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Take That lead music ticket boom | Take That lead music ticket boom |
(about 1 hour later) | |
Big name bands like Take That and Oasis are leading a boom in gig ticket sales, with UK stadium shows selling in record time despite the credit crunch. | Big name bands like Take That and Oasis are leading a boom in gig ticket sales, with UK stadium shows selling in record time despite the credit crunch. |
Take That are expected to sell 700,000 tickets on Friday for their 2009 tour, a week after 500,000 tickets to see Oasis were snapped up in six hours. | Take That are expected to sell 700,000 tickets on Friday for their 2009 tour, a week after 500,000 tickets to see Oasis were snapped up in six hours. |
AC/DC, Metallica and The Killers have also sold out UK shows in recent weeks. | AC/DC, Metallica and The Killers have also sold out UK shows in recent weeks. |
But while massive stars thrive, there are fears that a recession could hit tours by small and middle-ranking acts. | But while massive stars thrive, there are fears that a recession could hit tours by small and middle-ranking acts. |
Take That's promoters SJM said the pop band's tour was the fastest-selling in UK history. | Take That's promoters SJM said the pop band's tour was the fastest-selling in UK history. |
It's a big thing for us because we're doing the stadiums properly for the first time Mark Owen class="" href="/newsbeat/hi/entertainment/newsid_7702000/7702725.stm">Take That tell BBC Radio 1 Newsbeat about their new tour | |
"It's totally unprecedented," SJM managing director Simon Moran told BBC News. | "It's totally unprecedented," SJM managing director Simon Moran told BBC News. |
"In times of economic downturn, to sell £35m of tickets in one day for a tour is good for the economy, I would have thought," he said. | "In times of economic downturn, to sell £35m of tickets in one day for a tour is good for the economy, I would have thought," he said. |
Tickets for their 14 stadium shows - including four nights at Wembley Stadium - cost between £45 and £65 each. By 1530 GMT, only five of the dates had tickets left. | Tickets for their 14 stadium shows - including four nights at Wembley Stadium - cost between £45 and £65 each. By 1530 GMT, only five of the dates had tickets left. |
According to SJM, the record of fastest-selling tour was only broken a week ago by Oasis, another of their bands. | According to SJM, the record of fastest-selling tour was only broken a week ago by Oasis, another of their bands. |
"Both artists are just very popular and careful with the ticket price," Mr Moran said. | "Both artists are just very popular and careful with the ticket price," Mr Moran said. |
"Not all live music is doing good. But if it's the right artist and the right ticket price and the right event, people want to be entertained. | "Not all live music is doing good. But if it's the right artist and the right ticket price and the right event, people want to be entertained. |
"But there's plenty of what we're doing that's not doing that good, I can tell you." | "But there's plenty of what we're doing that's not doing that good, I can tell you." |
AC/DC are to embark on their first UK tour for eight years | AC/DC are to embark on their first UK tour for eight years |
Meanwhile, virtually all dates on UK arena tours by Metallica and The Killers are now sold out. | Meanwhile, virtually all dates on UK arena tours by Metallica and The Killers are now sold out. |
AC/DC sold 60,000 tickets in 40 minutes two weeks ago, while Depeche Mode sold out the O2 Arena in London in half an hour. | AC/DC sold 60,000 tickets in 40 minutes two weeks ago, while Depeche Mode sold out the O2 Arena in London in half an hour. |
Stuart Galbraith, who runs promotion company Kilimanjaro Live, said: "If you're AC/DC, Take That, Oasis or Metallica then it's very, very good." | Stuart Galbraith, who runs promotion company Kilimanjaro Live, said: "If you're AC/DC, Take That, Oasis or Metallica then it's very, very good." |
The live music scene had traditionally held up well in tough economic times, he said - but fans are still likely to cut back on gigs. | The live music scene had traditionally held up well in tough economic times, he said - but fans are still likely to cut back on gigs. |
"Rather than someone going out six times a week, a month or a year, you're going to see people going out three or four times. | "Rather than someone going out six times a week, a month or a year, you're going to see people going out three or four times. |
