Latest / The Price of Music / Steve & Stu answer listener's questions: Why do ticket prices vary so much at the same venue? Why are some songwriter credits missing on streaming platforms (and do they still get paid)?
Transcript
- 0:03Hello and welcome to The Price of Music, brought to you by
- 0:06Music Ally, the show that's fascinated by all the fun and
- 0:08games and finances of the music world as explained each week by
- 0:12me, Steve Lamac and him, Stuart Dredge.
- 0:14If you want an easy guide to what's happening in the music
- 0:17biz and how it all works and how the figures stack up, here we
- 0:21are twice this week. I'll explain more later on.
- 0:25Also our first episode. It's a slightly different one
- 0:29because there's one or two news stories which we've seen which
- 0:32are interesting, but we're going to hold over till next week
- 0:35because we're going to move straight to any other business
- 0:38this week as provided by yourselves.
- 0:41So this is the point where, well, if you have any questions
- 0:45for us about the workings of the industry or it's complicated
- 0:48money trial, drop us a line e-mail address coming up shortly
- 0:51because we quite often do one of these specials where we pitch
- 0:55into the post bag and try and answer some of your enquiries.
- 1:01I think this one's for you, Stuart.
- 1:02This first one, this is from Richard Engler who says, hey,
- 1:06Steven Stewart, I often check the credits section on tracks.
- 1:10A large percentage have either no or incomplete information.
- 1:16When you look at the credits on Spotify, does this mean that the
- 1:21credits aren't logged on Spotify system?
- 1:24And if so, then where does the where do the royalties go?
- 1:28I've seen it on covers numerous times.
- 1:32So a large amount of potential revenue either stays with
- 1:36Spotify or is distributed to the wrong people.
- 1:40Is that what happens? Does the money go to the black
- 1:43box like it does with some royalty distribution?
- 1:48I think this is one of those questions where when there's
- 1:50probably a quick answer, but there's probably a much more in
- 1:53depth answer which has a dozen different layers to it.
- 1:56But thank you, Richard. If the credits are missed off,
- 2:00if they're, if they're not, the songwriters aren't listed
- 2:03beneath the track on Spotify. What happens then, if we take it
- 2:08point by point? If there is a large percentage
- 2:13of songs that have no or incomplete information, does
- 2:16this mean it's not logged on Spotify's system?
- 2:19And in which case do people not get paid?
- 2:22Yeah, so this is it's got to the heart of one of the big, big
- 2:27problems for the music industry. It's bigger than Spotify, you
- 2:31know, only one platform. It's a long time industry issue.
- 2:33This is about metadata, which is a word.
- 2:36If you go to music industry conferences, you'll hear this a
- 2:38lot. We've got to sort out our
- 2:39metadata problems. So essentially, yes, to go back
- 2:43to start, at the beginning, when a track's uploaded to Spotify,
- 2:46it's the person who uploads it. So that's either a label or
- 2:49distributor who gives Spotify the credits info.
- 2:52So it's up to them. So music publishers don't get,
- 2:55don't upload songs to Spotify, songwriters don't.
- 2:58So it's really up to whoever's uploaded the track.
- 3:01And so in the case of a label, they should put the publisher in
- 3:04and songwriters, if it's a distributor, it's down to the
- 3:06the artist who's using a distributor to put it on.
- 3:10And like you say, often I don't, I mean, I've seen I've seen
- 3:12covers like the most famous Beatles and Bob Dylan tracks
- 3:15where they haven't put the songwriter credits in.
- 3:16If you look at the credits on spot, if they think this is
- 3:19ridiculous, it's obviously a cover of that famous Beatles
- 3:21song. How can Spotify not know?
- 3:24But all it's showing us is what's been uploaded with the
- 3:26data. So the problem here, and I will
- 3:30get to what happens. The problem here is, is it's
- 3:32about matching songs so that the compositions to recordings if
- 3:36that data hasn't been provided. So they're correct.
- 3:41The money Spotify has the money, it wants to pay the money out.
