Experiencing live music is now truly a certified hobby for the rich, a luxury venture for those with endless disposable income.

Likely, this group of people does not include you, dear reader, who has experienced the same tightening of household budgets and rising cost of living anxieties as the rest of us.

But if you ask Live Nation CEO Michael Rapino, those nights out that now require re-mortgaging a house just to get away from the monotony of life for a few hours are a bargain we should all be grateful for. In fact, we should be pleased and thankful that we’re not paying even more.

Why does every act think they can fill up the Glasgow Hydro?

During CNBC and Boardroom’s Game Plan conference, he noted the scope still available to further increase concert prices, and that the live music industry should inherit the same kind of immense greed seen in the sports world.

“Music has been underappreciated. In sports, I joke it’s like a badge of honour to spend 70 grand for a Knicks courtside (seat). They beat me up if we charge $800 for Beyoncé,” he said.

“We have a lot of runway left. So when you read about ticket........

© Herald Scotland