"So in that respect I think the strong tours with the strong artists will get stronger, and the weaker ones will get weaker." | "So in that respect I think the strong tours with the strong artists will get stronger, and the weaker ones will get weaker." |
The real killing field area will be mid-range, where I think we're going to see some very severe issues Stuart GalbraithPromoter | The real killing field area will be mid-range, where I think we're going to see some very severe issues Stuart GalbraithPromoter |
Speaking at the MusExpo music conference in London earlier this week, Mr Galbraith, former managing director of promoter Live Nation, said small gigs in pubs and clubs had seen a "marginal decrease". | Speaking at the MusExpo music conference in London earlier this week, Mr Galbraith, former managing director of promoter Live Nation, said small gigs in pubs and clubs had seen a "marginal decrease". |
"But the real killing field area will be mid-range, where I think we're going to see some very, very severe issues," he said. | "But the real killing field area will be mid-range, where I think we're going to see some very, very severe issues," he said. |
Harvey Goldsmith, who has promoted shows by The Rolling Stones, The Who and Bruce Springsteen, as well as Live Aid, said the live music scene was healthy overall. | Harvey Goldsmith, who has promoted shows by The Rolling Stones, The Who and Bruce Springsteen, as well as Live Aid, said the live music scene was healthy overall. |
"It's had an unprecedented growth over the last three or four years," he said. | "It's had an unprecedented growth over the last three or four years," he said. |
"In previous crises when the financial market has been in a complete mess, the live business has absolutely thrived because people just get fed up with reading bad news all day long. | "In previous crises when the financial market has been in a complete mess, the live business has absolutely thrived because people just get fed up with reading bad news all day long. |
"They just want to go out, and I think the live industry will carry on and I think it should do very well. | "They just want to go out, and I think the live industry will carry on and I think it should do very well. |
"The difficulty is that there's a gulf between the big acts who are pulling out every penny they can and don't care, and the newer bands who are trying to break through, who are struggling." | "The difficulty is that there's a gulf between the big acts who are pulling out every penny they can and don't care, and the newer bands who are trying to break through, who are struggling." |
Acts like Primal Scream could lose out if fans cut back on their gig-going | Acts like Primal Scream could lose out if fans cut back on their gig-going |
There was a large number of acts in the middle who had been unable to make the step up to arena or stadium status, he added. | There was a large number of acts in the middle who had been unable to make the step up to arena or stadium status, he added. |
"The big acts are there, they're not going anywhere. The difficulty is that middle market. That area is very, very price sensitive." | "The big acts are there, they're not going anywhere. The difficulty is that middle market. That area is very, very price sensitive." |
That middle market comprises acts that tour too often or have struggled to reach superstar status. Sheryl Crow and Primal Scream have been cited as examples. | That middle market comprises acts that tour too often or have struggled to reach superstar status. Sheryl Crow and Primal Scream have been cited as examples. |
"People will still spend the big money on A-list acts, but the ones slightly down the chain are beginning to suffer," Music Week magazine contributing editor Gordon Masson said. | "People will still spend the big money on A-list acts, but the ones slightly down the chain are beginning to suffer," Music Week magazine contributing editor Gordon Masson said. |
"The live industry has had such a good time over the past couple of years that it's going to have a little bit of a downturn no matter what. | "The live industry has had such a good time over the past couple of years that it's going to have a little bit of a downturn no matter what. |
"With the credit crunch, everybody's sitting and hoping that things will work out OK. | "With the credit crunch, everybody's sitting and hoping that things will work out OK. |
"The fact that big shows are selling looks great for the industry but further down the chain there might be repercussions." | "The fact that big shows are selling looks great for the industry but further down the chain there might be repercussions." |
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