- 3:44So there's no kind of sense of streaming services holding on to
- 3:47the cash here. But they don't know who's paid
- 3:50to. And they've been historically
- 3:51been lawsuits about this kind of thing about, you know, all the
- 3:54music on Spotify that no one knew who the publisher was.
- 3:58So it varies. So in the in the US for example
- 4:01is a good body cuts up called the Mechanical licensing
- 4:04Collective, the MLC and Spotify and the other streaming services
- 4:08transferred all there. And the phrase here is
- 4:09historical unmatched royalties. So that is money that should
- 4:13have gone to publishers, but they haven't been matched to the
- 4:15right the the recordings. And it was about just under $400
- 4:19million a few years ago. This was this historical one
- 4:22that hadn't been paid out. And this organization started
- 4:24trying to match them. And you can actually go to the
- 4:26MLCS website and if you search for historical match, you can
- 4:29see exactly how much every service is paid.
- 4:32So Apple paid about $148 million.
- 4:34Spotify had $146 million. That's how much money they had
- 4:38that they just haven't been able to pay out.
- 4:41So that's that that in the US, that's what happens.
- 4:43They've got this, they've tried to sort this out by setting up a
- 4:45body. It's also a part of the work
- 4:47that collecting societies do, trying to match recordings to
- 4:50works to songs to get somewhere. And this is where they, you,
- 4:54you, you mentioned the phrase black box and the question, this
- 4:57is where you hear this phrase black box royalties, which is
- 4:59potentially royalties. We don't know who to pay them
- 5:00to. And in the collecting societies
- 5:03world, sometimes those are then after a certain period of time,
- 5:07whether it's like 2-3 years, they'll be shared out based on
- 5:10market share often. So if publisher X has 10% of the
- 5:15publishing market, they'll get 10% of that black box.
- 5:19And the controversy around that is, well, if a publisher's got
- 5:21that much of the market, it might, it probably has all this
- 5:25data, it's more likely to be his data sorted than an independent
- 5:27publisher or songwriter. So the argument is maybe a lot
- 5:30more of these black box royalties are for independent
- 5:32publishers and songwriters than the big guys, but the big guys
- 5:34might be getting that money. So if you hear people arguing
- 5:37about the black box, that's often what they're arguing about
- 5:39is whether it's fair to how do you divide it up?
- 5:43So in a sense, yeah, this this money just sits there.
- 5:46Whether this money is sitting within Spotify or whether it's
- 5:48within intellectual society, it sits there unable to be paid out
- 5:53until someone either works out OK, this song relates to that
- 5:57recording. So we can pay these many
- 5:58royalties out to those publishers or they they just get
- 6:03to a certain time and they pay it out based on market share,
- 6:06for example. But this is one of the areas
- 6:09actually we talk about AIA lot in a negative context, don't we,
- 6:12about AI making music. But the people we had, we had a
- 6:16Musical Eye publishing summit recently and one that there was
- 6:18a big panel on AI and people were saying, actually AI can be
- 6:21helpful here. AI technologies can help us scan
- 6:25all the data we get from a streaming service and try and
- 6:27match works to songs, to recordings.
- 6:30So there's a bunch of companies now saying, well, maybe we can
- 6:33use AI for this to make to kind of get to the heart of who wrote
- 6:37what song and to pay them. So we could see an improvement.
- 6:42We could see actually that that kind of technology helping
- 6:44Spotify to pay out that money. Which I mean, can you, I
- 6:48presume, can you, if you find that one of your songs has been
- 6:53uploaded by the distributor but the credits have failed to
- 6:55appear, can can you rectify that situation or do you have to take
- 7:00it down and put it back up again?
- 7:02And I think so if you're if you're the artist, you can, you
- 7:06can. Well, it depends on how your
- 7:07distributor works. But yeah, you would then say to
- 7:09you that this is the correct, this is the matter that's
- 7:11missing. Can you re upload it on
- 7:14Spotify's website? There's actually a whole service
- 7:16they have called Spotify for publishing.
