I thought this was interesting from a business perspective where there was a musician it seemed who charged people about $25 a seat to attend his small concert of sort which seems pretty normal for a live entertainment type of experience. Like a lot of other musicians this one asked people to buy his CD if they enjoyed his music as this way they can listen to it whenever. The cost? He was charging $30 for it. You have to wonder, why is it so expensive? Is it limited for example? Is the cost to produce it simply too much?
That apparently wasn’t the case at all. Instead, the artist justified it based on his pricing for live tickets. Essentially, the argument was you can listen to the music over and over and so that’s like getting an infinite number of tickets where $50 is a steal. I’m pretty sure most people would say “it’s not quite like that” as live concerts as an example is supposed to offer more experiences that a recorded CD doesn’t. Not only that, the pricing doesn’t even match with what others in the market charge in general for recorded music.
It’s a good example I thought of a bad way to price products and services where two completely different experiences need to be priced accordingly. Like saying, eating one fresh to made fish from the sea should rightfully demand more money than say charging the same for a frozen fish.