The hip-hop heavy Day N Vegas competition was canceled on Friday (June 1) attributable to poor ticket gross sales, making the occasion financially unsustainable, in accordance with sources aware of the scenario.
Promoter Goldenvoice knew there was a difficulty the day after tickets went on sale, June 10, sources inform Billboard. Ticket gross sales merely didn’t meet the gross sales aim that day, or the times that adopted. By canceling Friday, with the beginning of the competition nonetheless greater than 60 days away, AEG solely has to pay 50% of the artist price — a compromise that was reached with the main expertise companies final 12 months amid touring’s return from the pandemic.
Day N Vegas’ disappointing ticket gross sales got here as a shock for a lot of because it was Travis Scott‘s first live performance because the disastrous Astroworld competition in Houston final November. Plus, the invoice featured different heavyweights equivalent to SZA, J. Cole, Playboi Carti, 21 Savage, Baby Keem and Summer Walker. Sources near the live performance promoter blame the placement and time of the Day N Vegas, being held on Labor Day Weekend in Las Vegas, which is traditionally one of many hottest weekends of the month. In 2010 and 2021, Day in Vegas was held in November when the climate is significantly cooler.
Still, the drop in gross sales got here as a shock for a lot of after the success of the Day N Vegas in 2019, that includes Kendrick Lamar, Travis Scott, J. Cole, Juice WRLD, Tyler, the Creator and Lil Baby.
Across the board, ticket gross sales are slowing for festivals within the second half of 2022 throughout the nation. The Rolling Loud competition in Miami, July 22-24, which incorporates headliners Kendrick Lamar, Ye and Future hasn’t offered out but both.
“There are a lot festivals out there right now and it seems like only those first festivals to go on sale for their sound or genre are the ones that sell out, but everything else that follows has struggled,” one supply following the competition house tells Billboard. “It seems like the consumer spent most of the festival money for the year and unless it’s already on sale, there’s not much money left for anything else.”