Monday, April 07, 2008

What is a Hypocrite?

From Merriam-Webster Online:
Hypocrite:

1 : a person who puts on a false appearance of virtue or religion
2 : a person who acts in contradiction to his or her stated beliefs or feelings
From Pearl Jam's prepared statement to Congress on June 30, 1994:
Many of Pearl Jam's most loyal fans are teenagers who do not have the money to pay the $50 or more that is often charged today for tickets to a popular concert. Although, given our popularity, we could undoubtedly continue to sell-out our concerts with ticket prices at that premium level, we have made a conscious decision that we do not want to put the price of our concerts out of the reach of many of our fans. Moreover, we do not want to be responsible for teenagers, who may be influenced by peer pressure to feel that they must see Pearl Jam perform, spending more money for that concert ticket than they can really afford. All of the members of Pearl Jam remember what it is like not to have a lot of money, and we recognize that a teenager's perceived need to see his or her favorite band in concert can often be overwhelming.

For these reasons, we have attempted to keep the ticket prices to our concerts to a maximum of $18. We have also tried to limit any service charges that may be imposed on the sale of those tickets to 10 percent of the ticket price, and to ensure that any service charge will be separately identified from the price of the ticket itself so that fans know how much is being charged for the ticket and how much is being added on by the company selling the ticket. As a result, even where a service charge is imposed, our goal is to make it so that no one will pay more than $20 to see a Pearl Jam concert.
Pearl Jam is playing the Verizon Center here in Washington, D.C. on Sunday, June 22nd. Tickets go on sale this Friday at 10am, and are $69.00 before fees. Assuming a normal fee add-on of about 30%, tickets will likely be about $90 total. Face value for tickets for the band's New York City shows are $77 before fees, so those will likely be about $100 total.

So, according to Pearl Jam, antitrust law apparently doesn't apply when your customers are over 19. Guess all that political posturing over the years was just that... posturing.

Edited to add: According to the Department of Labor, $18 in 1994 prices would amount to $25.71 today. Not $69, let alone $90 or $100, obviously.

2 Comments:

At 11:50 PM, Blogger Helman Taofani said...

In 1994 they sold out stadiums packed with kids and teens (which actually not their really fans). In 2008 they sellout venues packed with 30-40 years old workers who doesn't mind to pay such amount of money to see them live. You didn't count fan base-shifting. From average audience into loyal fans who survived from 1994 until 2008.

Costly? I guess...compares to other concert, it's on average price.

IMHO.

 
At 10:23 AM, Anonymous Anonymous said...

hey, they tried. give'em a break.

 

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