Recession Catches Up With Concert Revenues
MARY LOUISE KELLY, Host:
As NPR's Tamara Keith reports, this summer's concert season is littered with cancelled shows.
(SOUNDBITE OF SONG, "PLEASE DON'T STOP THE MUSIC")
RIHANNA: (Singing) Please don't stop the music. Music. Music. Music.
KEITH: She's in good company, though. Lilith Fair, the Eagles and American Idol Live have all trimmed back their tours this summer.
(SOUNDBITE OF SONG, "BEAUTIFUL DAY")
LOUISE KELLY: (Singing) You're out of luck...
KEITH: Kevin Lyman is the tour's founder.
LOUISE KELLY: I think it's an indication of a rough summer. I think it's a bit of the economy. I think it's a glut of everyone on the road all at once trying to make up for the revenues that they're not making on their records.
KEITH: Lyman is also the man behind the punk rock Van's Warped Tour. This year, he says business is down eight to 10 percent in most markets.
LOUISE KELLY: We're seeing a dynamic shift in the touring industry, and I think we'll probably come out stronger in the long run, but right now, some real hard times.
KEITH: Tamara Keith, NPR News, Washington. Transcript provided by NPR, Copyright NPR.
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