Princeton economist Alan Krueger claims concert ticket prices are
going up up up because record sales are going down down down — but
it’s led to a situation where the top 1 percent of artists are
receiving 56 percent of the total concert revenue.
Professor Krueger says this tendency was spotted by David Bowie,
who told the New York Times in 2002 that “music itself is going to
become like running water or electricity”.
Bowie has advised his fellow performers: “You’d better be prepared
for doing a lot of touring, because that’s really the only unique
situation that’s going to be left.”