Live Nation CEO Sparks Backlash Over ‘Underpriced’ Concert Tickets Comment

Los Angeles, CA — Live Nation CEO Michael Rapino has ignited controversy among concertgoers after claiming that concert tickets are “underpriced.” His comments came during CNBC‘s Game Plan conference last week, where he contrasted live music prices with those of sports events.

Rapino argued that live music has not been valued appropriately, saying, “In sports, I joke it’s like a badge of honor to spend $70,000 for a Knicks courtside seat. They beat me up if we charge $800 for Beyoncé.” He cited an average concert ticket price of $72 and suggested that this is comparatively low.

His remarks quickly drew criticism on social media, with fans expressing frustration over rising ticket prices. Grammy-winning artist Jack Antonoff, while reacting to Rapino’s statement, expressed that it was “a sick way of looking at it,” highlighting the disconnect between industry leaders and everyday attendees.

According to Billboard Boxscore, ticket prices for the top 100 tours surged over 30% in 2024, averaging $130, marking a significant increase in a short span. Stadium show prices have also risen substantially from $125.10 in 2023 to $140.42 in 2025.

Critics have pointed to the significant disparity between Rapino’s cited average and the reality fans face at the box office. Previously, Rapino has emphasized that the resale market demonstrates a willingness to pay from fans, stating, “There’s a lot of runway left,” indicating the potential for higher ticket prices.

Despite his belief in underpricing, critics warn that higher prices could alienate everyday fans, branding live music as a luxury. Amid ongoing investigations into the ticketing industry, including antitrust lawsuits against Live Nation, fans have elevated their calls for fair pricing and transparency in ticket sales.

As the debate continues, Rapino’s assertions have added fuel to discussions lingering in the industry—how to juggle profitability without making live music inaccessible to fans. As ticket prices climb, many fans find the idea of ‘underpriced’ tickets increasingly difficult to accept. Live Nation has not further commented on emerging criticism.