The Business of Pearl Jam
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quimby20 wrote:Edved007 wrote:In grad school I actually remember Pearl Jam being referenced in a text book regarding how many "albums" they have been able to sell. They were counting all studio albums, LD, and all the bootlegs they could count. After thing gig with Epic was up I don't know how much data there is since they don't need to really share it any more, but it was staggering that through their release of every show how many times the cash register was pulled. You can not aruge that by the release of the boots and creating almost a false demand by all the limited merch that it creates an amazing business model... and you can bark all you want about secondary market prices because they don't relase more of an item, but it creates the buzz and the demand for the prodct, and they have been able to sustain that like no one else. it's actually incredible.
I'm not doubting Bruce's longevity or sustainability, but I went to his show at Wrigley in 2012 and all I'm saying is I don't remember people in 5 hour lines at 4 different merch tents 3 days before the show. When it comes to merchandize PJ is in a league so far on their own it's crazy…and from a money making perspective, the margins destroy anything they get from concert tickets…. I would LOVE to know how many thousands (probably millions) where taken in for Wrigely merch alone.95' - 7/9
98' - 6/26, 6/27, 6/29, 8/26, 9/22
03' - 4/25
06' - 6/29, 6/30
07' - 8/05
09' - 8/23
11' - 9/03, 9/04
12' - 9/30
13' - 7/16, 7/19, 10/21, 10/22, 11/15, 11/16, 12/06
14' - 06/28, 06/29, 10/1, 10/03, 10/16, 10/17, 10/20, 10/22
15' - 11/20, 11/22
16' - 4/21, 4/26, 4/28, 4/29, 5/1, 5/2, 7/9, 8/5, 8/7, 8/20, 8/22
17' - 4/7
18' - 7/1, 7/3, 7/5, 8/8, 8/10, 8/18, 8/20, 9/4
21' - 10/1, 10/2
22' - 7/12, 7/14, 9/6, 9/80 -
Interesting thread with some good observations.
Regarding Ticketmaster, they where hung out to dry by the rest of the music industry. There was a deafening silence from the industry in support of fighting a monopoly. Unfortunately nothing has really changed but the band brought awareness to a real life issue that continues still.
Bootlegs professionally recorded is not new but releasing entire tours was and is unique.
Following the influence of Neil Young, their insistance on releasing every album on vinyl and preserving the wonderful warmth of analog recording stayed true to a course that has become popular again.
Lastly the idea of commissioning poster artists for unique one time posters for each show is another redeeming revenue flow that is appreciated by both consumers and creators.
All these points do reinforce the notion that their business sense has mirrored their professional persona without too much compromising along the way. May not be juicy enough for a book but maybe a business school thesis.0 -
Springsteen plays 3x as many shows. Has been playing 3 hour shows for 30 years. As for Merch... It's nice to go to a show and not stand in any lines especially if you have GA's0
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