- 7:18So publishers can have an account with Spotify, which
- 7:20includes the ability to send their data to the company and
- 7:22say these are the works we represent.
- 7:25Because that's the other thing. It's one thing knowing who a
- 7:27song, who wrote a song, but you also need to know well what
- 7:30publisher they signed to. And and also important is the
- 7:34splits. So say four people have written
- 7:37a song to pay out that money, a streaming service needs to know
- 7:41well that songwriter has 40%, that songwriter gets 20%.
- 7:45And that is another minefield of again, at this conference we
- 7:49had, there was a big discussion about how that data sometimes
- 7:52isn't there, Like people might write a song in a room together
- 7:55and it gets released, but they haven't agreed who gets 40%, Who
- 7:58gets 20%? There was actually a talk
- 8:01someone wants to wait. It wasn't about, it was about
- 8:03YouTube royalties. This guy from a company called
- 8:05Orpheum, which collects YouTube royalties from positions.
- 8:08He said as much as 30 to 40% of the publishing royalties can get
- 8:11stuck in the system. So like 10s of millions of
- 8:13dollars because the splits for a song don't add up.
- 8:16Like they've been sold. Oh, so and so's got 40%, So and
- 8:19so's got 30%. So and so's got 40%.
- 8:21And that's 110. And in that case, if you're
- 8:25YouTube, you go, well, I don't know who to pay here.
- 8:26This, this is not right. So there's two, yeah, two
- 8:31strands of discussion here. So one strand is, OK, how do we
- 8:34how do we match songs to recordings and pay the money out
- 8:36to the right people? And the other is actually people
- 8:38talking to songwriters and artists from the very first
- 8:41moment they're writing a song to think about this and to say,
- 8:45right, think about your metadata, think about how the
- 8:48splits are, write it down. Make sure that whenever you,
- 8:52whatever happens with this song, that that the, the information
- 8:56goes with it on who wrote it and who their publishers are.
- 8:58And there's a lot of activity going on around that.
- 9:00Because that's, that's the other kind of maybe the gap is that if
- 9:03you're a musician, you're kind of writing a song on being
- 9:05creative. You don't necessarily want to
- 9:06sit down with a notepad and, and thrash out who owns what share
- 9:09of it. But it turns out if you do do
- 9:12that, that that that's like to stop you being in a situation
- 9:16where you're not getting paid for it later on because someone
- 9:18like YouTube or Spotify doesn't know who to pay.
- 9:20Yeah, I mean, I'm surprised, having thought about it and
- 9:23thinking about it now. Now you've explained it, that
- 9:26there aren't any, you know, there aren't more historical
- 9:29lawsuits going on between songwriters who, you know, have
- 9:33gone back and said, no, actually, you know, I'm thinking
- 9:37of somebody like the police or somebody.
- 9:38No, no, I wrote actually, I wrote 40% of message in a bottle
- 9:43or actually thinking about it, I wrote 90% of Can't stand losing
- 9:48your wife or whatever it is. Do you see what I mean?
- 9:51I mean, this is so that's a minefield.
- 9:53I mean, there's enough, I mean, there are enough court cases
- 9:55anyway amongst musicians on there who say, oh, actually
- 9:59that's my song and I should get paid for this.
- 10:02But yeah, given the complications of this now.
- 10:06But also, I mean, if you think we talk a lot about catalogues
- 10:08being sold, don't we? So a songwriter, so when a song
- 10:12is uploaded or a recording is uploaded to Spotify, this, this
- 10:15one of the songwriters may be signed to a certain publisher or
- 10:18may have, you know, 10 years, 5-10 years later, those rights
- 10:22may be run by a different publisher or they may have sold
- 10:24them to an investment company or so again, it's a, it's a really,
- 10:28it's just a logistical minefield of complexity.
- 10:32And so in a sense the the streaming services are rarely
- 10:37the villains here because they want to pay that money out.
- 10:40There's really no like if they're holding onto it, it's
- 10:42just in an account being held onto, they're not doing it.
