Idolator
StubHub Would Like To Blow A Few Platonic Kisses In Miley Cyrus' Direction
Ticket reseller StubHub released its 2007 "State Of The Market That We Won't Refer To As 'Scalping'" report yesterday, and perhaps surprising no one, the Miley Cyrus/Hannah Montana "Best Of Both Worlds" tour was all over it. Its $258 average ticket price and 55 dates resulted in it becoming the first tour to gross over $10 million in sales on the site, not to mention that it outsold bands like the Police, Van Halen, and Genesis—you know, old guys.
THE GOOD: Is sanity finally setting in to the secondary-ticketing market? Perhaps: "The average price of concert tickets sold through StubHub in 2007 was $117. That price DECREASED $28 per ticket when compared to average prices in 2006 ($145). The drop in average ticket prices has increased YOY, average ticket prices declined 19% in 2007, compared to 12% in 2006."
THE BAD: Or perhaps not: "Celine Dion's Las Vegas tour topped the average ticket price category at a whopping $352 per show."
THE WHAAAA? In the "Rising Stars Under $100" category, the average price of a ticket to an Arcade Fire show was $94—making them the highest new band in the field. Surely if that average had factored in these peoples' dignity, the price would have gone waayyyy higher.
