Re: Quite Logical
There is also a question of what works. I've been to see new bands/artists and, frankly, I tend to feel disappointed. They only have one or two albums with a couple of hits - the rest is filler or covers. The artists themselves haven't got the background or experience to carry off a live gig. You can easily pay £35-50 to watch a new band going through the motions and they might only be on stage for an hour.
On the other hand, £50-70 can get you good tickets to a major star with 10+ albums, 20+ well known hits, decades of experience, real music talent and a fantastic band playing for 3 hours or more. Much as I like supporting new music I usually come away from such gigs feeling like I've been had. I've never failed to be impressed by the major names - even if I'm not a fan of their music. There is just something about the guys (and gals) who have been making a living playing live for 30-40 years that impresses the hell out of me.
Just as an example, I am NO fan of Elton John but I can assure you seeing him play for 3 hours, just him at a piano, with no band, is an amazing experience. Same goes for seeing Clapton, The Who and others. In straightened times, when money is tight, people want to spend their hard earned on someone they know will deliver.