From Business Insider · Henry Chandonnet · · 1m 20s
Ed Sheeran's ticket prices tumble after Macklemore row
Resale prices for Ed Sheeran's LOOP Tour are dropping sharply following the Macklemore controversy.
In brief
Resale prices for Ed Sheeran's LOOP Tour are dropping sharply following the Macklemore controversy. Artist controversies can directly impact ticket resale values, with nine of Sheeran's next ten tour dates seeing price decreases in just three days. Originally reported by Business Insider.
Sheeran's resale prices are falling fast
Nine of Ed Sheeran's next ten LOOP Tour dates have seen resale ticket prices drop in the last three days, according to Ticketdata.
Philadelphia tickets down 17 percent
Sheeran's Saturday Philadelphia show saw resale prices drop 17% in three days and 25% over a week, per Ticketdata.
Macklemore was removed over Gaza comments
Macklemore performed at two MetLife Stadium concerts in September, saying "Free Palestine" and referencing Gaza. He was then removed from Sheeran's tour.
“Free Palestine”
Robert Kraft blocked the performance
Billionaire Robert Kraft, owner of Gillette Stadium and the New England Patriots, confirmed he blocked Macklemore from performing, saying his venue doesn't provide a platform for hate speech.
“provide a platform for hate speech”
Sheeran blamed his tour promoter
Sheeran said the removal decision came from his tour promoter in response to threats from stadium venues, not from him personally.
Band and openers abandon the tour
The fallout escalated when Sheeran's band and three opening acts pulled out of the tour on Tuesday, compounding the controversy.
Here's the gist
Artist controversies can directly impact ticket resale values, with nine of Sheeran's next ten tour dates seeing price decreases in just three days.
