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PJ Premium
18,000 - approximate average nightly capacity for the 9 stop 2023 tour
1,800 - nightly PJ Premium seats (advertised 10%)
$160 - approximate average price per standard ticket (including TM fees)
$500 - estimated average PJ Premium ticket price (based on PJ 2022 tour)
$612,000 - addition PJ Premium revenue per show ((500-160)*1,800)
$34 - PJ Premium gain averaged over all seats (612,000/18,000)
$194 - average price per ticket (including TM fees) to completely eliminate PJ Premium and allot an addition 10% of seats (many the best in the house) to 10C lotteries.
Who says no?!
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Yes, I'd say they could safely raise the highest quality seats (pit, floor, lower, and if applicable maybe even club) to $225 without anyone batting an eye.
If they raise the upper level from $160 to $195 - 225, that wouldn't make sense imo.
They need to raise the top end of tickets to $225 and hold the bottom half of seats flat to make it make sense and the math work.
I personally would be more than good with that.
Two tier system going forward,
Floor, Lowers, and Club (if applicable) - $225 all in - assuming 2/3rds of arena = 12,000 * (225-160) = +780,000
Upper Level - $135 all in - give back - 6,000 * (135 - 160) = - 150,000
Nets them $630,000 with no PJ Platinum
Let's speak it into existence
PJ Premium gain averaged over all seats should be = (612,000/(18,000-1,800)) ?
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Thanks for doing the math for us.
Yes, I'd say they could safely raise the highest quality seats (pit, floor, lower, and if applicable maybe even club) to $225 without anyone batting an eye.
If they raise the upper level from $160 to $195 - 225, that wouldn't make sense imo.
They need to raise the top end of tickets to $225 and hold the bottom half of seats flat to make it make sense and the math work.
I personally would be more than good with that.
Two tier system going forward,
Floor, Lowers, and Club (if applicable) - $225 all in - assuming 2/3rds of arena = 12,000 * (225-160) = +780,000
Upper Level - $145 all in - give back - 6,000 * (145 - 160) = - 90,000
Nets them $690,000 with no PJ Platinum (pretty close to the $680,000 I calculate on a revised basis for PJ platinum)
Let's speak it into existence