Jun 9, 2026 · 32 min · 12 segments
When revenue goals aren't being met, it's natural to look at pricing. Should tickets cost more? How high is too high? Should we discount more often? Are ticket prices driving audiences away?…
We are therefore gonna have a conversation about price, right?
[laughs]
We are having a conversation about price everywhere in the sector right now and in the media.
Yeah, it seems like it's the only thing we talk about, uh, when we're talking about revenues and, and ways in which to drive revenues.
That it feels like price is the only tool in our toolbox when, when really it isn't.
Uh, and in fact, it may not even be the first tool that you should reach for, uh, when thinking about revenues.
You should be reaching for tools that are gonna help you with demand and, and managing demand, and thinking about how you are leveraging demand to drive your revenues, not just price.
But aren't we managing demand with price?
Well...
[laughs] Um, we are, we are managing behavior with price.
Um, we are wanting to create options for folks to find the right price points in the parts of the theater that, that appeal to them, and then we are calibrating price as demand increases in order to maximize revenue.
But for our business in particular, while this may not be true for commodities, right? We aren't a commodity.
Live performance is not a commodity.
We are not actually stimulating very much demand by fluctuating price.
Our pricing is reactive and responsive to where there is or where there isn't demand.
We are more u- we are using price more to inform the choices and the behavior that audiences are making once they've already expressed interest in what it is we have to offer them.
They don't even know what the price is until we get them interested enough in the show to go to the website and be clicking around to find the seat that they may want to sit in.
That is often the first time they have any awareness of what the price is.
But we put it as this really magical tool that is somehow going to make someone all of the sudden decide they want to see a show is just by telling them, "Well, we have, we have this price available to you," and I just don't think it works that way for audiences.
We are therefore gonna have a conversation about price, right?
[laughs]
We are having a conversation about price everywhere in the sector right now and in the media.
Yeah, it seems like it's the only thing we talk about, uh, when we're talking about revenues and, and ways in which to drive revenues.
That it feels like price is the only tool in our toolbox when, when really it isn't.
Uh, and in fact, it may not even be the first tool that you should reach for, uh, when thinking about revenues.
You should be reaching for tools that are gonna help you with demand and, and managing demand, and thinking about how you are leveraging demand to drive your revenues, not just price.
But aren't we managing demand with price?
Well...
[laughs] Um, we are, we are managing behavior with price.
Um, we are wanting to create options for folks to find the right price points in the parts of the theater that, that appeal to them, and then we are calibrating price as demand increases in order to maximize revenue.
But for our business in particular, while this may not be true for commodities, right? We aren't a commodity.
Live performance is not a commodity.
We are not actually stimulating very much demand by fluctuating price.
Our pricing is reactive and responsive to where there is or where there isn't demand.
We are more u- we are using price more to inform the choices and the behavior that audiences are making once they've already expressed interest in what it is we have to offer them.
They don't even know what the price is until we get them interested enough in the show to go to the website and be clicking around to find the seat that they may want to sit in.
That is often the first time they have any awareness of what the price is.
But we put it as this really magical tool that is somehow going to make someone all of the sudden decide they want to see a show is just by telling them, "Well, we have, we have this price available to you," and I just don't think it works that way for audiences.
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