Although the parallel dollar continues with an upward trend, the importation of artists does not stop. A festival of imports, paraphrasing the vice president Cristina Kirchneryou live in musical terms. Coldplaythe band led by Chris Martin, scheduled a dozen shows in our country for November of this year, to which other names will be added, such as Dua Lipa and Harry Styles, to name a few in a long list of sold-out shows that set a trend that defies all crisis. “There is a lot of desire after the pandemic to go out, and there is a sector that, given the small possibility of accessing shows, takes advantage of it,” says Daniel Grinbank, the producer behind the Coldplay show.
Festival
Dua Lipa will arrive in Argentina in September with a dual function (13 and 14) at the Hippodrome of Palermo with all the tickets for their two sold out shows: The first recital of the interpreter of “Don’t Start Now” was sold out in less than an hour and, after adding a new date, it was sold in record time, although prices averaged 12 thousand pesos.
Days before, on September 11, the Californians of Green Day, with Billy Idol as a special guest, will perform at the Vélez Sarsfield Stadium with tickets ranging from $7,600 to $14,500. And next September 30, Axl Rose, Slash and Duff MacKagan, the Guns N’ Roseswill play in a crowded River Plate: tickets ranged from $7,500 to $17,500and sold out in a few minutes.
Also in September Demi lovato (Friday the 9th at the Movistar Arena) will arrive in the country as part of the tour to promote “Holy Fvck”, his transgressive eighth album, which will be released on August 19. But there will also be undisputed hits like the resilient ballad “Skyscraper”, the lighthearted “SorryNotSorry”, and the queer anthem “Cool for the Summer”, which has more than 30 million views.
the spanish singer Rosalia It will arrive a few weeks earlier, on Thursday, August 25, with the “Motomami World Tour”, which has 46 concerts in 15 countries, culminating in France on December 18. Like the previous ones, it sold out the tickets for its first performance in minutes, and added a second show for Friday, August 26 on the same stage.
Same case of daddy yankee, the Puerto Rican rapper who says goodbye to the stage after 32 years with the world tour: tickets for his two shows on October 1 and 2 at the Arena in Buenos Aires are out despite the average cost of tickets, around 14 thousand pesos. And the same goes for bad bunny who returns to Argentine soil after his last visit to the country in 2017: on November 4 he will take the stage at the Vélez stadium with his “World’s Hottest Tour”, which will take him from the United States to Chile.
imports
The list goes on and on. The megafestival will take place from November 7 to 11 Spring Soundwhich arrives in the country for the first time after the success of Lollapalooza (which has already put tickets on sale for the 2023 edition), and which has Björk, Arctic Monkeys, Lorde, Jack White, Pixies and Travis Scott among others, to animate the Children’s Park stage: the ticket prices caused talk on social networks and range from $19,900 up to $50,000, not including service charges.
Joan Manuel Serrat will do the same on November 29 at the Arena; like Michael Bublé on November 12 at the same Villa Crespo stadium (after 15 shows in the United Kingdom and 27 recitals in the United States); but little will be compared to the six dates that Ricardo Arjona signed up (August 5, 6, 7, 18, 19 and 20) to sing the songs from his double album “Blanco y Negro”, recorded at the historic Abbey Road studios in London.
And the Guatemalan thing falls short compared to coldplay recordwho sold 550 thousand entries in 10 shows, surpassing the figure of the 9 River that Roger Waters filled in 2012.
The London band will stop in Argentina between October 25 and November 8 of this year, and will invoice almost $60 million at the official exchange rate (about US$30 million with the alternatives MEP or CCL).
“The cachet of an international artist is processed as a service import and is paid in the official dollar,” the recital promoters agree. But the dollars will not come out of the reserves, they already clarified in the Central Bankl, and will be borne by the producers of the show, DF Entertainment and the multinational Live Nation, which estimated that the total collection will be around $7 billionwith a return of less than 10%.
A good part of that amount is taken by a band with a dollarized cachet, and the same in the rent of the stadium: River’s rate is also dollarized: they charge US$ 500,000 per day, for which the Núñez entity will pocket US$ 5 million .
Dollars
From the BCRA they assure that these numbers do not move the ammeter to the reserves, that in the gross figure you add US$ 41,600 million, but in practice they would be much less. And they clarify that so far this year, “the global import bill for cultural services does not reach US$ 5 million monthly”.
The boom in musical imports, on the other hand, is a phenomenon to be analyzed. Buenos Aires will be the city with the largest number of concerts on Coldplay’s tour: in England they will give eight shows, same amount as in Brazil, a country with 212 million inhabitants, compared to 47 in Argentina.
“The public feels that international bands come to Argentina for the only timeor for the last time, and that generates a lot of expectation and anxiety, unlike what happens in the United States or Europe, where they can see them every two years”, explains Marcelo Fernández Bitar, a journalist specializing in rock.
And local prices translated into blue dollars are incidentally lower than in other corners of Latin America, which drives sales among tourists who come to Buenos Aires and add an international show to their stay: the most expensive tickets to see the band anglo were 19,500 pesos, 160 dollars then. Less than the 203 that count in Peru and the 266 dollars in Chile. And that also pushing resale: tickets are already offered on the web for figures several times higher than the original price. A Vip ticket for Colplay is priced at just over $73,000, almost four times its original value.
“When people begin to perceive that the real exchange rate is lagging behind, become relatively cheaper and demand increases of imported goods, including imported services. In this context, what happens today with Coldplay and any other consumption abroad comes in,” says Fernando Marengo, chief economist at the Arriazu Study. The real exchange rate was at its lowest level since May 2018. That is why the Bank The central office considered reinforcing the stocks, making it extensive for the “importation of soccer players as well”.
“The central bank I have already notified the clubs that no more official dollar is authorized to transfer abroad. This is a huge complication to buy players from abroad. But the obligation of the clubs to pesify their income in dollars at the official exchange rate is still in force 72 hours after they have been collected”, they recognize from an important Buenos Aires club, reflecting that the festival of cultural imports (sport is also), could be coming to an end.
by RN
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