Poll Results: Ideal Ticket Price is MRf26/= through MRf50/=
According to this MUSICinMALDIVES.com’s online survey, the ideal ticket price for a music event featuring local artists is between MRf 26/= and MRf 50/=.
Assuming that, on an average, MRf 300,000/= is spent in organizing a medium-scale event, the audience numbers have to be between 11,540 (for a ticket price of MRf26/=) and 6,000 (for a ticket price of MRf50/=) for the event to break-even. This is highly unlikely as lately, the audience numbers are somewhere in between 1,000 to 3,000 pax on an average.
That means event organizers could cash-in something like MRf26,000/= through MRf 78,000/= on a worst-case scenario, from the ticket sales. Hence, the rest of the money would have to come from sponsors or donations, which would amount to approximately MRf222,000/= through MRf274,000/=. It is these high costs that hinder more frequent and regular events.
As for small gigs, re-introducing a fairly priced ticket or entrance charge for small scale gigs at cafe’s might encourage a more supportive crowd and an incentive for both the artists/bands and venues as well. It may pave the way for a supportive community to pay for inspirational bands / artists to perform, visiting or otherwise. After all, you get what you pay for.
The poll was started on 13th October 2006 and ended on 17th December 2006.
Your comments and opinions to this result are welcome for discussion.