- 10:45They're not kind of using it. They want to pay it out, but
- 10:49they don't want to pay it out to the wrong people.
- 10:50And that's the other thing I think is that I saw a session
- 10:54recently, a conference, and they were talking about one of the
- 10:57ways people try and commit fraud in music is by saying, well,
- 11:00those royalties are mine. There's a famous case on YouTube
- 11:02a couple of years ago where a bunch of Latin American artists
- 11:05think, including Bad Bunny or his songwriters, like their
- 11:09royalties have been claimed by someone else who said, yeah, we,
- 11:12we could. So there's a lot of scope for
- 11:14kind of mistakes and problems. Yeah.
- 11:17When when you see, when you. Yeah.
- 11:19This is why you might go spot by and say who wrote, who wrote
- 11:22this song Knocking on Heaven's Door?
- 11:24Oh, they don't know. Well, I do, But in that case it
- 11:27would be the person who uploaded it who didn't include that.
- 11:29Information OK, thank you very much, Richard.
- 11:33This is from Matt in Sudbury, just down the road from where I
- 11:36grew up. I used to go, Matt, I used to go
- 11:38to, not there anymore, but there used to be an outdoor swimming
- 11:41pool in Sudbury which I used to go to in the 70s.
- 11:44Although more importantly, I bought my copy of Identity, the
- 11:48X-ray spec single at a record shop in Sudbury.
- 11:51Anyway. Hi Stephen Stewart, you've
- 11:53spoken a lot about how touring costs for artists have increased
- 11:57and the effect this is having on ticket prices.
- 12:00But I was wondering why ticket prices can vary so much at the
- 12:04same venue when costs are presumably the same?
- 12:08Maximo Park and Suede for instance have both put put tours
- 12:12on sale today. Both bands are playing at
- 12:15Cambridge Corn Exchange, lovely venue next February, but a
- 12:19standing ticket for Maximo Park is £36.50 and for Suede it's
- 12:24£45.50. So they're both five piece bands
- 12:28so presumably we'll have similar costs to put the tour on, but
- 12:33also a quick Google says that the venue has a capacity of
- 12:361400. So doing the maths says Matt.
- 12:40If they sell out that means Suede will be making an extra
- 12:43£12,600 that night. No criticism to either band as
- 12:49Matt I'm a fan of both and you guaranteed a great show from
- 12:52both of them, but I'd love to have your thoughts on where the
- 12:55extra 12 grand a night is going. Thank you, Matt in Sudbury.
- 13:00I mean, I did think of emailing Dids Dids Dids Hammond, which is
- 13:05a name you might remember. Dids was a member of Cooper
- 13:07Temple clause and then he was in dirty, dirty pretty things with
- 13:12Carl Barat. But he's now one of Suede's Co
- 13:15managers. So put a final of this.
- 13:18Where's where's the extra 12 K going?
- 13:20But might have been construed as being a bit rude anyway, I mean,
- 13:23to be honest. So I think it's, I mean, it's
- 13:25not this specific examples, although we'll get to those in a
- 13:27second, but I'm going to try and explain it, Matt, in slightly
- 13:32broader terms. And I will say this, I mean,
- 13:35prepare for this answer to be more complicated than you may
- 13:39have thought because simply because there are so many
- 13:43factors behind how ticket prices are set.
- 13:47And they're all quite interlinked to the point where
- 13:50when I was drafting an answer for this, I found myself going
- 13:52round and round in circles. But we'll give it a go.
- 13:55So well, let's start with the two gigs you mentioned.
- 13:58So think about all the variables for a start.
- 14:01Amongst them, how much will these are the questions that
- 14:05people are asking themselves. That goes in the process of
- 14:08where do we, where do we set the ticket price?
- 14:10How much will an audience pay to see the bands, which I mean,
- 14:15which is to say, what are they? What are they worth?
- 14:17What's the market right for them?
- 14:19So think about that. That's one question.
- 14:22What where's the what's the biting points?
