BUS P3 MUSIC (live music events in the uk and the businesses operating in these) Flashcards

1
Q

What is a live music event?

A

Live music events cover a range of formats and music genres.

Fans often prefer the experience of seeing their favourite performers live with friends, family and fellow fans

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2
Q

What are outdoor music festivals?

A

A large segment of the market for live music events in the Uk is outdoor music festivals

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3
Q

What are some popular outdoor music festivals?

A

Events include well known festivals such as:

  • Reading and leeds
  • Wireless
  • Glastonbury
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4
Q

What is it like with getting tickets for these popular festivals?

A

Obtaining a ticket for a popular festival is extremely competitive.

Tickets are often released many months in advance of the event and thousands sell out in under an hour in some cases.

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5
Q

How has the price of tickets for music festivals changed?

A

The price of festival tickets has increased over the years.

The price charged by organisers of some of the leading festivals prevents some music fans from attending. Howeverm others feel that these events represent value for money

for £355 in 2024, fans were treated to music from over 100 stages at glastonbury over three days

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6
Q

What are some other costs involved with festivals for fans?

A
  • Car parking: a car parking pass for glastonbury festival costs £55 and is bought at the same time as a ticket
  • Campervan: costs £200 for a standard pitch or £300 for a large pitch
  • Food and drink: some say that food and drink is more expensive to purhcase at a festival
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7
Q

What are some factors that affect the price of tickets?

A

The price of tickets is affected by a range of different factors:

  • The cost of putting the event on
  • The inflation that has affected the running costs
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8
Q

How does inflation affect music events?

A

Inflation does not just affect the price of tickets and operating the events, it will also affect the money that people have to spend on non-essential items such as entertainment, buying music, and attending events.

Inflation can lead to people feeling ‘poorer’ which can lead to reduced demand for music events as people prioritise essential items instead

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9
Q

How do festivals work with media companies?

A

Many festivals now work with media companies to increase the publicity/coverage of the event.

Since 1997 the glastonbury festival has worked with the BBC, which is the festivals exclusive broadcast partner

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10
Q

What media companies host their own festivals?

A

Radio 1 has moved to its big weekend. The event is held over a weekend and held in different UK locations annually.

The event has a lot of coverage across radio 1 and other BBC platforms

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11
Q

Why is coverage of festivals beneficial to companies?

A

Coverage of festivals is often welcomed by festival organisers as a way of generating more interest in the festival and alloiwng fans who were unable to buy a ticket to still enjoy th event from the comfort of their sofa

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12
Q

Why has the commercialisation of festivals been criticised?

A

The commercialisation of festivals has been criticised due to the influence that media companies have on the operations of festivals.

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13
Q

What is an example of this commercialisation criticism?

A

Rock star neil young refused to play at glastonbury festival in 2025 since he said the BBC wanted him to do ‘things in a way we were not interested in’

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14
Q

How does social media have an effect on the music industry?

A

Social medi has a large effect on the music industry in terms of marketing and raising awareness.

It has also helped to introduce new artists alongside developing communities of users who share similar music preferences

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15
Q

What do organisers need to do to operate a successful festival?

A

To operate a successful festival, organisers need to work with stakeholders.

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16
Q

What is an example of someone not operating successfully with stakeholders?

A

Over the years, michael eavis has faced opposition from local stakeholders, since some of his festivals in local areas disrupted local people who lived there

17
Q

Why is sustainability a big concern of many organisers of music events?

A

Sustainability is a concern of many organisers and fans of live music events.

The carbon footprint of a traditional live music event is massive, and going into the future people are becoming more aware of this, leading to organisers needing to find new ways to operate

18
Q

What is an example of a live music event being sustainable?

A

Sustainability has always been at the heart of glastonbury festival,

It is known as one of the most sustainable festivals nad donated to Greenpeace and WaterAif along with other charities with an environmental focus

19
Q

What are some of the ways glastonbury festival is sustainable?

A
  • Waste reduction
  • Sustainable power
  • Electric vehicles
  • Tree planting
  • Less water
  • Fewer events
20
Q

What is a concert?

A

Many performers and bands go on tour periodically and play live to fans at venures.

These concerts are often held in large venues such as arenas, stadiums, conference centres, and theatres around the UK

21
Q

What is an example of a popular tour?

A

Taylor swifts eras tour was one of the most talked about tours of 2024.

She went on tour for 21 months, played 149 shows, produced a concert film.

The tour estimated to have made nearly $2bn

22
Q

WHy was there some negative publicity over the tickets for some concerts?

A

The oasis reunion tickets gained negative publicity over the tickets, since some of the tickets were £350 after the first sale where they were £135

23
Q

How is technology impacting live music events?

A

Technology is revolutionising live music performances.

Modern techonogy can support better sound quality, lighting, and special effects.

AI can also be used to enable a live music event to be more interactive with the audience

24
Q

When were online concerts used?

A

During the covid-19 pandemic live music events could not take place, so some artists turned to online concerts which attracted mixed responses

25
Do most fans support the live streaming of gigs?
Although the excitement and experience of a live event cannot be replicated, technology is supporting the live streaming of gigs.
26
Why is sustainability an imporant concern for live music events?
Sustainability is a concern of many organisers and fans of live music events. The carbon footprint of a traditional live music event is massive. Into the future, as music fans are more aware of this environmental impact, organisers will need to find new ways to operate
27
Which is a band that focuses on being sustainable?
Massive attack have been an influentical band over the years for its efforts to change the music industrys record on climate action
28
How is the band 'massive attack' sustainable?
- All food was vegan - Cutlery used was compostable - All toilets were conpostable - No car park - Electric vans
29
Why is the live music industry a competitive environment?
Businesses in the live music industry are increasingly operating in a competitive environment. Porters five forces can be used to consider the amount of rivalry in a competitive industry environment
30
What are porters five forces that can be used to analyse the competitive environment in the live music industry?
- Threat of substitutes - Bargaining power of suppliers - Bargaining power of buyers - Threat of new entrants
31
What are some businesses that support the operation of live music events in the uk?
- Food and drink sellers - Promotional merchandise producers - Ticket sellers - Sound and lighting technicians - Event stewards - Media
32
What are some of the forms of businesses in the UK music retail market?
- Sole trader - Partnership - Private limited company - Public limited company - Independent business - Natioonal business - Multinational corp
33
What sector are most businesses in the UK music retail market?
Most businesses in the UK music retail market belong the the private sector. The main aim of the businesses is to make a profit
34
What to private sector enterprises often aim to achieve?
Private sector enterprises often aim to make a profit, alongside other objectives.