Ticket Prices 2013-2014
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03-12-2013, 11:26 AM
Join Date: Apr 2004
Location: Other side of the Ri
With MSG now being a publicly traded company and no longer hidden within Cablevision, you have to understand that ultimately, for management, they have to do what's best for their shareholders and not the fans. If they don't enhance shareholder returns, eventually they are out of a job.
Given that this year they are facing cost headwinds from renovation expenses (notice it's now $1B from originally $500m when planned in 08), higher health care costs (national avg cost increase this year is 12%) and likely wage inflation, a 4% increase is not that bad.
Yeah, MSG is different today than it was 5 years ago, let alone 10 and 20, that sadly is just the way things will remain. MSG will continue to sell out simply because they see what demand trends are like. Taking in house the season ticket aftermarket sales with ticketsnow gives them an even better view of supply and demand.
Just for that random comment about Devils Sellouts... Discounted tickets on living social (half price tix, free food and party bag) has worked wonders for them. While they aren't getting full price for the tickets, getting half price and having a body in the seat likely buying beer/food at the arena is better than nothing. MSG donates extra tickets to charity and writes it off.
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