“Rescheduled” Buffett

[atmarler26]

Why would any musician go out on the road if they're going to lose money?

Jimmy Buffett already has more money than 99% of all other individuals on this planet. At this point in his career, he doesn't personally need most of the money that he earns from touring. The reason he keeps on touring is because he wants the Margaritaville business/brand which he owns to continue to be successful, both right now and long into the future after he eventually passes away. The cost of setting up the equipment and everything to put on a 2021 show at a less than full capacity venue would be more than worth it if a) that show will bring joy to millions of people around the world and b) at the same time, it would also bring more attention to his Mville brand which would mean his business is more successful in these trying economic times when people may be less likely to purchase Mville apparel and other merchandise. So it would gain him money in the long term.

[BottleofRum]

There is WAY too much at stake here for Jimmy to still not perform any shows this year even if it becomes safe enough to perform them. His first concert back since COVID will be a monumental occasion regardless of where it is located. The audio of it could be released commercially as a CD and I'm sure it would sell quite well even many years from now. If he waits until 2022 when it is safe enough to do it in 2021, then the significance of the occasion would be diminished.

You say Buffett is losing an audience to other newer acts like Zac Brown which also have cult followings, and then you say he doesn't need the brand recognition? Seems to be contradictory. At a time like this when concerts have been on hold for so long, he needs the brand recognition more than ever. Dave Matthews (I like some of his songs, but not a really huge fan overall) used to play at the Meadows in Hartford every year and that was the hottest ticket around for every single teenager in the Hartford area. There was a ton of partying going on there. But teenagers have never been Buffett's primary target audience- "Please take your 15 year old Girlfriend home", LOL. There are still more than enough diehard PH's out there from the middle age/older crowd that if he played just two or three shows this fall, every single one of them would become a more attractive ticket. I wouldn't even think about actually attending them if masking is still required, but many other people who are more comfortable with it would.

Why would Buffett's first concert back be a monumental occasion to the point that he'd sell CD's of the show. That is comical, I've been a fan since my first show when I was 17 in 1993 and would have zero interest in a CD like this, nobody would. Who cares about his first show back? There would be no significance to it at all except that he be back doing shows. This would be true for every artist.

I get the sense you have a heighten version of Buffett concerts as they are now and probably a bit new-ish to the Buffett scene to understand how high the peak of his concerts were from of the 1990's to the mid 2000's when tickets were impossible to get. $30 lawn tickets selling for $300+, tailgating starting at 6am, 4-5 shows per venue, post-party lasting until the sunrise the next day. Once the crossover groups/artist started to make inroads in the 2000's Buffett concert interest faded and has been fading or years, it is undeniable. Hardcore fans will always be there but the casual fan now has more options and more options means a diluted pool of fans which means and less ticket sales which means few shows which has been the trend for the last 10 or so years.

Not saying he is washed up but outside the Buffett PH bubble his concerts are irrelevant.

[BottleofRum]

Wall Street Journal - Concerts Were Wiped Out During Covid-19. Here’s When They Could Come Back.


Article highlights:

Live Nation the world’s largest concert promoter thinks it can begin staging outdoor amphitheater shows by midsummer. Jay Marciano, chief executive of rival AEG Presents, said he believes full-capacity club and theater shows will be possible this fall.

"A couple months ago I wasn’t sure if it was even remotely possible,” music manager Emily Lichter said of the Red Rocks Amphitheatre show that Lake Street Dive is slated to play at the end of September in Colorado. “Now I feel like, wow, that could happen.” The alternative pop group’s team is exploring whether it can use that show to kick off a fall tour at outdoor venues.

One challenge for the concert industry, said Brandon Ross, an analyst for LightShed Partners, is that restrictions and guidelines are likely to vary by location. Managers, agents and promoters say tours will likely route through more open markets like Texas and the southern U.S. before arriving in more restrictive coastal markets. They also have contingencies in place for breaking off or moving legs of tours.

Full article below.....


Fans could be back at concerts this summer.

Those new projections from music-business leaders are a relief for fans like Jorge Ramos, who has been using Google Docs to track the 20 concerts and four festivals—most postponed or canceled—he bought tickets for before and during the pandemic. The 24-year-old has faithfully held on to tickets for shows that were pushed to an unknown future date (like the Rolling Stones), or back a year (My Chemical Romance, Kiss).

