$10 Concert Tickets! (Another Weird Economic Indicator)

Last night, I pinged a friend about this crazy advert I got regarding a band/tour he is involved with. He can only be identified as an "Anonymous Industry Exec" (Thanks for the Police/Elvis Costello Tix hookup, G!)

He writes:

"This is shaping up to be a pretty bad summer for touring.  A lot of tours are having trouble.  The sheds (like Jones Beach) are having a particularly hard time selling seats. The economic difficulties are showing up in weak ticket sales.  A lot of people are reluctant to spend all that money on gas getting to the show, paying for parking and then beer — on top of the concert tickets.

By contrast, movie box office is doing reasonably well, most likely because the prices are reasonable, there have been some decent movies this year and with people staying closer to home, movies are a vacation substitute.  Much cheaper to take a family to Wall-E than to Disney or Six Flags…

Note that most of the tickets I have gotten from shows ranged  from reasonable (any Jazz show in NYC)  to $60 (James Taylor) to $90 (Steely Dan 3rd row) to really expensive (the aforementioned Police/Elvis tour in great seats).

Here’s the advert that started this conversation:



Category: Economy, Music

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Me Media: What is Capitulation?

Category: Media, Psychology

Ted Koppel: The People’s Republic of Capitalism

Ted Koppel has a four part series on the Discovery channel, beginning tonight, on China.

Part 1: Joined at the Hip — Wed., July 9, at 10 p.m. ET/PT
Part 2: MAOism TO MEism — Thur., July 10, at 10 p.m. ET/PT
Part 3: The Fast Lane — Fri., July 11, at 10 p.m. ET/PT
Part 4: It’s the Economy, Stupid — Sat., July 12, at 10 p.m. ET/PT

It looks quite fascinating . . .


Ted Koppel’s ‘Capitalism’ pays off big   
Robert Bianco
USA TODAY, July 08 2008

Ted Koppel Opens Up About Meet the Press, Nightline and Conan
Media Bistro, TUESDAY JUN 24, 2008

The People’s Republic of Capitalism
Review: ‘People’s Republic of Capitalism’ on Discovery
Verne Gay 
Discovery, July 9, 2008
tonight through Saturday at 10


Category: Economy, Video

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Cool Tool: Housing + Transportation Affordability Index

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T. Boone Pickens on Oil Prices, Wind Power

Boone Pickens details to reduce America’s dependence on foreign oil:

click for Video

UPDATE: July 9, 2008  9:43pm

Jeff Matthews points out Picken’s flip flop

“I was in wind energy for a minute…. I hate it. And when I got to looking at those damn things I said, I don’t want to be a part of putting that on the horizon. I think it’s homely and I don’t like it. We took a loss and got out of it and I’m glad I did.”

—T. Boone Pickens, Bloomberg, February 17, 2005

Boone Pickens: A man with an energy plan   
C/NET July 8, 2008 4:20 PM

Big Pickens: T. Boone, the Oilman, Ups the Ante in His Wind Bet
Keith Johnson
Environment, July 8, 2008, 2:11 pm

Texas oilman T. Boone Pickens wants to supplant oil with wind 
Dan Reed
USA TODAY   July 8, 2008


Category: Commodities, Energy, Video

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