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Post by YAKMAN is ICHIBAN on Sept 15, 2023 13:32:21 GMT -5
I had no idea they were coming to Grand Rapids. That's only like an hour and 15 minutes for me.
Hmmmmmmm
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Post by HMARK Center on Sept 15, 2023 13:54:34 GMT -5
Side note on venues: keep in mind, as well, that a lot of them are booked very far in advance, so quickly adjusting to a smaller number is much easier said than done...plus, I assume they'd rather have the bigger venues booked in anticipation of going back on the upswing over risking being in smaller venues when there might be considerably more demand for tickets in, say, 6 months' time. There's also the factor that some larger venues can be more cost effective to run, odd though that may seem, but that very much depends on each particular market and the business arrangements at the various arenas.
Doesn't mean they should never go for a show at a more mid-sized venue, of course, but there are a lot of variables being weighed in decisions like this.
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Post by Killah Ray on Sept 15, 2023 14:03:27 GMT -5
Seems odd that they didn't advertise in Cincy like that, that reminds me of the terrible advertising TNA used to do back in the day....
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Deleted
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Post by Deleted on Sept 15, 2023 14:11:11 GMT -5
Seems odd that they didn't advertise in Cincy like that, that reminds me of the terrible advertising TNA used to do back in the day.... Oh man I know...I randomly found out TNA was in Evansville, Indiana of all places by literally walking down that street haha |
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Post by raymondo316 on Sept 15, 2023 15:10:43 GMT -5
Seems odd that they didn't advertise in Cincy like that, that reminds me of the terrible advertising TNA used to do back in the day.... Well Jeff Jarrett & Rafeal Morffi are both involved with booking arenas, planning where they go, ticket sales etc. Both used to be in TNA |
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Post by raymondo316 on Sept 17, 2023 11:08:07 GMT -5
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Post by Deleted on Sept 17, 2023 11:15:47 GMT -5
I am not sure if this is accurate but one of the first comments states this: I wonder if their inability to price better is leading to some of these in repeat places? |
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Renslayer
Bill S. Preston, Esq.
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Post by Renslayer on Sept 17, 2023 11:54:40 GMT -5
Side note on venues: keep in mind, as well, that a lot of them are booked very far in advance, so quickly adjusting to a smaller number is much easier said than done...plus, I assume they'd rather have the bigger venues booked in anticipation of going back on the upswing over risking being in smaller venues when there might be considerably more demand for tickets in, say, 6 months' time. There's also the factor that some larger venues can be more cost effective to run, odd though that may seem, but that very much depends on each particular market and the business arrangements at the various arenas. Doesn't mean they should never go for a show at a more mid-sized venue, of course, but there are a lot of variables being weighed in decisions like this. On the venues point, I always have to remind myself that they're booked so far in advance & have to account for if the sports teams in town need them, etc. |
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Post by Treklubj on Sept 17, 2023 15:06:56 GMT -5
Some of the information provided in this thread really makes me wonder how important turning a profit is to Tony Khan.
When I attended Collision last month, there were approximately 3000 tickets distributed in an arena that seats about 22K for basketball. At least a portion of those were 4 tickets for $40 package. There's no way you're not taking losses if you're doing that twice a week all over the country.
A second point is the Grand Slam events. If you go from over 20K in year one to 13,800 in year two to tracking for 7K or whatever in year three, eventually you start taking a major loss regardless of how much you increase ticket costs. The fact that they're now going the BOGo route to get people to attend indicates they're trying to recoup anything they can at this point.
The TV deal and Shad Khan make AEW stable, but at some point you would think better business decisions will need to be made.