The concert business is counting on avid fans like Mr. Ramos to spark a hoped-for restart this summer and fall after a long, painful pause. Industry executives, who are quick to note their business was among the first to shut down because of Covid-19 and likely among the last to come back, are cautiously plotting a gradual return to live shows as infections appear to subside and vaccination rates rise.

On Live Nation Entertainment Inc.’s LYV -1.46% earnings conference call Thursday, Chief Executive Michael Rapino told investors the world’s largest concert promoter thinks it can begin staging outdoor amphitheater shows by midsummer. Jay Marciano, chief executive of rival AEG Presents, said he believes full-capacity club and theater shows will be possible this fall. Live Nation, whose fourth-quarter revenue dropped 92% from the previous year, saw shares rise 2% this week through Tuesday to push its 30-day climb to nearly 30%.


The comments reflect growing optimism about the availability of vaccines across the U.S. On Tuesday, President Biden said he expects the country to have enough vaccines for all adults by the end of May. Meanwhile, there are moves by states such as Texas to reopen fully, dropping mask mandates and limits on gathering sizes.

Global revenue from concerts, on a tear before the pandemic, rose to $26.1 billion in 2019 before falling to $6.5 billion in 2020.

‘A couple months ago I wasn’t sure if it was even remotely possible. Now I feel like, wow, that could happen.’— Music manager Emily Lichter
“A couple months ago I wasn’t sure if it was even remotely possible,” music manager Emily Lichter said of the Red Rocks Amphitheatre show that Lake Street Dive is slated to play at the end of September in Colorado. “Now I feel like, wow, that could happen.” The alternative pop group’s team is exploring whether it can use that show to kick off a fall tour at outdoor venues.

Chris Tetzeli, partner at Denver-based artist management company 7S Management, said one of his acts spent months considering whether to scrap their 2021 dates. “This week we said, ‘Maybe we should hold on,’ ” he said. “We have more confidence that this will happen.”

Jeffrey Hasson, senior agent on United Talent Agency’s Nashville music-leadership team, said he is optimistic that outdoor tours can happen this summer.

President Biden said Tuesday that there will be enough vaccines available for all adults in the U.S. by the end of May, two months earlier than he had previously indicated, as Merck teams up to help Johnson & Johnson with vaccine production. Photo: Doug Mills/CNP via ZUMA
“As vaccine rollout and testing capacity increases, and it becomes more socially acceptable to do these things, we’ll start to see fall tours indoors as well,” said Mr. Hasson, whose roster includes Dashboard Confessional, Dayglow, Ruston Kelly and Jamey Johnson.

“Within the next month we’re going to see more and more things announced for summer and fall,” he added.

Live Nation said the outdoor amphitheater season could go later into the fall than usual. “We expect people will be willing to put on their puffers to enjoy some shows and make up for lost time,” Live Nation President Joe Berchtold said.


Artist teams, wary after postponing and rescheduling shows, say they won’t announce dates until they are certain they can go forward. Managers, agents and promoters say venues are booked and tour routing between them has been worked out, but the industry is waiting for clearance from authorities before making plans public.

“Pretty much every band we work with has a plan for this year,” said Mr. Tetzeli, whose firm manages 30 artists, including Nathaniel Rateliff & The Night Sweats and Mary Chapin Carpenter.

The wait-and-see approach likely means shorter windows for ticket sales, more like six to 12 weeks ahead of shows rather than five to six months, agents and promoters said. Fan demand for live events appears strong, with 83% opting to hold on to their tickets for rescheduled shows instead of taking refunds, according to Live Nation.

Last week, U.K. authorities said large music events there can resume beginning June 21. Live Nation said it sold 100,000 tickets for its August Reading and Leeds festivals in 72 hours; it sold out 70,000 tickets to its Creamfields festival in 48 hours.

WITH NO SUMMER CONCERTS, IT’S GARTH BROOKS AT THE DRIVE-IN

The industry has experimented with limited-capacity shows, creating socially distant pods for fans to watch from, as well as drive-in concerts during the pandemic. While creative, those were largely stopgap measures. Playing to partially filled venues doesn’t make financial sense long term.

“We don’t see that as a viable model to ramp back up,” Live Nation’s Mr. Rapino said of the partial-capacity shows. “We think we’re close enough, though, where we are with Covid and what all the governors in the states we’re talking to, that there will be a clear outline to a 75% to 100% outdoor green light in 2021.”

While socially distant shows might phase out, executives expect live-streaming to remain a component of concerts going forward.

“If you have a sold-out tour, artists will figure out how to capture that with streaming,” said UTA’s Mr. Hasson.

