This is something I've been wondering about.
I live in a poor area of the Midlands. This week the nearest city has a touring musical playing (not one of the classics). I get an email, prices from £13 so I click through and all the cheap seats are sold. So are the front five rows. The 85% in the middle is virtually empty. So my question is, surely with a basic knowledge of supply and demand, wouldn't it be better to drop the prices a bit too sell more tickets? If this week they see they've only sold 15-20% for Friday night, why don't they email out an actual offer to people on the mailing list? People who get cheap tickets spend more on merch, drinks, sweets etc.
Can anyone make sense of this for me?