Gary Bongiovanni
Gary Bongiovanni
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Ten or 20 years ago, the acts that sold a lot of records were also the big concert ticket sellers. You don't see that correlation today.
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It used to be that there was a pretty good relationship between a big-selling concert act and big sellers on the charts. But over the last 20 years, there's been a real divergence.
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You don't normally see three huge acts like that out touring in the same year. McCartney and The Stones alone really helped drive up ticket prices.
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Part of it is fate and just random, but it's also fueled by the fact that last year was such a bad year for the industry. This year, a lot of acts were reluctant to go out right away,
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These older acts are the gravy train, but someday that train is not going to run anymore, and no one really knows what to do when they're gone. Of the young acts, you have someone like Coldplay who does quite well, but where will it be in 10 years? That's hard to say.
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The Killers are exploding. They're going to be an arena act by the end of the year.
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Whats going to happen when theyre gone? Its a legitimate concern in the industry, ... Theyre a huge percentage of our business.
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What's going to happen when they're gone? It's a legitimate concern in the industry. They're a huge percentage of our business.
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The stigma of playing in casinos is long gone. They've improved over the years.
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Florida tends to be one of those places that people like to play in the winter,
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There's nothing in the wings that I'm aware of that hasn't been announced. I don't know if there'll be any more Cream dates.
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That's very good business. Bruce Springsteen is grossing a similar amount of money, but he's playing smaller places at twice the ticket price.
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You have to figure that's not a healthy sign for the industry overall.
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Tribal-operated casinos have realized that that's a very good way to bring in traffic to their casinos. They're looking for people to come in and spend money on gambling, not just go to a concert.