In addition to deeper cleaning protocols and ubiquitous hand-sanitizing stations, concertgoers can expect lots of touchless technology. Digital ticketing, contactless entry, and purchases of food, beverages and merchandise using mobile phones will be the new norms.

One challenge for the concert industry, said Brandon Ross, an analyst for LightShed Partners, is that restrictions and guidelines are likely to vary by location. Managers, agents and promoters say tours will likely route through more open markets like Texas and the southern U.S. before arriving in more restrictive coastal markets. They also have contingencies in place for breaking off or moving legs of tours.

Whether certain tickets will require proof of vaccination, a negative Covid-19 test or a mask might also vary by market, promoter and venue.

“Will I wear masks? Sure, I do it every day. However, I don’t really see why bands like Pearl Jam would tour while there are still mandates,” said Mr. Ramos, who lives in Austin and expects to see smaller, local acts back in concert before arena shows. “I really don’t see the live-music industry coming back until we all can go back to being extremely close to each other in the pit.”


https://www.wsj.com/articles/concerts-w ... bvZTGyy_VM

[TommyBahama]

^^^
Buffett has struggled to sellout out most of his shows the last several years. It is why he cut back on doing multiple shows in one location. People used to go who really didn't know much about Buffett, they went for the party and the tailgating. Over the last several years more and country crossover acts have developed a Buffett like following geared towards the younger generation who now go to these shows to party and tailgate and hear music they are more into. And with Buffett face value tickets averaging well over $100 a piece a casual fans are not going to pay that much when they can pay that or less to see an artist whose music they like better. It's not a knock on him but the fact is the last few years if you decided the week or day before or day of a Buffett concert that you wanted to go there were plenty of tickets available at face value though the venue or below face value on the secondary market.

I also don't think he will perform any shows if capacity is limited due to COVID restrictions. Buffett doesn't need the brand recognition especially when the cost to put on a show is static for his band, crew, logistics and other expenses.

There is WAY too much at stake here for Jimmy to still not perform any shows this year even if it becomes safe enough to perform them. His first concert back since COVID will be a monumental occasion regardless of where it is located. The audio of it could be released commercially as a CD and I'm sure it would sell quite well even many years from now. If he waits until 2022 when it is safe enough to do it in 2021, then the significance of the occasion would be diminished.

You say Buffett is losing an audience to other newer acts like Zac Brown which also have cult followings, and then you say he doesn't need the brand recognition? Seems to be contradictory. At a time like this when concerts have been on hold for so long, he needs the brand recognition more than ever. Dave Matthews (I like some of his songs, but not a really huge fan overall) used to play at the Meadows in Hartford every year and that was the hottest ticket around for every single teenager in the Hartford area. There was a ton of partying going on there. But teenagers have never been Buffett's primary target audience- "Please take your 15 year old Girlfriend home", LOL. There are still more than enough diehard PH's out there from the middle age/older crowd that if he played just two or three shows this fall, every single one of them would become a more attractive ticket. I wouldn't even think about actually attending them if masking is still required, but many other people who are more comfortable with it would.

Imagine what the secondary market would be like with prices , if you last few words are true.

[Touch O Parrotdise]

^^^
Buffett has struggled to sellout out most of his shows the last several years. It is why he cut back on doing multiple shows in one location. People used to go who really didn't know much about Buffett, they went for the party and the tailgating. Over the last several years more and country crossover acts have developed a Buffett like following geared towards the younger generation who now go to these shows to party and tailgate and hear music they are more into. And with Buffett face value tickets averaging well over $100 a piece a casual fans are not going to pay that much when they can pay that or less to see an artist whose music they like better. It's not a knock on him but the fact is the last few years if you decided the week or day before or day of a Buffett concert that you wanted to go there were plenty of tickets available at face value though the venue or below face value on the secondary market.

I also don't think he will perform any shows if capacity is limited due to COVID restrictions. Buffett doesn't need the brand recognition especially when the cost to put on a show is static for his band, crew, logistics and other expenses.

There is WAY too much at stake here for Jimmy to still not perform any shows this year even if it becomes safe enough to perform them. His first concert back since COVID will be a monumental occasion regardless of where it is located. The audio of it could be released commercially as a CD and I'm sure it would sell quite well even many years from now. If he waits until 2022 when it is safe enough to do it in 2021, then the significance of the occasion would be diminished.

