Why JAY-Z's 4:44 Tour Will Be His Highest Grossing Solo Run Ever Despite Cheap T

Started by Lazarus, November 05, 2017, 01:20:43 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Lazarus

Quote
Why JAY-Z's 4:44 Tour Will Be His Highest Grossing Solo Run Ever Despite Cheap Tickets on StubHub

The JAY-Z tickets selling for $6 a pop on StubHub don?t reflect soft demand for his tour: they?re actually a sign that the hip-hop star has successfully priced ticket scalpers out of the game by charging market rates for the best seats in the house.

Just three dates in, JAY-Z?s 4:44 Tour is already the rapper?s highest grossing solo tour ever, promoter Live Nation tells Billboard. Average gross for the 4:44 Tour?s completed shows is up 21 percent over his 2013 Magna Carter Tour ? Live Nation said the Honda Center show in Anaheim, Calif., earned nearly 49% more than the same stop in 2013.

"This tour will be the biggest headlining tour of Jay?s career,? says Omar Al-Joulani, VP of touring at Live Nation.

Sales for JAY-Z?s tour represent a paradigm shift in concert tickets: by more aggressively pricing front row seats, VIP experiences and platinum tickets, concert promoters are getting increasingly more skilled at commanding high prices and record grosses from their best seating inventory. That?s bad news for ticket resellers ? by pricing tickets closer to actual market value, JAY-Z and Live Nation are capturing more revenue and creating little room for brokers to mark up the best seats.

Conversely, the strategy takes pricing pressure off the upper-level seating sections. Priced out of the top tier, many ticket brokers are stuck buying and selling tickets in the upper bowl. And since consumers can still choose between buying the same seat on the primary or the secondary, many brokers end up selling off tickets below face value, taking a loss.

The result: a seven-figure per night gross for JAY-Z and a lower get-in-the-door price for fans looking for a deal. In the last year, artists including Tool, Radiohead, the Weeknd, One Direction, Coldplay and U2 have all presented sellout shows with both $500+ tickets for the best seats, and $15 get-in-the-door tickets on sites like StubHub.

In fact, the highest grossing event of 2017 ? the Aug. 26 fight between Floyd Mayweather and Connor McGregor in Las Vegas ? was also dogged by rumors of slow ticket sales because of low prices on the secondary market, only to post a staggering $55.4 million gate.

Further adding to pressure on the secondary is Live Nation?s strategy to release large blocks of tickets prior to JAY-Z taking the stage. Al-Joulani explained that the 4:44 Tour sells eight to 10 percent of total tickets on the day of show ? the Las Vegas concert at T-Mobile Center (Oct. 28) saw 1,480 tickets sold with 24 hours of JAY-Z taking the stage without any tickets marked down in price, a record for an arena show in Sin City. Al-Joulani says JAY-Z has already sold more tickets than the entire Magna Carta Tour, and that?s with 30 more shows to go.

?This might be the future of ticketing,? explained Patrick Ryan with ticketing and inventory company Eventellect. ?We are seeing many creative pricing strategies and we are seeing artists find what works for them. You generate a ton of revenue up front, but you still have a $25 price point that makes it more affordable for individuals who want to see an arena show.?

There?s also more inventory than unusual because of JAY-Z's circular stage and in-the-round configuration that extends the live experience throughout the entire arena, opening up every seating section in the venue with four large, double-sided video walls hanging from the ceiling designed to lead the audience's eye toward the stage.

?It?s meant to be a mix between a big, scenic impact and a visual aid for those sitting in the higher seats,? explains Willo Perron, creative designer behind JAY-Z?s 34-date 4:44 Tour.

The round stage also presents its own challenges. Backing up only brings him closer to the audience, with center stage his furthest point from the edge. With no band to weave through (they?re off stage) and no corner to take cover, the 47-year-old rapper takes the stage tonight (Nov. 5) at Denver's Pepsi Center surrounded and engulfed by his fans.

?Many artists discover that it?s quite difficult performing on a circle stage, especially alone,? explains Perron. "We looked at different ideas and drew up a few designs, but we liked the round stage the most because it extended the album narrative of stripping everything away and having to be present in the moment,? creating maximum visibility and vulnerability for JAY-Z, who begins each concert with the 4:44 opening track ?Kill JAY-Z,? a personal pep talk that deconstructs his "Big Pimpin'" persona.

Perron, who has 20 years of experience in tour design and stage production for acts including the XX, Kanye West and Rihanna, says JAY-Z?s 360-degree stage creates a unique opportunity to engage the audience with grainy, live mixed video elements that help the rapper tell his story.

"It?s an opportunity for fans to be immersed in the show and not be distracted by something happening on a computer,? he says.

Even from the highest seats in the arena?s upper bowl, fans are "looking at the stage by way of video instead of staring at a screen,? Perron explains. ?We?re utilizing video so that we can still create a visually stunning show without taking away from the performer."

Vonc2002

This is my pass to say WHATEVER tf I wanna say about the mess she releases so I don't wanna hear SHIT! Baby mama is a mess of a song btw





LOONA.


GRAND

oh wow theyre 16 bucks and hes in orlando this Saturday

guess i just made plans

BAPHOMET.

Magna Carter Tour did about 31 million from 52 dates (which aint shit to clap about)


also... He def' had his PR people send over this cause... we've seen the reporting from some of the dates..



Vonc2002

Damn, so this is his most successful mess despite what haters have been on here trying to goop us with,  huh? Damn
This is my pass to say WHATEVER tf I wanna say about the mess she releases so I don't wanna hear SHIT! Baby mama is a mess of a song btw








XXX.

And one thing I?ve learned over the years is LiveNation is very protective of bad press on any of its tours.  They released a similar statement when Janet?s boxscore came in after that 50% capacity show.

Jay?s PR Team is kinda scrambling.  From the daily TIDAL ticket giveaways to the Grammy announcement to this statement from LiveNation.  :kii:

But $6!  All in the plan!


🦚

Quote from: Drais. on November 05, 2017, 01:28:30 PM
Cody, Baph, Sle?

   :diddraispoot:   


He paid them to plant this story. Hope we get picks of him and his Omarion sized crowds  :hehe:
Hear 'em swarmin', right? (Zz) 🐝 🐝  is known to bite (Zz, zz)
——————///——————-
https://justiceforbreonna.org/


🦚

And he?ll never has a tour as successful as on the run by himself. Kinda knew it was a lie by the title alone  :raycharles2urmess:
Hear 'em swarmin', right? (Zz) 🐝 🐝  is known to bite (Zz, zz)
——————///——————-
https://justiceforbreonna.org/

🦚

Oh and Solo!
This fag barely toured by himself. If it ain?t with bey. It?s with Mary, Justin, Kanye and whoever else.

Solo run doesn?t mean shit when there?s nothing to really compare it to  :letsmessfag:
Hear 'em swarmin', right? (Zz) 🐝 🐝  is known to bite (Zz, zz)
——————///——————-
https://justiceforbreonna.org/

Vonc2002

This is my pass to say WHATEVER tf I wanna say about the mess she releases so I don't wanna hear SHIT! Baby mama is a mess of a song btw