Forbes Daily: The Economics Behind Rising Concert Ticket Prices
Google’s frontier AI lab had a major leadership shakeup last week. But the fault lines were visible well before then.
In 2023, Google merged DeepMind and Google Brain, its two premier AI research operations, into Google DeepMind, as it scrambled to keep up with competitors OpenAI and Anthropic. Deepmind founder Demis Hassabis ran the combined division from London, while chief scientist Jeff Dean remained in Silicon Valley.
But it quickly became clear that the center of gravity had shifted toward Google’s headquarters in Mountain View, California. And while the company says it remains committed to London, one former employee based in the U.K. called it the “America-fication” of DeepMind.
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Genomics powerhouse Natera’s stock gained 21% on Friday after what one analyst described as “blowout volume” for its cancer-detecting blood test, minting the company’s executive chairman and co-founder Matthew Rabinowitz a billionaire.
Elon Musk’s net worth surpassed $800 billion again on Friday as SpaceX shares spiked amid a tech stock rally that also included Palantir and Microchip.
The Economics of Concerts Is Squeezing Fans—And Artists
Fans are shelling out hundreds of dollars to see their favorite acts on tour this summer, from BTS to Noah Kahan. But how did live music become so expensive?
The average concert ticket cost just under $133 in 2025, according to data from Pollstar. That’s slightly below 2024’s peak, but well above 2019’s average of $96. And the price of admission to movies, theaters and concerts has risen by nearly one-third since the beginning of 2019, according to the Bureau of Labor Statistics, slightly outpacing inflation overall.
But as ticket prices climb, it’s not just concertgoers being squeezed: The cost of putting on a tour—from labor to lighting, audio and trucks—has surged since the pandemic, explains Joe Sanchez, CEO and founder of 1826 Group, a global experience agency whose clients include A$AP Rocky and My Chemical Romance.
The shift from record sales to streaming has increasingly pushed artists to rely on live performances for their income. While the top touring artists, like Bad Bunny, Lady Gaga, BTS, Ed Sheeran and AC/DC, grossed nine figures between mid-November and mid-May, according to........
