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I saw on FastCompany that Live Nation is wiring some of their venues for livestreaming and wondered what, if any impact it may have on the way performing arts venues operate in the future.
This is potentially a brilliant business move, because not only will livestreaming repeatedly capture superfans who would happily spend an evening and $120-$600 on tickets, but it will increase access for fans whose towns and budgets do not align with tours. Perhaps more critically, it will reach the many (many) semi-fans who would not tromp through crowds to see Pink, but would totally pay $15-40 to project her onto their living room wall.
Here are some of the things this got me thinking-
Pretty much at every community in which I have worked, people will complain there is too much they want to participate going on at the same time and they wish organizations would coordinate their calendars. (Of course there is often an overlap with the people who say there is nothing to do in the community.) Am I going to be in a position where I not only have to worry about what is going on in immediate area, but also a big event 300 miles away that people who live in a 10 mile radius of my venue are staying home to see?
There is plenty of precedent for this in relation to college sports. I have frequently been advised not to program during home football games of universities 200 miles away, during NCAA finals and similar events. Now granted, I don’t have empirical evidence this is a factor since it is difficult to survey people who chose not to come, but these events are frequently cited as a reason for low attendance.
Another concern is that performers may see less of a need to tour so extensively if they feel live streaming is extending their reach to people who live in the spaces between major markets, but won’t travel that far to see the show. Touring isn’t cheap or easy so it isn’t inconceivable that performers will skip places that may have gone in the past, especially if any sort of formal or informal social distancing conventions persist in the coming years. That decision will rob many communities of the economic impact of those tours.
The negative impact of casinos showrooms on performing arts venues has been widely acknowledged due to their ability to pay performers extremely well and require non-compete clauses over a broad geographic radius. I am not sure that Live Nation venues would require similarly large radii given the appeal of livestream broadcasts are not geographically bound, but performers feeling satisfied they are reaching who they need to reach via livestream may inadvertently have the same effect.
Now granted, this last hypothesis while possible, may not manifest. If there is enough perceived demand in smaller markets, touring groups are likely to make more money with a live performance than they would from streaming it 200 miles away. In fact, the streaming may increase the interest in seeing the liveshow.
As with so many things, its the unanticipated impacts of trends for which one needs to remain alert. Even if you don’t see your operation as being on the same scale as those of Live Nation’s, the ripples may impact you just the same. I can see plenty of positive potential as well as other performers move to fill in the gaps and find themselves thriving.