Live music events in the UK

Question 1

Ticketing

Answer 1

1. Ticketing = mostly online through platforms - profiting through booking fees, convenience fees etc - supply and demand = inelastic demand even though luxury product - dynamic pricing - bots buy tickets to then resell at higher prices - legislation

Question 2

Venues

Answer 2

2. Venues - multi purpose, small ones may be more music specific - staffing/Human Resources, temporary staff/part-time staff/flexible working hours - contractors (specialists) security teams/catering - physical resources - high fixed costs, importance of capacity utilisation - spreading fixed costs over more tickets/consumers

Question 3

Festivals

Answer 3

3. Festivals - staffing = temporary workers, physical resources = everything put up and taken down in short window - logistically difficult to organise (CPA), ticketing - impossible to get