Submitted by eastbayted t3_11uc4pr in news
Superdickeater t1_jcpa4ff wrote
Reply to comment by moneyfish in Robert Smith of The Cure convinces Ticketmaster to give partial refunds, lower fees by eastbayted
I don’t think the artists themselves have as much control over the price of the tickets at their show as one might think.
Record companies and music venues tend to take a majority of the profits from record and ticket sales. They might seem like they have a lot of money, but imo that’s due to the pennies they get from those millions of sales eventually adding up for them over the years. Typically musicians make a majority of any profit on merchandise.
To put into perspective- Travis Barker’s net worth is approximately $40m. Jimmy Page’s net worth is approximately $180m. Gene Simmons’ net worth is approximately $400m.
And as we all know, Gene Simmons merchandised the hell out of Kiss.
That’s not to say $40m isn’t a helluva lot of money, but there’s a lot we think an artist has control over that they really don’t. They might pitch an idea, but then that has to go through a plethora of other boards of directors, financial and PR advisors, and so on and so forth.
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