- 14:25Where, where your ticket price makes as much money as you can,
- 14:29while at the same time you're still confident that you will
- 14:33sell out the gig. That's, that's the balancing act
- 14:36that you have to get rights, which I mean, will also take
- 14:40into account, you know, how much money the bands are looking to
- 14:43make themselves and what the, what do they think they're
- 14:47worth? As well as a band might think,
- 14:49well, we must be, if they're worth £30, surely we're better
- 14:52than them. We should be paying, we should
- 14:55be charging 40 lbs. But yes, think about, think
- 14:59about where the, where the price point, the perfect price point
- 15:03is that's in the conversation. And what's the paycheck for the
- 15:07band going to be at the end of a tour.
- 15:11So they will then have a conversation.
- 15:14And when I say they, there'll be a conversation between the
- 15:17manager of the band and the agent and the promoter who will
- 15:21all have, you know, views on what the ticket price should be.
- 15:25While obviously the same time the manager will be saying, you
- 15:27know, well, it's it's going to cost us this much to do the gig.
- 15:32And that's where you start taking a whole nother raft of
- 15:35variables because just different bands will have different size
- 15:41cruise, for a start. Maximo Park might be, you know,
- 15:45going around with three people. Suede might have 5.
- 15:48They'll be spending different amounts of money on the
- 15:51production of the show. I mean, you know, I'm not saying
- 15:53Suede or Maximo Park will have confetti cannons or pyros, but,
- 15:57you know, which obviously would add to the bill.
- 15:59But certainly, as I say, Suede might have a bigger crew.
- 16:03Suede might want to travel in a nicer, more expensive tour bus,
- 16:08or one of the bands might be in a Premier Inn, one of them's in
- 16:12the Malmaison. You kind of don't know.
- 16:14But it's also it's all that sort sort of stuff that will affect
- 16:18the cost to the band of going on tour.
- 16:21And so when it comes to crew, are you going to take a guitar
- 16:23tech and a drum tech? Are you going to have a sound
- 16:27man and a lighting person or just the sound man?
- 16:30Are you, are you happy to let the in house lighting guy or
- 16:34person do do the lights for you and shave a little bit off your
- 16:38budget? How many people are on that tour
- 16:40and if and if you know, certainly the bottom level, if
- 16:43your tour manager can drive and also double up as guitar tech,
- 16:46you can save some money because that's one less person who's,
- 16:51you know, who's part of the the bill that you've got to pay.
- 16:55So when you hear stories, particularly as bands starting
- 16:59out of managers going out on tour with their bands, it's not
- 17:02just to make sure that they're behaving themselves.
- 17:04It's probably because the manager of the band is doing
- 17:06some of the driving so they don't have to pay a driver.
- 17:09So that's sort of cost. How how am I doing so far?
- 17:12You're with me so far, Stuart. I was with you until I got
- 17:15distracted by thinking of sueding the Premier Inn.
- 17:17But yes, that all makes sense so far, yeah.
- 17:21So, so these are all the variables.
- 17:23So there's so many different costs variables when it comes to
- 17:27totting up how much it's going to cost a band to go on tour,
- 17:31right. So as mentioned conversation
- 17:33then so the, the, the manager and the agents, you know, will
- 17:38have, they'll have an idea of what the costs are going to be,
- 17:41what the ambition for the tour is, I guess.
- 17:45And then they sort of get discussed at a meeting of the
- 17:49main players, the promoter, the agent and the band manager
- 17:53possibly for this, I contacted our secret agents, who, I mean,
- 17:59for the uninitiated, our, our secret agent is a very
- 18:03experienced live agent who has worked with a lot of bands, big
- 18:06and small. So he's well placed to, to give
- 18:09us information on this. But they said when it comes to
- 18:13selling the ticket price and I'll, I'll, I'll quote them.
- 18:16There are many ways to do this but mainly it's decided between
- 18:20all parties. Band, agent, promoter.
- 18:22When discussing the offer, obviously you will have an idea
- 18:26as an agent what is needed to pay for the band to go on tour
- 18:30with all their associated costs. So crew, transport,
- 18:34accommodation etc. But it's obviously not just the
- 18:37band and their costs that needs to be covered by the ticket
- 18:41income, it will be all the aspects of the show.