You say Buffett is losing an audience to other newer acts like Zac Brown which also have cult followings, and then you say he doesn't need the brand recognition? Seems to be contradictory. At a time like this when concerts have been on hold for so long, he needs the brand recognition more than ever. Dave Matthews (I like some of his songs, but not a really huge fan overall) used to play at the Meadows in Hartford every year and that was the hottest ticket around for every single teenager in the Hartford area. There was a ton of partying going on there. But teenagers have never been Buffett's primary target audience- "Please take your 15 year old Girlfriend home", LOL. There are still more than enough diehard PH's out there from the middle age/older crowd that if he played just two or three shows this fall, every single one of them would become a more attractive ticket. I wouldn't even think about actually attending them if masking is still required, but many other people who are more comfortable with it would.

Imagine what the secondary market would be like with prices , if you last few words are true.

Doesn't look like Jimmy is worried, looks like he is enjoying the hell out of his free time. So glad it's Jimmy Buffett and the Coral Reefers and not Margaritaville anymore.

[SMLCHNG]

I like Jimmy's music.
I like the Parrothead/BN friendships I've formed. (Including that guy I married).
I don't criticize/care how Jimmy has made his money.
I don't care what Jimmy is doing with his money.
Your mileage may vary.

[SMLCHNG]

Doesn't look like Jimmy is worried, looks like he is enjoying the hell out of his free time. So glad it's Jimmy Buffett and the Coral Reefers and not Margaritaville anymore.

YEP!!!

[lime rickie]

I like Jimmy's music.
I like the Parrothead/BN friendships I've formed. (Including that guy I married).
I don't criticize/care how Jimmy has made his money.
I don't care what Jimmy is doing with his money.
Your mileage may vary.

Ditto

[dnw]

I like Jimmy's music.
I like the Parrothead/BN friendships I've formed. (Including that guy I married).
I don't criticize/care how Jimmy has made his money.
I don't care what Jimmy is doing with his money.
Your mileage may vary.

Ditto

Tritto

[jbfins]

Does anyone know how many people bought "The Songs You Don't Know By Heart" album? I have been trying to find the information but can't. That single number will likely tell you how many people would actually consider buying tickets to a rescheduled Buffett show.

[drunkpirate66]

Does anyone know how many people bought "The Songs You Don't Know By Heart" album? I have been trying to find the information but can't. That single number will likely tell you how many people would actually consider buying tickets to a rescheduled Buffett show.

My college roommate and I both had it.

So at least 2.

[tropicalmindset]

Does anyone know how many people bought "The Songs You Don't Know By Heart" album? I have been trying to find the information but can't. That single number will likely tell you how many people would actually consider buying tickets to a rescheduled Buffett show.

I bought one. I have two other family members that also bought one each

[drunkpirate66]

Does anyone know how many people bought "The Songs You Don't Know By Heart" album? I have been trying to find the information but can't. That single number will likely tell you how many people would actually consider buying tickets to a rescheduled Buffett show.

I bought one. I have two other family members that also bought one each

Up to 5 and counting.

[Dr.Corona]

Does anyone know how many people bought "The Songs You Don't Know By Heart" album? I have been trying to find the information but can't. That single number will likely tell you how many people would actually consider buying tickets to a rescheduled Buffett show.

I bought one. I have two other family members that also bought one each

Up to 5 and counting.

+1 here. Does that certify it any type of precious metal or mineral?

[drunkpirate66]

Does anyone know how many people bought "The Songs You Don't Know By Heart" album? I have been trying to find the information but can't. That single number will likely tell you how many people would actually consider buying tickets to a rescheduled Buffett show.

I bought one. I have two other family members that also bought one each

Up to 5 and counting.

+1 here. Does that certify it any type of precious metal or mineral?

6!!!

And this ain’t Reddit, bud.

[tailgaitingph]

I purchased 2

[drunkpirate66]

I purchased 2

Holy sh*t!!!

Just think where we were just a couple hours ago. Now we are at 8.

[LIPH]

I didn't buy it.

[drunkpirate66]

I didn't buy it.

Oh Larry, you Landshark swilling, cover song loving, song of a gun. No one expected you to own the iconic yellow album.

You enjoy your Tripping Billings and Brown Eyed Girl.

Standing firm at 8. A few more might land us a live show! Keep that vibe positive, BN.

[BottleofRum]

I bought 0 copies. If it helps your count though I buy one. But you'll have to reimburse me.

Conversely I received 4 free CDs of Slack Tide, one CD for each ticket I purchased for the Great Woods, 2020 show. Three of the four CDs are still factory sealed and one day targeted for eBay.