Delilah - I didn't say that the tour wasn't successful. As a matter of fact, I think most bands would give anything to be half as successful. However, in comparison to past Eagles tours, I do not believe this one has been as lucrative. The numbers you gave actually make my point. In past years when they toured, the band almost always ranked 1st or 2nd in earnings. Now, you can make an argument that they aren't bringing in the same $$'s because they aren't playing as many dates. However, I would argue back that the reason they aren't playing as many dates is because they have reached their market saturation point where they schedule as many dates as the demand will bear.
And at the risk of repeating myself once again, I don't doubt that they love playing music and I have no problem with them making money for their performances. However, they had many other options to continue performing without continuing as the Eagles. It would seem to me that it would have been much more of an artistic challenge for them to explore other avenues such as collaborating with other artists or focusing on their solo careers.
"People don't run out of dreams: People just run out of time ..."
Glenn Frey 11/06/1948 - 01/18/2016
Ok, but in your previous post you said the tour hadn’t been as lucrative as they had hoped. I don’t believe any of us can know what financial goal they were hoping for, unless I missed some quote by Don or Irving. Why would they even expect to do as well as previous tours with Glenn? My guess is they are pleased and probably surprised they have been doing as well as they are, all things being considered.
Also so you said they were doing the Vegas shows to “save face” as if their tour numbers were embarrassing. I doubt the public or the number-crunchers or whoever care that much, if at all, that they were #6 last year vs. #1 or#2 in 1996 (or whenever it was).
Right or wrong, what’s done is done
It’s only moments that you borrow...
@ Delilah - Obviously, we don't know exactly what the band thinks. We are both guessing, so I guess we'll have to agree to disagree. My opinion is that they do care about the numbers. I don't have the year-by-year numbers, but, IIRC, they consistently came in 1st or 2nd in earnings throughout both the LROOE and HOTE tours.
"People don't run out of dreams: People just run out of time ..."
Glenn Frey 11/06/1948 - 01/18/2016
The subject of lucrative tours piqued my curiosity so I looked at some Pollstar data and discovered some surprising revelations.
These appear to be the most lucrative years for the band in terms of concert revenue:
1995 rank: #1; earnings: $63.3 million, $104,298,380 in 2018 dollars
2003 rank: #3; earnings: $69.3 million, $94,574,539 in 2018 dollars
2005 rank: #4; earnings: $78.4 million, $100,802,810 in 2018 dollars
2008 rank: #3; earnings: $73.4 million, $85,606,117 in 2018 dollars
2014 rank: #8; earnings: $86.5 million, $91,750,900 in 2018 dollars
2018 rank: #6; earnings: $165,900,000
Some notes:
- I saw no year other than 1995 where the Eagles ranked #1 for concert revenue and none where they ranked #2.
- in 2005 the average ticket price was $107.99; in 2014 it was $138.34; in 2018 $172.13
- although the band ranked #3 in 2008, it was actually a relatively low-grossing year for them, probably due in part to the economy at the time. This could go a long way in explaining why they eventually dropped LROOE songs from the setlist—it was affecting their bottom line.
- in 2010 the band had to cancel some dates due to poor sales
- in 1995 the band played about 74 dates; in 2014 they played 61 dates; in 2018 they played 55 dates
- the band’s lower ranking over time can be explained at least in part due to the rise of new acts like Taylor Swift taking over; before then the rankings were dominated by 70s and 80s acts.
These are the numbers that came up when looking into concert revenue. If anyone believes these numbers are wrong then I welcome any corrections and sources for them. These results were not what I expected (although I knew one of the HFO years was exceptional).
Right or wrong, what’s done is done
It’s only moments that you borrow...
Wow - Those are very interesting numbers. I am positive that the numbers for some years during both the LROOE and HOTE tours had the band coming in 1st or 2nd place. Apparently, the numbers got re-adjusted for some reason. Go figure! In any event, it doesn't change my original premise that the Vegas shows are easy money for the band, relatively speaking. They price out the average fan and substantially weakens the argument that they continue touring because fans want to hear these songs by the band that recorded them. But, like I said in another thread, sadly, residencies seem to be the up and coming trend for successful musical acts these days.
"People don't run out of dreams: People just run out of time ..."
Glenn Frey 11/06/1948 - 01/18/2016
Delilah - thanks for the research - you are better than me. However, I thought they came out in the top three from 1994 to 1996 for the HFO Tour.