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Live Nation CEO Calls Concert Tickets "Underpriced," Drawing Blowback and Regulatory Heat

Regulatory scrutiny intensifies over Live Nation’s pricing stance.

Overview

  • Michael Rapino said concerts are underpriced with room for increases, citing a $72 average and comparing $800 seats for Beyoncé to high-priced courtside tickets in sports.
  • He argued rising production costs justify pricing, highlighting claims that Beyoncé’s current tour requires 62 trucks per show.
  • Pollstar’s 2024 data for the top 100 tours shows an average ticket around $136, contradicting Rapino’s $72 figure.
  • Fans criticized the comments on social platforms, and producer Jack Antonoff condemned the outlook and called for bans on resale above face value.
  • Rapino’s remarks preceded an FTC lawsuit accusing Live Nation and Ticketmaster of deceptive fees and enabling broker abuses, with a separate DOJ antitrust case still ongoing.