DMB ranks ninth on concert revenue list
The numbers are in and Dave Matthews Band has put their money where their reputation is. Concert tour trade publication Pollstar has once again published its annual list of highest grossing tours in North America and once again DMB has made the top ten, this time coming in ninth with a whopping $51.3 million in gross ticket revenue.
That's slightly down from DMB's 2005 gross of $57 million and ranking of eighth, but Pollstar editor Gary Bongiovanni says that Charlottesville's most famous musical export this year reaffirmed their status as one of America's biggest bands. "It's worth noting that their ticket prices, which averaged $46.64, were significantly cheaper than everyone else in the top 10," he says. "It comes down to the fact that they're a great live band, and their audience enjoys seeing them live because it's not a cookie cutter experience every night."
In fact, in terms of the actual number of tickets sold, DMB's total of 1.1 million was second only to country superstar Kenny Chesney's 1.13 million. The only other acts to crack the million mark were the duo of Tim McGraw and Faith Hill and the Rolling Stones.
Speaking of Mick, Keith, Ronnie and Charlie, the Stones took the top spot for the second year in a row with a 2006 gross of $138.5 million. That means their A Bigger Bang tour, of which Charlottesville was a part in October 2005, has grossed a record-setting $300.5 million in North America alone.
Another local connection to the Pollstar money list is that two tours managed by
Crozet's Albemarle County's Tres Thomas and the company he operates, The Next Adventure, made the top 25: Madonna came in fourth at $85.9 million and Crosby, Stills, Nash and Young grossed $33.5 million for a rank of 20th.
The Top 10 (with dollar amounts in millions) goes as follows:
*came through Charlottesville in 2006
1. The Rolling Stones- $138.5
2. Barbra Streisand- $92.5
3. Tim McGraw/Faith Hill- $88.8
4. Madonna- $85.9
5. Cirque du Soleil- $82.1*
6. Celine Dion- $78.1
7. Kenny Chesney- $66.0*
8. Bon Jovi- $59.7
9. Dave Matthews Band- $51.3*
10. Elton John- $48.9
Update (9:27pm, 01/02/07)
In Rolling Stone's 2006 wrapup issue, which bears an eerie resemblance to The Hook's 2006 wrapup issue, DMB manager Coran Capshaw weighs in for an article entitled "Why Tickets Cost So Much" which asks the question, "Is the concert biz broken?"
Here's a quote:
Many artists continue to fight back against high prices – Pearl Jam, the Red Hot Chili Peppers, and DMB are among the big names who pack houses by staying in the $50 range when they could probably charge much more. But even in those cases, scalpers and brokers resell the cheap tickets for hundreds of dollars more via StubHub or eBay. "There's a viewpoint out there that if these kinds of prices are happening in the marketplace, we may as well look at ways to reclaim some of that income," says Coran Capshaw, Matthews' manager. "Or certainly adjust our pricing accordingly."
He may be right: face value for the Chili Peppers' 1/26 show at John Paul Jones Arena was originally $58.50, but the same tickets are now listed on eBay for up to $399 per pair.