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Posts Tagged “Social@Ross”

The ultra-spendy Hamptons concert series Social@Ross—which featured shows by the likes of Billy Joel, Tom Petty, Prince, Dave Matthews, and James Taylor, as well as a $3,000/show pricetag for those people not famous enough to get in on their name recognition alone—will, alas, not see a second year. Which isn't all that surprising, given that Warner Music Group's purchase of Social@Ross promoter Bulldog Music resulted in an $18 million charge for the company and a lot of shareholders having heart attack-ack-ack-ack-ack-acks. [NYP / Photo: Getty]

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Warner Music Group disclosed in its first-quarter earnings release that it bought Bulldog—the promotion company that put on those "$3,000 a pop if you're stupid enough to pay to get in, free if you're famous" Social@Ross shows that featured artists like Billy Joel—last May, but that it has since bailed out of the company and will take an $18 million charge on the venture, which comes out to a 12-cent loss per share. WMG's overall earnings this quarter took an 11-cents-a-share hit. Honestly, where did they think they were going to make the money from on that series? Product placements in gossip columns? [Silicon Alley Insider / Photo: Getty]

4 comments

gah

Warner Music Group: Dumber Than We May Have Ever Thought

No doubt you remember the Social@Ross series of concerts from this summer, which featured big-name chefs, ottoman seating, Tom Petty, Billy Joel, James Taylor, Dave Matthews, and Prince—and a $15,000 price tag. Well, according to Pali Research analyst Rich Greenfield, Warner Music Group may remember those concerts quite well! Why? Because the beleaguered record company apparently shelled out about $16 million to acquire the shows' promoter, the Bulldog Entertainment Group, and has since lost a total of around $30 million as the result of the acquisition. More »

2:10 PM on Fri Jan 11 2008
By mjohnston
891 views, 4 comments

Latest by cockfightbarmitzvah: The only way I'd pay $3000 for Bill Joel Tix is if it was an Ultimate Fighting Championship match that pitted him against the Billy Joel from 1976. That guy would so kick Billy Joel's ass if he had a more »

battle of the so-called journalists

Billy Joel's Hamptons Show: A Flop Or A Celebrity-Subsidized Flop?

It's always fun when factions of Rupert Murdoch's empire go into battle over important issues—like the Social@Ross $15,000-a-five-pack concert series, which has had some deep discounts available lately. This weekend's headliner was Billy Joel, and according to yesterday's New York Post, ticket sales for the show were slow enough to give promoter Joe Meli a heart attack-ack-ack: More »

3:50 PM on Mon Aug 6 2007
By mjohnston
1,083 views, 4 comments

We were trolling Craigslist for last-minute tickets to Billy Joel's Social@Ross show when we came across this, from a man who's offering up Billy Joel's piano from the "Nylon Curtain" tour for $125,000. Somehow, this guy is not a disgruntled former employee of the Hard Rock Cafe. [billyjoelspiano.com]

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ripped from the headlines

Google Tells Us All We Need To Know About Saturday's Deeply Discounted Dave Matthews Show

Also, Billy Joel is going to keep next week's gig "hit heavy." People who shell out way too much money for shows: They're just like the kids in my high school drama club! More »

5:02 PM on Mon Jul 30 2007
By mjohnston
623 views, Comment

From a commenter whose boss tried to buy discounted Dave Matthews tickets for this weekend's $3,000-a-ticket show: "I forwarded this to my boss who is a fan of Dave Matthews and lives on Long Island. He said that they have pulled back the offer! Now it's back up to $15,000. They aren't sold out, either." Is Social saving face or holding out for the auction results? [Earlier Social@Ross coverage]

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social@ross

Dave Matthews Ticket Prices Going Down At A Pace Faster Than My Typing Speed

This morning, tickets to Dave Matthews' $3,000-a-seat show that's part of the $15,000-a-pop Social@Ross series were going for $250 to members of Dave's fan club. But if you're affiliated with the Ross School, where the super-swanky, slow-selling series is being held, you have the opportunity to pay even less for your ottoman. An e-mail to "the Ross School community" is giving people affiliated with the school the chance to buy 100 pairs of tickets at a lowest-high-bid Dutch auction, where the 100th-highest bidder gets to set the price for the 99 bidders above him: More »

3:05 PM on Thu Jul 26 2007
By mjohnston
788 views, Comment

shockers

Tickets To Overpriced Concert Series Not Exactly Flying Off Shelves

Hey, remember Social@Ross, the $15,000-a-ticket concert series that allowed Hamptons types to sit on ottomans and suck down top-shelf cocktails while they listened to live shows by Prince, James Taylor, Tom Petty, Dave Matthews, and Billy Joel? You may be surprised to hear it, but tickets aren't selling very well—even though only 1,000 were going to be made available! At least that's what we're guessing from this e-mail that went out to the Dave Matthews Band's fan club and made its way to Bob Lefsetz's inbox. It's hawking tickets to this Saturday night's show for the Crazy-Eddie-low price of $250 a pop. (For those of you who don't feel like doing the math, that's a 92% discount—and you still get free parking!) More »

10:35 AM on Thu Jul 26 2007
By mjohnston
1,664 views, 7 comments

Latest by dannyz: The last concert (two weeks ago) they were passing out free tickets in East Hampton, to jack up attendance. The public relations guru hired by the concert promoter was Lizzie "run over the locals" Grubman who, as most know more »