Rolling Stones promoter denies band cut ticket prices for US gigs

"The fact is, the tour is doing great and we have no problems whatsoever," says company's co-president

Rolling Stones promoter denies band cut ticket prices for US gigs
The promoter of The Rolling Stones' current US tour has denied reports the band have been forced to cut ticket prices in order to get fans to attend the shows.

It was reported recently that the band had failed to sell-out the allocation of their high-priced tickets $600 (£380) for their opening night at the Staples Center in Los Angeles, so they released more $85 (£55) tickets to fill out the arena.

However, in an interview with Billboard, John Meglen, co-president of AEG Live subsidiary Concerts West said the tour was selling well and on course to make a gross profit of £65m. "It's unfortunate in our business that everybody wants to be cynics," he says. "The fact is, the tour is doing great and we have no problems whatsoever." Meglen added that any price cuts were part of AEG's "flex price" strategy to keep tickets out of the hands of touts and secondary ticketing agencies. "There are no $600 tickets turning into $85 tickets, I can assure you of that," he said.

Meglen also says the band sold over 20,000 of the $600 tickets across four gigs in LA. "Did we hit a point where we ran out of people that would buy at $600? Yeah," he said. "But why can't we do the 'market value’ thing? Why do we have to let the market value proposition live with the scalpers? Why should, in my estimation, $3 million go to the brokers, instead of the artists, in every one of these markets?"

The Rolling Stones have suffered no problems with selling out shows in the UK with tickets for their upcoming gigs at London's Hyde Park, priced between £95 and £300, being snapped up in minutes. The band are also set to headline the Pyramid Stage at this year's Glastonbury Festival.

The Rolling Stones have also announced the release of the Brussels Affair box set, a recording of the band's 1973 show at Brussels Forest Hills Arena in Belgium. The package comes complete with the recording on 180-gram vinyl, a limited-edition book of photos by tour photographer Michael Putland and words by Nick Kent plus a tour lithograph and a tongue-and-lips-styled watch. The set is available now, with prices starting at around £500.

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