Rolling Stones Cutting Ticket Prices In Order To Sell? Promoter Says ‘No Way!’
The band have been criticized for high ticket prices in the past
The Rolling Stones’ comeback has been marred by the high ticket prices they demand. The controversy continues as the legendary rockers allegedly failed to sell tickets for their U.S tour, and dropped prices as a result Something their promoter vehemently denies.
"It's unfortunate in our business that everybody wants to be cynics," John Meglen, co-president of AEG Live subsidiary Concerts West tells Billboard. "The fact is, the tour is doing great and we have no problems whatsoever." Meglen added that any price cuts were part of AEG's "flex price" strategy to keep tickets out away from touts and secondary ticketing agencies. "There are no $600 tickets turning into $85 tickets, I can assure you of that," he said, adding that the band did sell over 20,000 of the $600 tickets across four gigs in LA. "Did we hit a point where we ran out of people that would buy at $600? Yeah," he said. "But why can't we do the 'market value’ thing? Why do we have to let the market value proposition live with the scalpers? Why should, in my estimation, $3 million go to the brokers, instead of the artists, in every one of these markets?"
Back when the Stones were selling out U.K venues, Ronnie Wood defended the high prices for the tickets in The Telegraph, saying: "We've already spent a million on rehearsing in Paris and the stage is going to be another few million. And the lights. We feel no bad thing about ticket prices. We've got to make something."
Laughing all the way to the bank - The Stones