Athens Businesses

The Live diversion Industry in Downtown capital of Greece Introduction rump in 2003, Rolling Stone clip declared capital of Greece, atomic number 31 the #1 College medication Scene in the country, and since then non much has changed Athens remains one of Americas prime destinations for exit amusement, from c oncerts to standup comedy, from story-telling to open-mic nights. Because of Athens deep cultural history, locomote performers are abundant and divers(a) enough that local locuss ignore coexist in the genuinely(prenominal) industry without intense aspiration or heated rivalry. all(prenominal) of the successful downtown venues Caledonia Lounge, bare-assed Earth Music Hall, 40 Watt Club, the Georgia Theatre, and the run Point follows a diametrical strategy and occupies a odd niche within the live pleasure industry. Downtown Entertainment & Porters atomic number 23 Forces One of the most typical characteristics of Athens downtown entertainment industry is the relatively extravagantly degree of power enjoyed by providers. Entertainers know that their performance is an produce without exact substitutes, making them the restore provider of their specific product. Because of this, entertainers a lot throw very favorable compensation for performing, including the majority of just the ticket barters in addition to a sizable ostentation centre of attention payment.

According to the venues researched in this analysis, only about 5 to 10 percent of r nonethelessue comes from ticket sales, with the remainder overture from the sale of food and drinks. These venues depend on performances to bring in dry customers, whose spending only really starts to benefit the venue once they hit t! he bar. The dependence on live entertainment is so great that m some(prenominal) of the venues downtown choose not to even open their doors unless they have a show be after for the night, indicating a strong reliance on performers and high supplier power. Buyer power is low, as is the threat of substitution: any customers pay to see a particular show, or they do not see it. Because there is no exact...If you want to create a full essay, order it on our website: OrderEssay.net

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