- 18:45So to add to what you have to pay the band out of the ticket
- 18:49price to cover their costs. You also have to take into
- 18:52account, particularly if you're an outside promoter, then you
- 18:56hire Pam, lights, brackets, engineers, relevant staff,
- 19:02insurance, you've got to pay for the insurance.
- 19:05There'll be the dressing room, riders, catering and the
- 19:09marketing of the gigs. So think about all that as a
- 19:13till roll, as I say. I mean if you're an in house
- 19:16promoter, you don't have to pay some of those costs.
- 19:18But if you're an outside promoter, if you're Live Nation
- 19:20or Kilimanjaro, AEG or whoever it is, then you obviously you'll
- 19:23need to rent the venue as a starting point.
- 19:27But those, those are, those are the costs.
- 19:30In fact, our inside source went on to say the bigger the shows,
- 19:35the bigger the production costs, hence the higher ticket prices.
- 19:38Still with us? You're now you've now got this
- 19:44glazed look of oh crikey, how much of this is there?
- 19:49Yeah, it's detailed, but it's all very logical.
- 19:51Yeah, I mean, it's that makes sense to.
- 19:54Me carry on bigger gigs, obviously more money to be made
- 19:56but also more risk to be taken by the promoter.
- 20:01You have to take that into account and again, This is why
- 20:03it's so important to get the ticket price right.
- 20:07It's got to cover all the costs. But you know, one wrong move,
- 20:11particularly on a big arena gig and you are in so much trouble
- 20:16because you know, if an artist gets over ambitious or
- 20:19overconfident and attempts to play a venue that's too big for
- 20:21them, well, the venue is the right size but the ticket price
- 20:24is too high for the fans. Then you don't sell out.
- 20:27And of course then the promoters in a world of pain.
- 20:29But anyway, coming back, Matt, to your example back at the Corn
- 20:33Exchange in Cambridge. And in answer to the question,
- 20:36so it might not be that Suede have walked away with 12 grand
- 20:40more. It might be that their tour
- 20:43costs are 12 grand more or that after, you know, or that their
- 20:48fee after costs is possibly more than Maximo Park will be
- 20:52guessing, particularly given Suede's current resurgence.
- 20:55They're probably worth a fair few Bob now, I guess in a in a
- 20:58fee. I know.
- 21:00But the the one thing I did go and have a look, although it's
- 21:04obviously a a higher priced ticket, the suede geeks already
- 21:08sold out while I think there are still tickets left for Maximo
- 21:11Park. So yeah, a lot of variable costs
- 21:14to be taken into account. And I mean, as much as I'd like
- 21:18to to go into other direct comparisons between ticket
- 21:21prices, every tour is different. I think that's the thing, like
- 21:25away from this man, every tour is different, will cost a
- 21:28different amount of money to put on.
- 21:31Having said that, you know, you do get to a point where it's the
- 21:35certain bands I think playing similar size venues, ticket
- 21:40prices sort of roughly start to match.
- 21:43So if you look at Maximo Park, their ticket price in London is,
- 21:47is £41.00. I think in London they're doing
- 21:50Brixton and our secret agent said 41 lbs.
- 21:54That's a, that's pretty much a standard ticket price for
- 21:57Brixton Academy. For comparison, I think Black
- 22:02Star standing tickets, 54 everything, everything is also
- 22:0641 lbs. A pendulum in the seats, that's
- 22:1049. Newton Faulkner standing
- 22:13slightly cheaper, 38 lbs. So it's, it's a complicated kind
- 22:18of equation this, but you will find tickets sort of finding a
- 22:22finding a level, which I guess is partly down to audience
- 22:26expectation really, because you kind of look around and go,
- 22:29yeah, that's probably a £40 ticket.
- 22:31Because the other time I went to Brixton, that was a £40 ticket.
