Gig economics, Eco anxiety, IVA regulation
Ticket prices for the biggest music concerts have risen again this year, are music fans still prepared to pay them?
Ticket prices for the biggest music concerts have risen again this year. According to live entertainment trade magazine Pollstar, the average ticket price for the top 100 world tours was $90 in 2018, and has increased to just over $92 in the first half of this year. 27 out of the top 100 touring artists had average ticket prices over $100. We look at the economy of music tours, how much goes to the artist, the promoters, and the venue? And will music fans continue to pay increasing amounts of money to see their musical heroes?
Whether it's David Attenborough at Glastonbury, MP select committees, or teenage protestors, the impacts of climate change are being widely discussed and reported on. While it's increasing awareness, what impact is it having on mental health? Eco-anxiety is not formally recognised by the medical community, but some mental health professionals say they've been seeing more patients with high levels of stress over climate change.
The government's Insolvency Service has launched a consultation on how insolvency practitioners are regulated. If you're struggling to pay your debts, one option is an IVA - or Independent Voluntary Arrangement. It involves reaching an agreement with your creditors to pay back some of the debt over 5 years. In 2018 over 70,000 new IVA's were registered, the highest number on record. There are concerns that the market is increasingly dominated by big 'high volume' firms, last year the top 8 firms did 80% of the IVA agreements. The government will be looking at whether these big firms need to be regulated in a different way, following a report that found evidence of poor debt advice being given by insolvency practitioners.
Presented by Winifred Robinson.
Produced by Beatrice Pickup.