Here's a short list of artists I've been listening to over the last week or so. Click for additional stats on what else I like lately.

On the upstairs porch, at the Mansion on Judges Hill, Austin, TX, 11/9/07. Lonestar beer is the local swill, and is comparable to a Pabst, Stroh's, etc.

Thursday, June 22, 2006

Economics of the Lollapalooza Schedule

Smart of Perry Farrell and Co. to wait as long as possible before announcing the official daily Lollapalooza schedule breakout. All the better to sell more three-day passes. For those of us who don't want to drop $140 (soon to be $150), the patience might have paid off. There is talk that daily will eventually go on sale. Shall I purchase a one-day pass, three day pass, or just say to hell with it? Let's break this bitch down.

For your reference, take a gander at this here grid o'bands. Here's what I'd like to see:

Friday: Eels, The M's, Stars, Ryan Adams, Iron & Wine, Ween (total: 6)

Saturday: Feist, Built to Spill, Calexico, Sonic Youth, Flaming Lips, New Pornographers, Manu Chao, Kanye West (total: 8)

Sunday: The Redwalls, The Hold Steady, Hot Chip, Nickel Creek, The Shins, Of Montreal, Wilco, Broken Social Scene (total: 10)

Important to this experiment is the following catagorization:
Artists you can likely see for $15 or less
Artists you can likely see for $15-25
Artists you can likely see for $25 or more

Let's run some numbers here to see if it's worth the price of a one day ticket, which isn't on sale yet, but we'll go assume it will be $70 after ser-charges. In that case, we'll add the average value for each color, let's say $10, $20, $30 respectively and then divide by half, since most of these groups are only playing 45-60 minutes, or approximately half of a normal show.

The numbers look like this:

Friday: $55 value
Saturday: $75 value
Sunday: $60 value

Now, let's add a $10 emphasis to the groups that I most want to see -- Eels, Ryan Adams, Iron & Wine, Hot Chip, Wilco -- and look at how the math comes out.

Friday: $85
Saturday: $75
Sunday: $80

So Friday then? I gotta say, I'm not convinced.

Comments on "Economics of the Lollapalooza Schedule"

 

Blogger haahnster said ... (6/22/2006 1:29 PM) : 

That's a damned fine little mathematical exercise, Macky. You're obviously a cost accountant/business analyst at heart.

Of course, as a CPA and auditor myself, I'd like to reperform your calculations to ensure the accuracy of said arithmetic. Even more importantly, I'd like to further explore the basis for your underlying assumptions. Of particular interest would be your determination of likely price range for individual shows by each band.

Plus, no love for the Violent Femmes...what up with that?

 

Blogger Mike H. said ... (6/22/2006 2:57 PM) : 

The science behind my figures are pure estamation, though based on some pretty concrete ideas. First off -- I have been to see many of these bands, or seen them on the marquee at local venues around Chicago. I know that when a group plays at the Empty Bottle it's going to be less than $15, usually $10. If a band graduates to playing the Metro, you can expect a price of $15-25, rarely more. $25+ shows start to crop up at your mid-size theaters and arenas.

So basically I color-coded these based on what venue they would play as a solo show. Then took the estimated ticket price that venue might charge.

The only Femmes tune I know is... (what could it be???), and they're kind of a nostalgia thing for this year's Lolla. That's my big beef with Lollapalooza... even though it has a lot of newer artists, it's been very nostalgia driven in the last two years, e.g. the Chili Peppers booking this year, Weezer and Pixies last.

 

Blogger Rob said ... (6/22/2006 6:09 PM) : 

Clearly to attend any day other than Saturday would be a complete waste of time. Kanye, Sonic Youth, Flaming Lips, Manu Chao, plus two you've inexplicably left out, Gnarls Barkley & Blackalicious... Performing my own economic calculations, I say it is Saturday or no day...

 

Blogger Mike H. said ... (6/22/2006 7:29 PM) : 

Ah ha! But Manu is scheduled opposite Kanye! Poor guy, no one will be there.

 

Blogger AC said ... (6/26/2006 1:02 PM) : 

I'll be at Manu...for sure. Hmm...let's see. Watch Kanye wave around his watch high in the air and hear and see the same thing I could at any club in Chicago. Or actually see one of the coolest live music performers around?? Manu it is.

 

Blogger Mike H. said ... (6/27/2006 10:45 AM) : 

Transportation? Dude, I Rollerblade everywhere.

 

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This blog hosts original music and recordings by Mike Hicks.
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