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Post by "Evil Brood" Jackson Vanik on Sept 17, 2023 15:19:28 GMT -5
Some of the information provided in this thread really makes me wonder how important turning a profit is to Tony Khan. When I attended Collision last month, there were approximately 3000 tickets distributed in an arena that seats about 22K for basketball. At least a portion of those were 4 tickets for $40 package. There's no way you're not taking losses if you're doing that twice a week all over the country. A second point is the Grand Slam events. If you go from over 20K in year one to 13,800 in year two to tracking for 7K or whatever in year three, eventually you start taking a major loss regardless of how much you increase ticket costs. The fact that they're now going the BOGo route to get people to attend indicates they're trying to recoup anything they can at this point. The TV deal and Shad Khan make AEW stable, but at some point you would think better business decisions will need to be made. I mean Meltzer touched on this on Observer Radio but this is just what WWE would do when they're not hot and I'm sure they care about making a profit. Run NBA sized arenas and sell however many tickets they can including lowering tickets closer to the show and offering packaged teams. They're not "taking losses" in the sense that it's better to sell those tickets and better visually for the TV product. There are marginal increases in rental costs for larger arenas but they're largely a drop in the bucket compared to the overall budget. Plus smaller arenas aren't always able to accommodate their production needs. Could they be doing a better job to promote these shows? Sure. But they definitely want to make money and in 2023, these live gates aren't going to be a significant factor here. |
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Post by Bruce Mother Wayne on Sept 17, 2023 15:50:29 GMT -5
Think it mostly boils down to them running too many shows in too few markets and charging too much for them. Should probably try to diversify where they're at more and tape Dynamite and Collision together more often. Looking at AEW's entry into the Canadian market, it's hard not to think this or disagree with this. Somebody thought it was a good idea to run the Greater Toronto Area (GTA) 4 times in one week (Toronto for Collision then Forbidden Door, then Hamilton, which is the GTA, for back-to-back Dynamite/Collision tapings). But AEW skipped Ottawa completely. Or having a TV taping in Saskatoon, but Vancouver gets nothing. I see AEW is coming back to Canada in December by running Montreal for back-to-back TV taping. And I can't tell if AEW is going to try to do another Canadian loop or if these Montreal shows are going to be a one-off. There needs to be some revision about how AEW runs shows in Canada: which cities to run, which cities get whichever taping, what time of year to run the country, etc. It just seems very haphazard. |
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Post by Treklubj on Sept 17, 2023 17:01:53 GMT -5
Seems odd that they didn't advertise in Cincy like that, that reminds me of the terrible advertising TNA used to do back in the day.... Oh man I know...I randomly found out TNA was in Evansville, Indiana of all places by literally walking down that street haha Completely random, but Evansville is one of my favorite cities in the U.S. I travel a lot for work but never get tired of visiting there. |
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Post by kingoftheindies on Sept 18, 2023 14:51:54 GMT -5
Jimmy has been for months very critical about AEW's raising prices going back to the Canada tour, and sounds like AEW has gotten the message
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Post by raymondo316 on Sept 20, 2023 18:04:47 GMT -5
Now offering buy one, get one free for Saturdays Collision
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J. Hova
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Post by J. Hova on Sept 20, 2023 21:32:38 GMT -5
Whoever called it TNA-esque with their promotion reminded me of when TNA did a show in Davenport, IA about 15 years ago. I literally didn't know the show was going on until like two days before when they advertised on the ticker board on the outside of the building.
As far as AEW goes, it is the law of diminishing returns. They go in, people are excited about the new shiny thing. AEW proceeds to do everything you can possibly think of in the matches short of a resurrection. At that point, what is the hook to get you to come back? Did you screw the babyface? Was there a great technical match that closed the show that went to a double DQ? Don't even get me started on how overpriced the tickets are. It is not surprising this happens.
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Post by markymark on Sept 20, 2023 22:44:42 GMT -5
According to Wrestletix, GrandSlam final number was 11,263.
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dpg
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Post by dpg on Sept 21, 2023 1:03:39 GMT -5
AEW has done exceptionally well since it's launch. But, you all knew this was coming, it's still a young company. They've expanded very quickly and with that comes problems. They now have two touring shows with tapings for two more appended onto them. That is a lot. WWE can do it, but they have a huge casual fanbase built up over decades. AEW does not yet.
They're also booking huge arenas then having to slash ticket prices to get people in, so have effectively begun training fans not to buy tickets when they go on sale, but to wait for the price cuts. That is going to lead to increasingly poor initial sales, then price cuts to get people in, with most fans buying at that point. That will only get worse unless they put a proper price strategy in place.
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Post by raymondo316 on Sept 25, 2023 9:42:47 GMT -5
Considering you could fit 12-13 thousand in here for wrestling, it's sad that this is struggling to sell tickets with how good the card is.
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cjb01: Limited Edition Item!
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Post by cjb01: Limited Edition Item! on Sept 25, 2023 18:08:38 GMT -5
Considering you could fit 12-13 thousand in here for wrestling, it's sad that this is struggling to sell tickets with how good the card is.
It moved almost 1000 tickets in a week We still have a week to go Grand Slam had over 11K by showtime, I think WrestleDream will be ok |
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Post by raymondo316 on Sept 25, 2023 18:32:36 GMT -5
Considering you could fit 12-13 thousand in here for wrestling, it's sad that this is struggling to sell tickets with how good the card is.
It moved almost 1000 tickets in a week We still have a week to go Grand Slam had over 11K by showtime, I think WrestleDream will be ok For Grand Slam, they literally had to offer buy one, get one free to move a lot of tickets late on.
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