The reason Billy Joel loses $20,000 at every show.
Not that he needs the money, but Billy Joel loses $20,000 at every show because he doesn’t sell the seats in the front rows. We found this story on cheetsheet.com.
Billy plays a lot of shows at Madison Square Garden in New York City and they sell out all the time. Joel has performed at least one show a month at the venerated arena since 2014. Joel plays sold-out stadiums across the nation and the globe. He has performed in cities worldwide, including Dublin, Las Vegas, London, Los Angeles, Mexico City, Miami, and Melbourne. Each show’s total ticket sales can make millions of dollars.
He is 73-years-old now and has played 134 shows at Madison Square Garden throughout his career and has no plans of retiring anytime soon.
Why Is Billy Joel Losing Money At Every Show
At every show, he never sells front-row tickets. In fact, he leaves the first few rows unsold. But that doesn’t mean those seats remain empty. He explained in an interview on Jimmy Kimmel back in 2014, that the first-row tickets are always scalper tickets. Billy knows his real fans cannot afford front row tickets and they are stuck way in the back. So, he decided not to sell the front row seats anymore, he gives them away. Billy sends crew members to the seats in the back to find enthusiastic ticketholders. The crew upgrades them to free front-row tickets, and Joel enjoys seeing genuine fans’ reactions while he performs.
This loses Joel $20,000 to $50,000 per show, but Joel believes that having real, passionate fans in the front rows is priceless.