Friday, March 25, 2011

Analyst Disputes Rihanna Tour Rumors


Last week rumors flew that the U.S. leg of Rihanna's concert tour was in trouble [click here if you missed that]. Not so says someone who bothered to check the numbers...

From Lefsetz Letter
1. There are 56 sold out Rihanna dates in Europe including 9 02’s. Live Nation has the tour worldwide and it’s all cross-collateralized.

(Speak to any touring pro and they’ll tell you that the European business is healthier, that promoters can make more money there.)

2. 64% of tickets for Rihanna’s domestic shows have already been sold. And right now, they’re selling at the rate of 700 a day.

3. Rihanna’s Boston show is four months out. Projections say that 90% of the seats will be sold by showtime. Yes, those are just projections, take them however you want. But there are other inaccuracies in the "Post" story. It states that break even is 15,000 when only 13,500 seats are for sale. And it says that 3,700 tickets have been sold when the actual count is 5,800. Begging where the writer got her information, because it’s so wrong.