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Post by Robbymac on Apr 10, 2009 11:43:12 GMT -5
All evidence to the contrary tells me you're wrong in that assesment. They just sold 67,000 tickets at an average price of $100+ They'll sale 60,000 or more again in Phoenix. I can say with about 99% confidence the only arena that will see Wrestlemania in the near future will be Madison Square Garden in 2014. I honestly don't think they will sell 60,000 ticket for next years event. I don't believe the location, the product, the economy are condusive to that. Of course all those things could change in 12 months time but if you imagine Florida as being much more of a wrestling base for WWE and for WM24 to sell 63,000 tickets is great but considering they had a maximum capacity of 74,000 for the event in the Citrus bowl it's really not that impressive that you sell 10,000 tickets less than you could have done. It costs a lot of money to run shows at big stadium events and legally you need to have X-number of security for each seat and as security arrangements have to be finalised long before you know exactly how many people will be there, having 10,000 essentially empty seats (in terms of how much money those seats are generating) going to people for no money at all to bump up the attendance, isn't very practical or desirable. Again... Two separate locations. Two parts of the country. Same Product Roughly 65,000 each time. They'll sell 65,000 again. The product is strong, but the BRAND NAME is rock solid. They *might* go to baseball stadiums instead of football stadiums (such as Safeco Field). They won't go back to arenas. |
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Beans
Team Rocket
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Post by Beans on Apr 10, 2009 11:45:53 GMT -5
Why does an arena WM mean that the product isn't doing well? The attitude era only had one stadium WM and that was WM17 arguably after the Attitude era ended.
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Beans
Team Rocket
Posts: 921
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Post by Beans on Apr 10, 2009 11:49:45 GMT -5
There is one thing about the REAL 25th anniversary of WM next year...they'll be no excuse of a reduction in capacity because of the stage...  |
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Post by Robbymac on Apr 10, 2009 11:55:11 GMT -5
Why does an arena WM mean that the product isn't doing well? The attitude era only had one stadium WM and that was WM17 arguably after the Attitude era ended. Well the general consensus is the attitude era ended at 17, but regardless. My understanding is 7 bombed so bad they had to move it, and 8 there are noticible empty seats in the upper deck. They were likely very leery of returning to stadium until they had a strong enough product to do so. By 17 they had that opportunity, and with the exception of their three year trip through Wrestlemania's past they haven't gone back. Vince likes everything to look BIG, and he knows that he can sell 60,000 to Wrestlemania with a Snitsky-Khali main event. If he has to do a few tricks to fill or hide the rest of the seats he can do it. Not to mention that cities are now BIDDING to have the event. Personally I think baseball stadiums are the way to go though. Off the top of my head the following places would all be ideal for Wrestlemania with capacities likely right around 50K for wrestling Minute Maid Park-Houston, TX Tropicana Field-Tampa, FL Chase Field-Phoenix, AZ Dodger Stadium-Los Angeles, CA Angel Stadium-Anaheim, CA PETCO Park-San Diego, CA AT&T Park-San Francisco, CA Safeco Field-Seattle, WA (already hosted one) Miller Park-Milwaukee, WI Turner Field-Atlanta, GA The Ballpark in Arlington-Arlington, TX |
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Beans
Team Rocket
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Post by Beans on Apr 10, 2009 12:00:58 GMT -5
But you know i you're going to sell 50,000 tickets and shell out for security why not just do it in a 23,000 seater arena and sell tickets at a higher premium as supply will be limited and massively reduce the cost of hosting the event?
WM I think is far better from a TV viewers perspective in a stadium but you've got to look at what is more viable and what'll maximise profits for WWE. Yes they took in around $6.9m in ticket sales for this years WM but how much of that is pure profit and how much goes towards organisational expenses, I'd guess quite a sizable chunk I'd guess for a large stadium.
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Post by Robbymac on Apr 10, 2009 12:02:13 GMT -5
But you know i you're going to sell 50,000 tickets and shell out for security why not just do it in a 23,000 seater arena and sell tickets at a higher premium as supply will be limited and massively reduce the cost of hosting the event? WM I think is far better from a TV viewers perspective in a stadium but you've got to look at what is more viable and what'll maximise profits for WWE. Yes they took in around $6.9m in ticket sales for this years WM but how much of that is pure profit and how much goes towards organisational expenses, I'd guess quite a sizable chunk I'd guess for a large stadium. Selling 50,000 seats in a 50,000 seat stadium will make you more money than selling 20,000 seats in a 20,000 seat arena. I'm no math major, but this I'm sure of. |
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Beans
Team Rocket
Posts: 921
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Post by Beans on Apr 10, 2009 12:07:02 GMT -5
But you know i you're going to sell 50,000 tickets and shell out for security why not just do it in a 23,000 seater arena and sell tickets at a higher premium as supply will be limited and massively reduce the cost of hosting the event? WM I think is far better from a TV viewers perspective in a stadium but you've got to look at what is more viable and what'll maximise profits for WWE. Yes they took in around $6.9m in ticket sales for this years WM but how much of that is pure profit and how much goes towards organisational expenses, I'd guess quite a sizable chunk I'd guess for a large stadium. Selling 50,000 seats in a 50,000 seat stadium will make you more money than selling 20,000 seats in a 20,000 seat arena. I'm no math major, but this I'm sure of. Depends on how many tickets you sell the 20,000 for. It's supply and demand. It's like at Christmas...a toy is limited in supply so demand is higher and prices are driven up. They deliberately under supply the market so they can sell their BarbieTeletubbiefurbie product for MUCH higher than what they would do if they produced enough to satisfy demand. With failing to sell out the last two WM's and the failing to sell out the Florida event quite badly, they're clearly supplying much more than the demand, demands! They could easily make more money from selling 20,000 tickets than 50,000 simply because demand for those 20,000 would be greater and essentially push up ticket prices and factoring into that the savings that are made through not hiring out a large super-stadium, it's very probably that the net profit for the company during small-arena WM's is greater than huge stadium events. |
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Post by Robbymac on Apr 10, 2009 12:54:16 GMT -5
Selling 50,000 seats in a 50,000 seat stadium will make you more money than selling 20,000 seats in a 20,000 seat arena. I'm no math major, but this I'm sure of. Depends on how many tickets you sell the 20,000 for. It's supply and demand. It's like at Christmas...a toy is limited in supply so demand is higher and prices are driven up. They deliberately under supply the market so they can sell their BarbieTeletubbiefurbie product for MUCH higher than what they would do if they produced enough to satisfy demand. With failing to sell out the last two WM's and the failing to sell out the Florida event quite badly, they're clearly supplying much more than the demand, demands! They could easily make more money from selling 20,000 tickets than 50,000 simply because demand for those 20,000 would be greater and essentially push up ticket prices and factoring into that the savings that are made through not hiring out a large super-stadium, it's very probably that the net profit for the company during small-arena WM's is greater than huge stadium events. Its not like the ticket prices are lower for stadium events though. Wrestlemania 22 (the last arena show) Tix were $750, $300, $200, $100, $75, & $40 Wrestlemania 25 Tix were $755, $255, $100, $60, & $40. Now factor in that Wrestlemania 25 was in a much tougher economic climate, and they sold roughly FOUR TIMES as many tickets at the above prices I'm not sure how its economically beneficial to run an arena. |
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