Sometimes it seems that older generations got to see more shows — local gigs, festivals, arena concerts. The truth is, they probably did, because shows were a lot, lot cheaper back in the day.

The price of concert tickets has been shooting up in the past decades, doubling or tripling since the 90s, with some noting that tickets have increased tenfold since the 60’s, even after adjusting for inflation.

The perpetual tour

On the one hand, we see big acts undertaking longer and harder touring schedules to try to compensate for falling revenue from recorded music. This is unavoidable, given the drop in sales since music’s pre-Napster heights, but it does have a significant impact. Shows are more expensive, which requires more gear — as people spending more money expect more spectacle, which in turn raises both costs and expectations for the next tour.

The next best thing

Consumers who want live, spectacular entertainment but can’t afford it due to the rising costs of shows also flock to these events as a low-cost alternative. With large acts’ tours rising in price while simultaneously hitting fewer small cities, seeing a show can cost as much as a vacation. While not prohibitive, the increased cost has changed going to a show from an everyday leisure activity to an occasional indulgence.

Fixing the system

At Utopia Genesis, we are dedicated to fixing the system for musicians and consumers alike. By using advanced technology and blockchain-powered solutions and payment rails, we are ensuring that all musicians are compensated fairly for the work they do — meaning more fractional ownership and more stable income from their digital art . It also helps ensure that consumers have access to the music they love.

We believe in unlocking the music industry’s full potential by unifying it all in one holistic space. We call it Utopia — Where music lives.