the live music ecosystem — including Live Nation and Ticketmaster, resale sites like StubHub, musicians, lawyers, government officials, music journalists, and fans — to unravel why concert tickets have become so expensive and why many people believe the system is rigged against ordinary fans. 00:00 - Intro 02:31 - The Evolution of Concerts 03:33 - The Fall of Recorded Music 04:46 - Ticket Pricing Breakdown 06:17 - The Rise of Ticketmaster 07:44 - The Rise of Live Nation 09:02 - Ticketmaster and Live Nation Merger 09:34 - The Rise of Live Nation Entertainment 12:17 - Taylor Swift Fans Sue Live Nation 13:54 - United States v. Live Nation Entertainment 15:48 - Live Nation Entertainment's Side of Ticket Prices 18:27 - The Blame Game 18:40 - Musician's Side of Ticket Prices 20:08 - The Rise of Ticket Resale 21:06 - StubHub's Side of Ticket Prices 24:37 - Dynamic Pricing 25:32 - Favorite Concerts 27:44 - Credits ------------------------------------------------------ #concerttickets #Ticketmaster #LiveNation #StubHub #SoExpensive MORE SO EXPENSIVE VIDEOS: How The World's Most Expensive Color Is Made https://youtu.be/nBjgngg6_bE 19 Of The World's Most Expensive Resources https://youtu.be/B-lF-Bev3Vg Why Japan Can't Keep Up With America's Matcha Obsession https://youtu.be/CSSg-jYH4L4 Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: https://www.businessinsider.com Business Insider on Facebook: https://www.facebook.com/businessinsider Business Insider on Instagram: https://www.instagram.com/businessinsider Business Insider on Twitter: https://www.twitter.com/businessinsider Business Insider on Snapchat: https://www.snapchat.com/discover/Business_Insider/5319643143 Business Insider on TikTok: https://www.tiktok.com/@businessinsider Why Concert Tickets Are So Expensive — And Who's To Blame | So Expensive | Business Insider