It's common to see people complaining about the price of concert tickets. But is it possible that tickets are actually sold at a low price? That's what the president of the production company Live Nation said.
According to Market Watch , Michel Rapino told investors that concert ticket prices are "a real bargain" compared to the prices of other entertainment options.
Joe Berchtold , president of the production company Ticketmaster, agreed with the statement in an interview.
A study by Bloomberg shows that prices have risen 23% in the last five years. Since 1996, the average ticket price has increased by more than 250% in North America.
READ ALSO: John Lennon's round glasses sell for US$183,000
