Is this becoming a broken model? Indeed, a look at Live Nation's financials shows the dramatic plunge, with 2008 also offering a catastrophic free-fall (left axis in millions).
In the interview, Hubbard pointed to a number of problems. We've got a fan experience problem, first and foremost. There are things about buying the ticket that suck. There are things about going to the show that suck."
But pricing may be the biggerand primaryculprit. The compound annual growth rate for ticket prices has been 5-8 percent, since the beginning of timeso it's just continued to inch up, and the decline in recorded music sales accelerated that for sure," Hubbard continued. Price is still an issue for fans."