- 22:35And you're only going to you're going to set up notice if your
- 22:38favorite band is suddenly charging somebody 5 lbs when
- 22:41everyone else is charging £40. But that's this is the equation.
- 22:45How much can we charge minus how much we need to spend plus how
- 22:51much do we want to earn equals ticket price.
- 22:56There you have it. Any live music touring
- 22:58professionals who would who who have anything you'd like to add
- 23:02to this. Or indeed a much better way of
- 23:04explaining this than I possibly have just done.
- 23:07I think that was perfect. Great, get in touch.
- 23:09Does it make sense? Does that make sense to you?
- 23:11It does. And I think like you say, it's a
- 23:13because we've talked something about bands struggling and it
- 23:15comes down to some of those costs you can't control.
- 23:18Like you can control how much pyro you have or don't have, but
- 23:21you can't control the cost of petrol or Jones and that.
- 23:23So it makes sense then, because then if your costs only shoot
- 23:27up, but you've already set the ticket price, you're, you're in
- 23:30trouble, aren't you? Even if you have sold out a
- 23:32venue, suddenly your costs can increase.
- 23:34Well, yeah, well, if you've if you've organised your your yeah,
- 23:37because you all have agreed a fee, won't you?
- 23:40As the as the band, the agent will have gone and negotiated on
- 23:43your behalf, your fee. And that's your fee.
- 23:46But your fee, yes, will have to cover costs of yeah, imagine
- 23:50arriving in town where there's a big event and you haven't
- 23:52realised that your gig is the same weekend as an international
- 23:55football match and you can't buy a hotel room for less than 100
- 23:59lbs when it should have cost you 50.
- 24:01Yeah, that's, that's one of the problems.
- 24:03But you will, you'll have your fee.
- 24:05There'll be all the cost to, you know, obviously everyone else
- 24:08who's, you know, putting the gig on right down to, as our agent
- 24:12said, you know, marketing and everything.
- 24:14So all this has to come out of a ticket price.
- 24:16It's amazing how much, how many different places your ticket
- 24:21money that you have paid, the money you have spent on that
- 24:24ticket, how many different places that money will will end
- 24:27up eventually. I think that's, that's the
- 24:29point. But it's, yeah, it's it's a,
- 24:34it's slightly more complicated than I thought it was going to
- 24:37be when I saw that question originally.
- 24:39mattbutthankyouverymuchpriceofmusicpodcast@gmail.com is the e-mail address for your
- 24:50own questions because I've banged on quite a long time with
- 24:54that one. I don't think we're going to get
- 24:55through another one in this episode, but we will hold onto
- 24:59the enquiries we've had so far and we'll do another one of
- 25:02these sooner rather than later. So do keep your questions
- 25:06coming. As I say, it's the price of
- 25:08music. podcasts@gmail.com. And can I just mention here that
- 25:13we have a bonus episode arriving for you later in the week, which
- 25:19will be my interview with Lord Kevin Brennan, who is leading
- 25:25the fan LED review into live and electronic music, collecting the
- 25:31thoughts of music fans in a survey, the results of which
- 25:35will then be presented to government.
- 25:38It's an amazing opportunity for for us all to participate and
- 25:44try to shape the discussions around music at government
- 25:49level. We'll talk more about that on I
- 25:53think it will be available on Friday.
- 25:54That episode, although Patreon superfans, you can hear it right
- 25:59now wherever you listen to our extra bit of the show.
- 26:03So where the locking would usually be.
- 26:05You can listen to that Kevin Brennan interview already,
- 26:08right? Thank you very much for
- 26:10listening this week. We're here every Wednesday.
- 26:13As I always say, if you like what we're trying to do, please
- 26:16tell your friends or colleagues, leave us a review online or pick
- 26:19us up on your socials. Alternatively, to become a super
- 26:23fan and support the show with a few Bob, you'll find details of
- 26:27how you can sign up at patreon.com/the Price of Music.
- 26:31Thank you once again for your time.
- 26:33Nice to see you Stuart. See you next week.
- 26:35Look after yourselves everyone. Bye for now.