Culture Kings Concerned About Rising Music Festival Ticket Prices

The president of Culture Kings has warned that rising music festival costs are making them exclusive to wealthier attendees, with ticket prices outpacing inflation significantly over the past two decades. Median ticket prices at major Australian festivals have jumped from $120 in 2004 to an estimated $427 by 2030. While festival promoters charge more due to increased demand, the costs associated with organizing events have also risen. Experts suggest that reducing ticket prices could involve legitimizing resale platforms and easing regulatory burdens on festivals.