Why are music festivals so expensive?

What has been a significant change in music festivals over the past 20 years?

• Reduction in the number of festivals

• Growth in popularity and attendance

• Increase in festival duration

• Decrease in ticket prices

Why have artist fees increased significantly in recent years?

• Touring has become the primary source of income for artists

• Artists now make more money from album sales

• There are fewer artists available to perform

• Festivals have become less popular

What strategy have some independent festivals used to stand out in the market?

• Focusing on unique experiences

• Reducing the number of performances

• Partnering with large corporations

• Offering free tickets

According to a survey, what is the main reason most festival-goers buy tickets?

• The price of the tickets

• The location of the festival

• The overall experience

• The headline acts

What is the 'experience economy' as described in the video?

• An economy based on physical goods

• An economy centered around engaging experiences

• An economy focused on providing services

• An economy driven by technological advancements

How do festivals benefit from the digital age?

• By allowing attendees to document and share their experiences

• By reducing costs through online ticket sales

• By offering virtual reality experiences

• By eliminating the need for physical venues

What is the future vision for music festivals according to the video?

• Festivals will offer transformative experiences

• Festivals will be replaced by virtual events

• Festivals will become shorter and more frequent

• Festivals will focus solely on music performances